ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Farm Exports from a Hungry Land

 by the Finance Minister. They were largely of a conventional and formal type. But it appears that, unlike in the past, this was not the case so far as business leaders were concerned. More than at the formal consultations, business leaders seem to have given more weighty and effective advice on an informal basis. It would appear their advice carried a great deal of influence with the Finance Ministry and fiscal measures got fashioned on that basis. This is only underlined by the fact that even the odd suggestion that fiscal measures of interest to the corporate sector should be in what was called a three-year perspective finds a reflection in the budget proposals, with the offer to discuss how matters move in respect of the corporate sector in the coming three years. More striking in this connection has been the decision to raise the NRTP exemption limit to Rs 100 crore, which is more generous than the rise to Rs 50 crore which industry itself had been pleading for.

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