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during the first four months
of 2004-05. The Demands for Grants and the Annual Financial
Statement presented are, however, for the full financial year,
though, these could be revised, as is normal, at the time of
presentation of the regular Budget. I am also introducing a
Finance Bill, seeking to continue the existing tax structure for
the present.
2. Under the premiership of Shri Atal Bihari
Vajpayee, this is the seventh successive budget of the Government of the
National Democratic Alliance (NDA). On this occasion I share with the
country and the House a sense of great satisfaction at the robust
showing of our national economy, and also express our sincere gratitude
for the cooperation, support and encouragement that the people of India
have so consistently and so ungrudgingly given to the NDA and to its
Government. The country’s macro-economic situation is better
than it has ever been in the last fifty years. Internationally,
too, there is now much greater, and a much more widespread
recognition that India is progressing in all spheres of national
endeavour, that it has evolved into a stable economy, with
assured growth, and enhanced national prosperity.
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