-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...
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Vote-on-account not to disappoint on fiscal deficit-Vrishti Beniwal
-The Business Standard Chidambaram may announce higher fund allocation for the social sector, with focus on education, food, women and rural masses In his last Budget speech as finance minister in the UPA-II government, P Chidambaram will have a lot to say on Monday but much of it is likely to be high on intent and low on content. Ahead of the Lok Sabha elections, interim Budget 2014-15 is likely to be...
More »Government to Borrow 25 Paise for Every Rupee
-Outlook For every rupee in government kitty, as much as one-fourth will come from market borrowing in 2014-15, lower than the current fiscal ending March 31. The government's dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure on revenue collections. As per the proposals presented today by Finance Minister P Chidambaram in the interim Budget, net borrowings of...
More »'Take care of small farmers'
-The Hindu TISS chief seeks parity in trade tariff KASARAGOD (Kerala): With neo-liberal economic values holding increasing sway in contemporary society, India should strive to ensure a level playing field among nations to safeguard interest of small-time business groups and farmers in the country, Director of Tata Institute of Social Sciences (TISS) S. Parasuraman has said. "If you are talking about level playing field for all nations, after having become part of the...
More »This farmer sees green shoots even on dry land -LN Revathy
-The Hindu Business Line Coimbatore (Tamil Nadu): A good number of farmers in Pappampatti belt of Coimbatore's Palladam taluk have given up vegetable cultivation - for which the area was once known for - because of the persistent dry spell and acute water shortage in that belt. However, one farmer - Balasubramaniam sees green shoots in agriculture in that belt, literally. He is a progressive farmer and mentor to many others in that...
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