Just a day after the Budget 2007-08, Finance Minister P Chidambaram asked the industry to 'hold the price line to contain inflation' on Thursday.
The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.
Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi will inaugurate country's first all-women Bharatiya Mahila Bank in Mumbai on November 19, the birth anniversary of former Prime Minister Indira Gandhi.
The 13th Finance Commission had last year set a capital expenditure-to-GDP target of 4.5 per cent by FY15.
The mere increase of Rs 10,000 crore (Rs 100 billion) over the last year's budgeting with a nominal hike in capital spending will not suffice to accomplish this vital objective of national security.
The Reserve Bank on Saturday promised to ensure adequate liquidity in the economy so that productive sectors are not hampered and starved of funds for investment.
Finance Minister P Chidambaram on Wednesday exempted bonds from the new transaction tax and reduced the levy on day traders and arbitrageurs from 0.15 per cent to 0.1 per cent.
Divestment also was not covered. One would have expected divestment to be a major instrument for raising fund for various projects, as was the case in the last 3-4 budgets but we did not see it at all.
Net tax receipts for the first three months of 2013 touched Rs 1.02 trillion.
In his tax proposals he announced that there will be no change in the rates of personal income tax. He further announced that there will be no new taxes on income.
Ahead of the next year's budget, finance minister P Chidambaram on Wednesday hinted at "bold reforms" and said government was "cautiously optimistic" in meeting the financial targets for 2004-05.
In the run-up to the Union Budget, expected to be presented on July 10, this paints a grim picture for Finance Minister Arun Jaitley.
There will be some populist announcements in Budget.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
India's fiscal deficit during the 2012/13 fiscal year ending March fell to 4.9 per cent of the country's gross domestic product, compared with 5.8 percent a year ago.
Minimal tax at the lower level may be ten\n>per cent. But that should start at Rs 500,000 and there should be no tax between Rs 100,000-Rs 500,000.
The Congress party will have an elected president by June 2021, with the party's working committee on Friday approving holding the internal election after the assembly polls.
In his interim budget on February 17, Finance Minister P Chidambaram said the fiscal deficit would not cross 4.6 per cent of GDP, revising an earlier target of 4.8 per cent.
FinCom prescribes scrapping of effective revenue deficit.
Finance Minister P Chidambaram on Thursday hinted at more changes in tax structure and phasing out of subsidies for textile sector while promising measures to facilitate additional investment
Survey likely to be tabled in July by the new government.
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
Chidambaram said there was no tension between the finance ministry and the Reserve Bank of India.
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
Terming Kelkar panel's proposals as "radical", Finance Minister P Chidambaram on Saturday said a comprehensive tax reform will be implemented in the next Budget after a consensus from all sections.
Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles.
The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday's trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
Gandhi added the minimum income guarantee would be implemented across the country.
