Corruption is a problem, we have to fight it collectively, say Finance Minister Pranab Mukherjee in his Budget speech.
Finance Minister Pranab Mukherjee is clearly the man of the moment as he presents the Union Budget 2011-12 in Parliament.
Here are the latest updates:
- Growth in 2010 has been broad based
- Fiscal consolidation has been impressive
- Food inflation still remains a concern
- Have to ensure more stable macro economic environment
- Need to improve supply response in agri sector
- Budget is a transition towards transparent economy
- Economy back to pre crisis growth trajectory
- FY12 budget to be a transition towards more transparent administration
- Do not forsee resources being a major constrain in medium-term
- Corruption is a problem; need to fight it collectively
- Govt is engaging in solving gaps in recent corporate governance
- This year's budget is a transition to a more transparent system
- Reaching the end of a remarkable fiscal year
- Have been deeply conscious about improving governance
- Indian economy expected to grow at 9% in FY12
- Economy regained pre-crisis growth momentum
- Expect inflation and CAD to be lower in 2011-2012
- Average inflation and current account deficit to be lower and better managed next year
- Economic growth seen at 8.75-9.25% in FY12
- GDP in FY11 estimated to have grown at 8.6% in real terms
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