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Print edition : August 08, 2014

Union Finance Minister Arun Jaitley, along with Minister of State Nirmala Sitharaman and officials, leaves his office to present the Union budget in Parliament on July 10. Photo: Atul Yadav/PTI

P. Chidambaram. The current Budget takes up the goal set by the UPA Finance Minister to bring down the fiscal deficit from 4.5 per cent of the GDP in the last financial year to 4.1 per cent this year. Photo: Kamal Narang

By trimming government expenditure, raising resources through means that would aggravate cost-push inflation and relying on private investment to revive growth, the Narendra Modi government’s first Budget intensifies what was begun under the UPA government.
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