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

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Union Budget: Long on Words and Short on Funds

The budget for 1999-2000 has ducked two basic problems requiring urgent attention: one, the immediate issue of an acute liquidity shortage and recessionary conditions faced by Indian industry and, the other, the longer-term question of social deprivation faced by a majority of the population which reflects the serious weaknesses of the pattern of development pursued so far and which is increasingly proving to be a major constraint in accelerating economic growth.

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