Finance Minister Pranab Mukherjee stated that banks and insurance sector will continue to stay with the public sector.
Mr Mukherjee's budget speech tempered expectations saying the budget was as much for 'aam admi' as it was for the industry. He, however, kept his focus on infrastructure and public-private partnership.
He also emphasised the need to sustain 9% growth rate and strengthen the economy's mechanism to create 12 million jobs.
The last time Mr Mukherjee presented the budget was 25 years ago. A lot is expected of the budget - it is meant to reflect the popular mandate that the UPA govt got in the recently-conducted polls. The industry is looking for incentives to boost demand and the common man for increased spends in the social sectors.
Finance Minister Pranab Mukherjee stated that banks and insurance sector will continue to stay with the public sector. 
