P Chidambaram finalizes Interim Budget
Finance Minister P Chidambaram on Sunday finalised the Interim Budget or Vote On Account for fiscal 2014-15, which will be presented in Parliament tomorrow.
Chidambaram will be walking a tightrope when he presents an interim budget on Monday. It is expected that he might be doling out more funds to woo voters and tax cuts to support industry while projecting a lower fiscal deficit before elections.
Officials say Chidambaram is likely to make a last-ditch attempt to win back voters by announcing more funds for health, rural jobs, roads and food subsidies, and to speak about the government's achievements in the last 10 years.
Chidambaram will have slightly more maneuvering room after an auction of telecommunications spectrum which ended on Thursday brought in a much higher-than-expected 61000 crore in bids. The government will get at least 20000 crore upfront in the current fiscal year, with the rest spread out until 2026.
In an election year, India presents an interim budget to parliament for approval for planned expenditure for three to four months, but leaves the next government to take major policy steps in the full-year budget after the polls.
Chidambaram is expected to cut factory-gate duties on products like autos to support the manufacturing sector, extend an interest subsidy on bank loans to exporters, farmers, and offer tax concessions for poorer regions.
(Posted on 16-02-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
KERALA TRAVEL MAPS:
TRAVEL MAPS OF INDIA:
INDIA CITY MAPS: