Finance minister Pranab Mukherjee has done well to dilute the General Anti-Avoidance Rule (Gaar) and other proposals in the Budget that threatened to bring back the dreaded licence raj. But the move to defer Gaar by one more year probably means that it will be buried. The next Budget will be this administration's last full Budget before general elections in 2014. It is expected to be stocked with handouts and goodies.