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Maintaining growth while containing inflation and including populist measures to satisfy the voters during upcoming state Government elections in strategic states are some of the major challenges that Finance Minister Mr. Pranabh Mukherjee is facing ahead of the union budget 2011.
Inflation remains the utmost priority for the Minister as the nation is reeling under rising food price. There could be adjustments in the income tax slabs to give some relief to the middle income group.
Finance minister is also expected to include reforms related to Direct Tax Code (DTC) and Goods and Services Tax (GST) in the upcoming budget.
