General Budget 2012 of India - 5 best and 5 worst part
>> Friday, March 16, 2012
Pranab Mukherjee presented his seventh Budget amid lots of hopes. Here are the five best and worst announcements in this year's Budget.
Five best:
- Negative list for services
- Subsidies at 2% of GDP
- Tax free infra bonds
- Foreign borrowings for low-cost housing
- Expansion of venture capital
Five worst:
- Fiscal deficit at 5.1% of the GDP
- Allocation of divestment proceeds
- Growth projection at 7.6%
- Subsidy payment by cash vouchers
- Increase in agricultural credit
Article by: NDTV India
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