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

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NEW DELHI- Making Amends to Trade and Industry

NEW DELHI Making Amends to Trade and Industry BM WELL before the Finance Bill has been presented for consideration by Parliament, Union Finance Minister, V P Singh, has chosen to put forward what may be termed as revised Budget proposals for 1986-87. But he has not given any estimate of the revenue implications of the revision of the original proposals. Considering, however, the wide- ranging concessions and exemptions in excise and customs duties as well as the deduction of income from inter-corporate dividends that he has announced, the loss of revenue is bound to be sizable. This means that the budgetary deficit, especially that on revenue account, will swell. Will the deficit be still manageable and safe as he had claimed it to be when he had presented his budget would thus be even more strongly open to question.

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