Finance Minister Pranab Mukherjee had on February 28, 2011, proposed aggressive cuts in the fiscal deficit and a small increase in overall government spending for the fiscal year beginning April 1.
A glance at the UPA's Budgets since it came to power in 2004 shows an
upbeat start and grand plans, which eventually turned into unfulfi lled
promises and desperate efforts to collect more taxes.
Upset with your income tax exemption limit? Then how about going back to 1973-74, when the effective rate at the top was 97.5 per cent and there were 11 rate slabs?
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