Pranab Mukherjee

Finance Minister : Pranab Mukherjee
Budget Year : 2011

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Pranab Mukherjee

Pranab Mukherjee was the former Finance Minister of India and leader of the current (15th) Lok Sabha.  Pranab Mukherjee’s first stint as the Finance minister of India was during the Indira Gandhi government in 1982. He presented his first annual budget in 1982-83. In the second government of Manmohan Singh, he again became the Finance Minister of India, a job he had held earlier, in the 1980s. On July 6, 2009, he presented the government’s annual budget. In it, he announced many tax reforms, such as the scrapping of the ‘irritant’ Fringe Benefit Tax, and the Commodities Transaction Tax. He announced, that the Finance Ministry, was well on track, to implement the Goods and Services Tax, a tax, that has been praised by major corporate executives, and economists. He also expanded funding for social sector schemes, like the National Rural Employment Guarantee Act, girl’s literacy, and health care. Also, he expanded infrastructure programmes, like the National Highway Development Programme, expansion of electricity coverage, and the Jawaharlal Nehru National Urban Renewal Mission. However, many people, expressed concern, about the rising fiscal deficit, the highest since 1991. He presented the 2009 Union budget of India as well as 2010 Union budget of India and the 2011 budget.

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