Disappointed over the Budget, industry leaders said the exercise to mop-up extra Rs 45,940 crore through indirect taxes will lead to further price rise and make it difficult for the RBI to cut interest rates.
But member, Planning Commission Arun Maira, on the other hand has rated the budget a ten on ten. Why?
He feels that the India’s growth is crippled by various structural problems, and looking for answers in the Budget will not solve anything. “The Budget is not going to be the vehicle to solve those problems. So, I want to get past it completely, let’s be done with this and let’s solve the real problems,” he said in an interview with CNBC-TV18.
Watch the video here.
See more Budget 2012 videos and expert views on Firstpost: Ajay Shah, Rupa Rege Nitsure, Indranil Pan, Ashima Goyal, Jim Walker, DK Joshi, Ajit Ranade, Art Woo.
See more Budget 2012 issue based videos and firstpost’s analyses: Subsidies, Fiscal deficit, Inflation, Taxation, Dissecting the Budget, What Budget 2012 means for markets.
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