Budget 8 News
Budget likely to cater to populist pressure
Prime Minister Manmohan Singh's embattled government will likely boost spending on social programmes in a populist budget on Monday, even as India is threatened with a potentially ballooning subsidy bill for food and fuel. Higher spending to appease voters will make it tougher to reach deficit-cutting targets in a year that could see slower economic growth, and could also make policymakers' battle
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