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    HomeNewsBusinessBudgetUnion Budget 2012: Pranab begins Budget speech in Parliament

    Union Budget 2012: Pranab begins Budget speech in Parliament

    Finance Minister Pranab Mukherjee began presentation of his seventh Union Budget in Parliament in the backdrop of challenging macroeconomic and political environment.

    March 16, 2012 / 11:21 IST

    Finance Minister Pranab Mukherjee began presentation of his seventh Union Budget in Parliament in the backdrop of challenging macroeconomic and political environment.


    It may be Pranab's last attempt to bring economic reforms back on track.


    Subsidies have more than doubled to 3% of GDP. They have shrunk the funds available for investment.


    The Economic Survey, tabled yesterday by Mukherjee in the Lok Sabha yesterday, projected the economy to grow by about 7.6% in the next fiscal, up from 6.9% estimated in 2011-12.


    This year's Economic Survey has added two new Chapters
    first published: Mar 16, 2012 10:54 am

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