Manmohan Singh lauds Mukherjee, says budget meets economic challenges

February 28th, 2011 - 4:09 pm ICT by ANI  

Manmohan Singh New Delhi, Feb 28 (ANI): The Prime Minister, Dr. Manmohan Singh, on Monday praising Finance Minister Pranab Mukherjee said the Union Budget meets all the challenges that the economy faces today including sustaining high growth rates.

He said that adequate provisions have been made for infrastructure and social sector as well as agricultural development.

“It is important to curb inflationary expectation and for this it is necessary to consolidate fiscal deficit. Pranab Mukherjee has done a commendable job on this front,” said Dr. Singh.

“The budget signals that the government is reform oriented. The Finance Minister has talked about plans to bring in legislation like one on insurance and pension fund regulation,” he added.

Commenting on the black money issue, Dr. Singh said that it has to be dealt in a holistic manner. (ANI)

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