All eyes on the fist big indicator of 'achchhe din'
GN Bureau | July 10, 2014
Finance minister Arun Jaitley this morning started presenting the NDA government’s first union budget. Here are the highlights from his budget speech:
* Emphasizes on fiscal prudence, need to generate more resources
* Assures to usher in policy regime that will lead to higher growth and low inflation
* Emphasizes on creating a vibrant India
* Says more anti-poverty programmes needed
* Stresses on reviving growth in manufacturing sector, infrastructure
* Says target of 4.1 per cent fiscal deficit is daunting but looks forward to it as a challenge
* FM blames the UPA government for slow decision-making, leading to loss of opportunity
* Says two years of below-5% growth has led to challenges to the economy
* Still, he has hope from the green shoots of recovery seen in global economy
* Looks forward to reining in inflation
* Aims to achieve 7-8 per cent economic growth rate in the next 3-4 years
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