Indian Budget 2012
By CA A. K. Jain

The budget expectations from the Finance Minister Dr. Pranab Mukherjee were probably unrealistic and impractical. Market expectations were suggesting that, Finance Minister will have a solution for everyone's problem and his budget proposals will re-generate the enthusiasm in the economy. No one probably understood and appreciated his limitations and compulsions. Indian economy is undergoing one of the most awful period.

High inflation, falling growth rates, increasing unemployment, international economic failures, growing labour unrest, weakening central political system, civic moments in the country restrained the Finance Minister from taking any bold initiative. He has taken a very cautious approach and completed his official formality. But what is most baffling is the Finance Minister total stillness to solve the problem of Indian money stacked in foreign accounts and creation of system of accountability in public expenditure. .........Click here to read further