IT budgets News
Mihir S Sharma: Handouts for the well-heeled
If Finance Minister Pranab Mukherjee is “losing sleep” over “the enormity of subsidies” he has to provide for in next month’s Budget, it should surprise nobody. Government subsidies this fiscal year on food, fuel and fertiliser have already ballooned by Rs 1 lakh crore; they were budgeted at Rs 1.34 lakh crore. Meanwhile, tax receipts are likely to be considerably lower
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