Budget 2015 News - Page 14

India's 2015/16 budget to assume growth of 8-plus pct - source

NEW DELHI (Reuters) - Revisions to India's economic output data mean that Finance Minister Arun Jaitley's upcoming budget should assume that the economy will grow by at least 8 percent in the 2015/16 fiscal year, a government source told Reuters on Tuesday. India has changed the way it measures economic activity to conform with international standards, resulting in huge upward revisions to growth figures but a small downward adjustment to the size of Asia's third-largest economy.

Don't want govt to live on borrowed money indefinitely, says Jaitley hinting at new spending cuts

The additionally hinted spending cuts would be over and above 10 per cent that the government has already announced to meet the budgeted 4.1 per cent fiscal deficit target.

Jaitley prepares bonanza for middle class, may increase I-T exemption to Rs 3 lakh

If the finance minister increases the exemption limit now, it is likely to boost the urban consumption