"To be, or not to be, that is the question: Whether 'tis Nobler in the mind to suffer
The Slings and Arrows of outrageous Fortune, Or to take Arms against a Sea of troubles, And by opposing end them"
The above soliloquy from William Shakespeare's play Hamlet truly sums up the fate of our FM when he rises to present the budget this year and address larger issues of the fiscal front, issues of fiscal deficit containment which would require very tough measures be it on introducing reform measures such as DTC or GTC to widen the tax base or decisively cutting down on subsidies on food and fuel that are a huge drain on the exchequer.
This is the fourth budget being presented by the UPA Government and this is probably the last budget which allows room for introducing structural reform measures without the overhang of a General Election which will surely drive the next year's budget towards populism.
The expectations from the budget on big ticket reforms will largely be driven by the outcomeRead More »from Fiscal deficit needs to be well within 5% of GDP: Centrum Broking