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Union Finance Minister Pranab Mukharjee presented the union budget 2012-13 in the parliament on 16 March 2012. The minister in his budget speech, projected the economic growth for 2012-13 to be 7.6%.  The total tax receipts for fiscal year 2012-13 is estimated to be 1077612 crore rupees, the total budget expenditure is projected to be 1490925 crore rupees. Budgetary allocations for various sectors including education, health, agriculture, defense, has received…