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Sunday, March 02, 2008

DG - India Budget : FY 09 By CitiGroup

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DG - Budget 2008-09--Populist yet growth oriented: Sharekhan Budget Special dated February 29, 2008

 

Budget Special
[February 29, 2007] Please see the attachment for details

Sharekhan
www.sharekhan.com

Summary of Contents

SHAREKHAN BUDGET SPECIAL

Budget 2008-09: Populist yet growth oriented

Given the election year, the finance minister (FM) tabled a populist budget aimed at pleasing a large section of rural population and also the salaried middle class. Apart from the substantial increase in budgetary allocation for rural and social infrastructure, the budget has proposed huge debt waiver and relief worth Rs60,000 crore to farmers. But in spite of the increased expenditure, the fiscal prudence has been maintained with fiscal deficit target set at 2.5% for 2008-09.

Regards,
The Sharekhan Research Team

myaccount@sharekhan.com

 

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Regards

BigGains !!
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