ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Union Budget, 1985-86-Haves Have while Have-Nots Nought

Haves Have while Have-Nots Nought Arun Kumar The important ingredients of the 1985-80 Budget are (a) major cuts in direct taxes, (b) increases in indirect taxes, (e) the largest planned budgetary gap in addition to the biggest market borrowing plan, (d) an attempt to improve the climate for business in India, and, most significantly, (e) a paltry increase in the Plan size, in spite of 1985-86 being the first year of the Seventh Plan.

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