What the media is saying about next month’s budget:
The paper reported on Monday that government is planning to hike excise duty as it faces pressure to withdraw fiscal stimulus measures in the wake of a 16-year high fiscal deficit of 6.8% in the current financial year.
Deccan Herald published a story detailing the major roadblocks Pranab Mukherjee will face while preparing the Budget 2010-11, including rising inflation and fiscal consolidation
The new year is turning out to be quite testing and unnerving for equity investors. While the 2010 calendar year started on a high note, with the benchmark indices including the BSE Sensex and NSE Nifty touching 18-month highs on the second trading day of the new year, the ride has been downhill since then.
The Budget of 2010-11 would be the 20th reform Budget, and, in a telling commentary on the progress made in some key areas, is likely to echo many of the concerns raised by Manmohan Singh in the first reform Budget of 1991-92.