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03-17-2012, 09:36 AM #1
Budget 2012: We'll have to bite subsidy bullet, says Manmohan
Backing the budget proposal for cutting subsidies to two per cent of the GDP, Prime Minister Manmohan Singh said on Friday that the government will have to bite the bullet and stressed on faster, inclusive growth of the economy.
Alluding to the subsidy cuts announced by Finance Minister Pranab Mukherjee while presenting the budget for 2012-13, Manmohan Singh said it was a task that would require the government to adjust the prices of petroleum and other relevant products.