Make Rs 3.78 Lakh Income Totally Tax-Free: Survey

The “middle class” feels that the Government must make annual income of Rs 3.78 lakh totally tax-free since Rs 31,500 is needed for an average quality of life for a family of four people.   This was one of the key findings of a nationwide, pre-budget survey done by C-Voter. Finance Minister Arun Jaitley will … Continued

Budget 2014: The Dope On Who Gets How Much

So, as you saw from the countdown, the Finance Ministry, Defence Ministry and the Ministry of Consumer Affairs, Food and Public Distribution take the lion’s share of the allocation pie in the vote-on-account presented by the Finance Minister. Here’s a look at the top ten ministries by allocation and their expenditures over the last five … Continued

Budget 2014: The Dope On Who Gets How Much

The Ministry of Finance gets the maximum allocation of Rs 6,36,923.09 crore in the interim Budget 2014-15 presented by Finance Minister P  Chidambaram today. The finance ministry had the maximum allocation last year.   The Ministry of Defence got the second highest allocation (Rs 2,79,202.87 crore) followed by the Ministry of Consumer Affairs, Food and … Continued

Fiscal Deficit To Be Reduced to 4.1% of GDP In FY15

  Finance Minister P Chidambaram set a fiscal deficit target of 4.1% of GDP for 2014-15 while presenting the vote-on-account in Parliament today, and added that the deficit could be contained at 4.6% of GDP in 2013-14.   Chidambaram said: “Let me begin with the good news. Fiscal deficit for 2013-14 will be contained at … Continued