Rate Modi's budget-pass or fail?

Finance Minister Arun Jaitley presents the Narendra Modi government's first budget. Here are the highlights:
1. Two years of sub-five per cent growth has led to challenges to the economy
2. Green shoots of recovery seen in global economy
3. Slow decision making has resulted in loss of opportunity

4. We look forward lower level of inflation
5. Will usher in policy regime that will usher in higher growth, low inflation
6. Aim to achieve 7-8 per cent economic growth rate in next 3-4 years
7. Will leave no stone unturned to create a vibrant India
8. Budget proposes Plan expenditure of Rs 5,75,000 crore for current ficsal
9. Anti-poverty programmes will be targeted well.
10. We need to revive growth particularly in manufacturing sector and infrastructure
11. There is urgent need to generate more resources
12. Should we allow economy to suffer because of indecisiveness and populism
13. Task before us is challenging
14: We must continue to be watchful of CAD
15. Target of 4.1 per cent fiscal deficit is daunting but accepting it as a challenge
16. Finance Minister emphasizes on fiscal prudence, need to generate more resources.
17. Iraq crisis having impact on oil prices
18. We must address the problem of black money fully
19. We must take bold steps to enhance economic activity
20. Expenditure Management Commission will be constituted to look at expenditure reforms


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