Published on Wed, Feb 22, 2012 at 18:42 | Source : IBNLive.com
Updated at Wed, Feb 22, 2012 at 18:45
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Budget 2012: Pranab to meet Cong leaders tomorrow
Ahead of the Budget, Union Finance Minister Pranab Mukherjee will meet senior Congress leaders on Thursday to seek their inputs for Budget proposals for 2012-13.
Ahead of the Budget, Union Finance Minister Pranab Mukherjee will meet senior Congress leaders on Thursday to seek their inputs for Budget proposals for 2012-13.
The Congress functionaries are expected to pitch for increasing the income tax exemption limit and providing more funds for poverty alleviation programmes.
Finance Ministers have been regularly holding consultation with All India Congress Committee (AICC) leaders ahead of the Union Budget.
Mukherjee, who will present the Budget in Lok Sabha on March 16, has already held discussions with various stakeholders, including industry chambers, economists, state finance ministers, farmers and trade union leaders.
State Finance Ministers will also meet in New Delhi on March 3 to suggest steps for increasing the ambit of the service tax net with a view to garnering more resources.
Mukherjee is expected to announce steps for promoting economic growth, which is expected to moderate to 6.9% in 2011-12 from 8.4% a year ago.
The other challenge before the Minister would be to contain fiscal deficit, which is likely to overshoot the budget estimate of 4.6% on account of increased subsidy bill and low realisation from disinvestment.
