SPA Research has come out with its report on Union Budget 2012- 13.
The Union Budget 2012-13, which is tabled at a time when growth has slowed down, embarked on a clear cut strategy of boosting investments in social sector, infrastructure and power, yet showing fiscal consolidation. With state elections getting over, this was excellent opportunity for honorable Finance Minister to take some strict reforms, as the government may take some populist measures in the next budget before 2014 general elections. Instead it laid more emphasis on pleasing the
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