Good attempt at providing fiscal stimulus

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FM likely to present budget for 'aam aadmi'

: leave a sour taste in the mouth of players in the equity market.In providing the fiscal stimulus, the finance ministry hasn’t compromised on fiscal consolidation and the process is likely to remain on track in FY09 as well with the fiscal deficit expected to inch lower to Rs1.33 trillion taking the fiscal deficit to GDP ratio to 2.5%, much lower than the FRBM target of 3% earlier set for 2008-09.Although the budget refrains from taking any major initiatives to carry the reform process forward, a good attempt has been made to provide fiscal stimulus to the economy.