Pranabji is presenting budget with shoutings from opposition and intervened by the speaker to calm down the parliament.
He described the year gone by as “A year of recovery interrupted”
He has outlines five objectives of his budget as 1, Focus on domestic demand driven growth recovery
2, Create condition for growth, 3,Address supply bottlenecks, energy transport, road, power and civil aviation, 4, Tackle malnutrition
5,Expedite decision making for better governance and address black money problem
He feels that this is the time to take hard steps to reduce inflation expects the moderate development in 3 months, and expects GDP to grow 7.6% next year. From 2012-13 Food subsidy will be done fully. 1588 crore for capitalisation of PSU banks. Proposed to raise 30000 crore through disinvestment. Allow qualified forein investors to access Indias bond market. First infrastructure debt fund for 8000 cr established
