Budget is widely seen as a test of Prime Minister Narendra Modi.
The decision in this regard, however, is expected to be taken by the new government.
If the presentation made by the Commission to the chief ministers is followed in letter and spirit, central sector and sponsored schemes will no longer be the domain of central ministries alone.
The original idea was to replace the existing schemes for scheduled castes and tribes.
Total subsidy bill could come down to around Rs 2 trillion.
Though not a blockbuster budget it does not undermine the fact that key issues were addressed and the finance minister certainly did not under-deliver, says Vatsal Srivastava.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
.jpg)
The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
Principal economic advisor, Ila Patnaik, is coordinating the work on Economic Survey 2013-14.
Hitting GDP growth of more than six per cent will require substantial foreign direct investment, especially if household savings largely continue to remain locked.
The new Insurance Bill may take little time to see light of teh day.
Indirect tax collections saw only a meagre 3.5 per cent growth, as mop-up from Customs fell sharply on account of a drop in imports.
Only nine of the airline's 370 daily flights were making profits.
.jpg)
The GDP numbers destroy any hopes of an economic rally prior to the elections, and the installation of a new government.
DEA officials to push for this at a meeting with FM Jaitley.
Politically, it will not be easy for Modi to take hard decisions such as raising fuel prices in the first budget, given the risk of higher inflation.
Many ministries couldn't use the allocated funds since it came into force, resulting in much-needed savings.
The CAD in 2012-13 was at 4.7 per cent of GDP and in 2013-14 it will only 1.7 per cent, the Finance Minister said.
The 15th Lok Sabha will go down in the history as the most disrupted in Independent India so far including the pepper spray incident which marked a new low in parliamentary conduct.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
The obvious temptation for Mr Jaitley would be to achieve a better fiscal deficit figure than what he had promised in July.
Prime Minister Singh has assigned a senior Congress leader to placate the President, who is upset with Finance Minister P Chidambaram, reports Anita Katyal.
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
The industry's reactions to the Budget have been mixed.
Union Minister Ravi Shankar Prasad has justified the Narendra Modi government's move to raise the rail fare by 14.2 per cent, saying it was a result of the policies undertaken by the previous United Progressive Alliance government. In an exclusive interview to CNN IBN, Prasad blamed the UPA II government for leaving Indian Railways in shambles, adding that his government never knew that the railways was bleeding, thanks to the Congress-led regime.
'It is the government's most important duty to ensure that when war breaks out, the armed forces are absolutely ready to face the adversary -- well equipped, well trained and in high spirits,' says Brigadier Gurmeet Kanwal (retd).
Till 2000, K N Govindacharya, former Rashtriya Swayamsevak Sangh pracharak, was considered the Bharatiya Janata party's chief ideologue. Govindacharya, who now heads the Rashtriya Swabhiman Andolan, which opposes anti-people policies of governments, tells Sahil Makkar and Archis Mohan the Narendra Modi-led government is still in the election mode.
The first 100 days of any government should be a period when it is allowed to get its act together, with no media pressure for faster, higher, says Indira Jayaraman.
Income will be higher as spectrum in 2,100-MHz band will also be auctioned
The allocation in the defence budget is inadequate to meet India's long-term threats, especially from China and Pakistan, says Gurmeet Kanwal.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
'Modi as the PM of the country has to take everybody on board and deliver on good governance. That is his responsibility. In that talking alone won't help, he's working.' Commerce Minister Dr Nirmala Sitharaman tells Sheela Bhatt/Rediff.com how the Modi government plans to change India.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances