Indian Budget, July 2009

There is a tough job awaiting the finance minister Pranab Mukherjee. He has to devise a budget plan, that would cater to all the  sections ranging from the corporates to the poorer sections of the society, or else the markets would react negatively. He has to raise money by divesting stake in the PSU’s , and has to concentrate on health, infrastructure and education facilities.  More so, the emphasis will be on the rural areas because rural demand is indispensable to  robust  economic growth. The government will do so by many social schemes(as promised in the election manifesto), such as the NREGA( National Rural Employment Guarentee Act)  where each family is ensured 100 days of employment,  and the Food security Act according to which each family below the poverty line is given 25 kg of food, at Rs 3 per kg.

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