Budget signals reform oriented nature of govt: PM
Prime Minister Manmohan Singh today said the Union Budget was aimed at fiscal consolidation and moderation of taxes to match the challenges the economy faces and signalled that his government was reform-oriented.
February 28, 2011 / 19:10 IST
Prime Minister Manmohan Singh today said the Union Budget was aimed at fiscal consolidation and moderation of taxes to match the challenges the economy faces and signalled that his government was reform-oriented.
"This budget meets all the challenges that our economy and our polity faces in the next fiscal year. We need to sustain a high rate of growth and therefore this budget builds upon the good performance of the current fiscal year's 8.6% growth rate to a projected 9%," Singh said.Hailing Finance Minister Pranab Mukherjee for doing a "commendable" job, he said while rapid growth was certainly one factor but equally important was greater tax compliance and for that moderate rate and simplified system were essential."And the Finance Minister has walked on both these legs," the Prime Minister said in an interview to Doordarshan. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
