Interim Budget a fine balancing act: PM
|
New Delhi: The Prime Minister, Manmohan Singh, on Monday hailed the interim Budget as a "fine balancing act", and said it would stimulate growth for the country in these difficult times.
"I have no doubt that the continued stimulus for the various flagship programmes of the Government will provide relief to all sections - specially the 'aam aadmi' (common man)," the Prime Minister said in a statement.
"Since the UPA (United Progressive Alliance) government took over, 'aam aadmi' has been the centre of our planning process. This focus continues and the interim budget clearly indicates the next steps. It continues to be a 'people's budget'," he added.
Manmohan Singh, who holds the finance portfolio, had left the tabling of the interim Budget to the Minister for External Affairs, Pranab Mukherjee. The Prime Minister is convalescing after a heart bypass surgery he underwent last month.
Complimenting Mukherjee for his "effective response to a difficult economic situation", he said: "The interim budget is a fine balancing act between the need to restore the economy to its optimum growth path and the constitutional constraints of a pre-election budget."
Budget ignores common people: Mayawati
The Prime Minister said the benefits of the stimulus package for industry and the export sector announced earlier continued to be available. "Our stress on increasing the investment on infrastructure and employment generation has been clearly underlined. All this will result in a positive turnaround in economic activity and levels of confidence."
- Petrol carmakers announce up to Rs 50000 in discounts Read 1833 Times
- Nude maid service raising eyebrows in Texas city Read 502 Times
- A Chennai restaurant's unique Saturday night dinner Read 378 Times
- Petrol price hike leaves people, parties fuming Read 344 Times
- Gold weakens on euro, on track for 6 % loss in May Read 170 Times
