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Saturday, 17 March 2012

The five main key areas in the Budget2012-13

The focus of the government would be on five key areas

1.Growth recovery: 

The growth of the Indian economy estimated at 6.9% in 2011-12  has been disappointing. Agriculture and services have continued to grow but the industrial performance was acting as a drag.The global crisis has affected our Economy.Finance Minister wanted to recover the growth of economy by framing policies that trigger demand recovery.

2.Private investment:

 A private investment firms,mutual funds or other qualified investors purchase of stocks in a company at a discount to the current market value per share for the purpose of raising capital.
Finance minister ensuring rapid rise in private investment but he did nothing in his budget.

3.Bottlenecks:

A bottleneck is a phenomenon where the performance or capacity of entire system is limited by a single or limited number of components or resources.
Finance minister recognized the sectors which are under stress and wanted to improve the performance of those particular sectors(Agriculture,energy,transport,coal,power and national highways) by removing bottlenecks.

4.Malnutrition:

Despite its rapid economic growth,India has struggled with persistently high rates of malnutrition, for worse than many worse performing economies.
A recent Indian survey found 42% of those under the age of 5 are underweight. India fares worse than some much poorer regions including sub-Saharan Africa, with an underweight rate of 24% according to the United Nations Children's Fund.In china ,the rate is 6% according to the UN Group.
Finance Minister increases the spending on malnutrition programs by 58%.

5.Governance Matters:

Finding ways to expedite implementation of decision,prompt delivery and good governance with transparency,while curbing black money and corruption.

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