Rollback Budget
Authored By Wion Web Desk
Published: Feb 01, 2017, 03:50 IST | Updated: Feb 01, 2017, 03:50 IST
Yashwant Sinha has a record of introducing the maximum number of amendments to the Finance Bill after presenting the budget, which had earned the BJP leader the title of "rollback finance minister".
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Rollback Budget
Key Objectives: Strengthen the rural economy; restore the momentum of industrial growth; accelerate the development of infrastructure.
In photo: Industry (U) and farmer (D)
In photo: Industry (U) and farmer (D)
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Rollback Budget
Key Objectives: Expand job opportunities; give special impetus to social sector development; control over inflation; raise the rate of domestic savings to achieve higher national investment; raise the productivity.
In photo: Bombay Stock Exchange (U) and a market in Mumbai with foreign brands (D)
In photo: Bombay Stock Exchange (U) and a market in Mumbai with foreign brands (D)
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Rollback Budget
In the end, Yashwant Sinha's Finance Bill contained 122 clauses and 91 amendments, with 45 of them amended.
In photo: Yashwant Sinha
In photo: Yashwant Sinha
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Rollback Budget
Yashwant Sinha's budget became famous for its "rollback", he had to rollback the proposed urea price hike by 50% a day after his budget speech in Parliament. A few weeks later, he was forced to settle for a 4% special countervailing duty on imports, instead of the proposed 8%. Further, he dropped the 8% excise on namkeen and mithais.
In photo: People standing with currency in their hands
In photo: People standing with currency in their hands
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