Budget Review 2011-12: MLR Securities
Realistic assumptions for total receipts at Rs 789,892 Cr and nominal GDP growth at 14%, however tight control of expenses assumed to achieve fiscal deficit target of 4.6% for FY12. Subsidy burden could result in exceeding target fiscal deficit by 0.5%.
Major Policy Reforms for FY12
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Direct Taxes Code (DTC) to be finalized for enactment during 2011
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