NEW DEUI. Mar 2 Both the left and the right-wing have flayed Indian Finance Minister Manmohan Singhs pro-reform budget, dashing his hopes list they would find no flaws in the fiscal package applauded by industry says an AFP report.

The communist party of India-Marxist (CP1-M), the largest leftist group, said in a statement that the budget was highly inflationary and repeated charges that it conformed to the dictates of Internationa] lending agencies.

Singh, who unveiled the fiscal 1993 94 budget in parliament on Saturday. floated the rupee, reduced customs tariffs and cut interest rates and excise duties In a bid lo boost economic growth.

Industry and the English language press welcome the budget as growth-oriented

But floating the rupee 'Implies that besides imports of capital goods, intermediates and components, crucial bulk imports like fertilisers and petroleum would now have to he imported at the free market rate," the Cll-M noted.