AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
(From Business Line)
from BUSINESS LINE, January 16, 2006 COME February 28, the Finance Minister, Mr P. Chidambaram, will unveil his Budget for 2006-07. He must be in the throes of the complex exercise that precedes the framing of the Budget. The Finance Minister has already given the nation an idea of the problems he faces in budgetary balance through his mid-year presentation of the trend in expenditure and receipts. He had, however, pressed the pause button on the targets for achieving elimination of the revenue deficit as prescribed in the FRBM Act. The Budget is more than a statement of receipts and expenditure, as estimated. It is traditionally looked up to for hints and decisions on various policy issues. First and foremost, the nation looks up to the Budget as an indication of the Government's tax policy for the year ahead. Second, policies on various expenditure items also come under the scanner
The Finance Minister will, no doubt, be expected to spell out details of his divestment proposals, or at least such of them as remain after the gruelling negotiations with the Left
It is an undeniable fact that both the Khan Market and the stock market look to the Budget eagerly - contrary to Finance Minister's earlier declaration that the former mattered but not the latter. The stock market is at least as important as the Khan Market, with its …