All eyes will be on the Fianance Minister P Chidambaram when he rises to address the Budget Session in the Parliament, tomorrow.
With a reasonably 'ok' railway budget delivered by Raliway Minister Lalu Prasad Yadav last week, expectations coming true, may be taken with a pinch of salt, for now!
What with booming economy (8 to 8.5 percent growth forecast), and world bodies like World Bank and international rating agencies rallying strongly behind India, the world's largest 'working' democracy (even US Prez said so!) the budget will surely reflect all this in the making, and rather Chidambaram will oblige to do all that.
Taking stock of the situation today, fiscal health seems very sound albeit certain industry and social sectors not coming to roost the health, as they say.
Maintaining fiscal discipline has and will be seen as the most difficult task to perform even as Government's FY07 gross borrowing stand to climb a gargantuan figure of Rs1.51 trillion.
Domestic savings rate have declined turning depositors away from public sector banks, while NSC and PPF rates have come down over the years.
PF rates have held but only for this year, however, FM will be generous enough not to be at the receiving end from the Government's left allies and a large bank of Govenrment employees.
Thus, even economists feel that rates in case of Provident Fund, postal savings will remain untouched.
Infrastructure finance may get some special attention from P Chidambaram as Banks, FIs will be the main players in this act.
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