Budget Aims at Creating Enabling Atmosphere for All Sections

Presenting the Union Budget 2012-13 in the LokSabha , the Union Finance Minister ShriPranab Mukherjee has proposed to increase the duty-free baggage allowance for eligible passengers of Indian origin from Rs.25,000 to Rs. 35,000 and for children upto 10 years from Rs.12,000 to Rs.15,000. The baggage allowance was last revised in 2004.

The Finance Minister Shri Mukherjee said in his Budget Speech that the current year was a challenge for Indian economy but India has thrived under such challenges and will continue to do so. He said that the aim of his budget is to create an enabling atmosphere for corporates, farmers, entrepreneurs and workers to take initiatives for robust growth. He further said that the budget also aims to ensure that the benefits of growth reach all sections of population.