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This document aims to analyse the budget announcements in a few areas such as external borrowings/debt, allocations (and misses) for strengthening the public banking, steps taken to address the key issues like non-performing assets, privatisation, and policy directions and allocations in infrastructure and energy sectors. While the document limits its scope to these areas/sectors, we do believe that this is truly a ‘budget like never before’ that alienates itself from the portentous reality faced by the country and its citizens and their demands.

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