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Indian Budget for the Year 2012-2013

3 April 2012

Indian Budget for the Year 2012-2013

The Indian Finance Minister today presented the Budget for the year 2012-2013 in the Indian Parliament. While modest measures to reduce the fiscal deficit have been proposed, the Budget does not contain any radical policy changes. The Budget proposes changes to direct taxes, indicates financial sector reforms (banking, insurance and pensions) and liberalises external commercial borrowing norms for the infrastructure sector.

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