ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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NEW DELHI- Budget-Plan Link Snapped

NEW DELHI Budget-Plan Link Snapped THE loud cheers from corporate business interests and their leaders for the first budget of Rajiv Gandhi's government are altogether unprecedented. Never before has a budget of the Union government won so much acclaim so unreservedly and enthusiastically from these quarters. No less enthusiastic has been the welcome of the budget by the middle classes, especially salaried employees among them. But this is somewhat tinged by doubts and reservations about the impact of the budget on prices. Fiscal reliefs on a selective basis for entertainment electronics and private transport have not dispelled these doubts. The sharp hikes in railway fares and freights, the hefty increase in the prices of petroleum products and levies on cement and vegetable products have unquestionably caused widespread misgivings. What stands out about the public mood is that while the top rich and business circles are fully satisfied by the Union budget and the trend of official economic policies, the middle classes are subdued and reserved in their response. The lower middle classes and the poor generally are visibly upset.

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