ID :
108762
Fri, 02/26/2010 - 19:51
Auther :

PM gives top rank to Mukherjee`s Budget; says job well done`

New Delhi, Feb 26 (PTI) Terming as "exceedingly good",
India's Prime Minister Manmohan Singh Friday said the Budget
would help the economy to return to nine per cent growth while
allaying the fears that it would fuel "inflationary"
expectation.
"A job well done" was how Singh summarised India's Finance
Minister Pranab Mukherjee's Union Budget for 2010-11,
presented in Indian Parliament Friday.
"You must look at the total picture emerging from the
budget. The net revenue gain for the Finance Minister is only
Rs 20,000 crore. In an economy as large as India, this
resource mobilisation effort and balance should not trigger
any inflationary expectation. At the same time it gives the
muscle needed..
"The Finance Minister has not called back to the pre
stimulus excise duty rate. He has still exercised moderation
signalling the economy that you cannot have all things
together," said Singh, who in the 90s had donned the mantle of
Finance Minister in the Narasimha Rao government. MORE PTI

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