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Budget 2014 Despite fiscal deficit worries, govt may hike plan expenditure by Rs 11,000 cr

Jun 30, 2014

Budget 2014 Despite fiscal deficit worries, govt may hike plan expenditure by Rs 11,000 cr

A senior official said that there is little scope to increase the Plan spending over the last budget as government is required to keep the fiscal deficit in check. #India #Arun Jaitley #Budget #Plan Expenditure #Budget 2014 #Sector Watch
Budget takeaways Super rich tax to continue, no changes in direct tax

Feb 17, 2014

Budget takeaways Super rich tax to continue, no changes in direct tax

The 10 percent additional surcharge on income tax for those earning above Rs 1 crore -- the "super-rich" tax -- has been extended from FY14 to FY15. This was announced as a one-year charge in last year's budget but now it is not. #UPA #P. Chidambaram #fiscal deficit #planned expenditure #Budget2014
Finmin's cost cutting drive No more free booze for banks at board meetings

Jan 17, 2014

Finmin's cost cutting drive No more free booze for banks at board meetings

The UPA government is planning a major cost-cutting drive with an aim to cut wasteful as well as planned expenditure in order to attain a lower FY14 fiscal deficit of 4.5 percent of GDP against the targeted 4.8 percent. #Banks #finance ministry #IOC #Divestment #planned expenditure #wastefull expenditure
Chidambaram has got a Rs 2,22,000 cr problem

Jan 04, 2014

Chidambaram has got a Rs 2,22,000 cr problem

To put things in perspective the average fiscal deficit of Rs 63,695 crore that the government has run in the first eight months of the year is 7.7 times the fiscal deficit of Rs 8,235 crore that it needs to run over the period of December 2013 to March 2014, in order to meet the target. #UPA #P. Chidambaram #fiscal deficit #planned expenditure
Plan expenditure may be axed to rein in fiscal deficit at 4.8%

Sep 01, 2013

Plan expenditure may be axed to rein in fiscal deficit at 4.8%

Planning Commission deputy chairman Montek Singh Ahluwalia on Saturday said that the government is looking to trim plan expenditure this year to ensure that fiscal deficit is reined in at 4.8% of GDP.The move may, however, pull down GDP growth, which fell to a four-year low of 4.4 percent in the quarter ended June 2013. #Montek Singh Ahluwalia #fiscal deficit #Chidambaram #Plan Expenditure