Focus of Budget 2013 – Economic revival, fiscal health and sprucing India as a good Investment destination

Posted: February 20, 2013 in Current affairs
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new economic scenario….

Way 2 Success

P Chidambaram’s first budget in his third stint at the finance ministry will go the extra mile to avoid proposals that could run afoul of investors, while keeping a firm focus on economic revival, fiscal consolidation and boosting India’s allure as an attractive investment destination.

Early indications of the budget’s character gleaned from discussions with finance ministry officials reveal ‘clarity’ and ‘stability’ as the buzzwords shaping the exercise, along with a keenness to avoid steps that could unnerve investors and undermine an improving yet fragile sentiment in the country.

“The idea is to avoid surprises as they tend to unnerve investors, so stability will be key,” a senior government official told ET.

Steps to improve funding
Measures to improve funding for the infrastructure sector, deepening the corporate bond market and steps to improve the regime for foreign capital flows into the country are some of the broad thrust areas being deliberated in North Block these days…

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