ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-Prime Minister s Budget

Prime Minister's Budget B M THE budget for 1982-83 has evoked significantly contradictory reactions. The leaders of private business and industry are visibly disappointed, largely because it has not come up to their expectations. Their appetite for concessions and incentives had been so much whetted by the last two budgets and the pre-budget trends of official economic policy that they had looked forward to a bonanza. In the event, they feel let down. The concessions are, of course, there, but they are seen as paltry and halting and in terms of the monies involved not much to gloat over. The opposition parties generally have focused on the massive additional taxation, including that imposed by way of upward revision of railway freights and fares and telecommunication charges effected in advance of the presentation of the budget. This has been denounced as heaping fresh burdens on the people and giving a boost to price increases. The Left parties have gone along with similar criticism, and in addition held the budget to be the outcome of IMF influence and dictation.

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