Famous Union Budgets ..!
* The Union budget of 1973-74 was known as ‘Black Budget’
due to very high budget deficit.
* The Union budget of 1992-93 is known as ‘Epochal
Budget’ as it liberalized the economy and promoted foreign investments
in India. The peak import duties were cut from 300% to 50%.
* The Union budget of
1997-98 presented by Mr. P. Chidambaram is known as the ‘Dream Budget’.
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