16th February saw the unveiling of the much awaited Interim Budget presented by the outgoing UPA government. An interim budget which basically comprises of temporary fiscal guidelines given by the outgoing government for the proper…

On February 17, Monday, India had her 952,231 crore interim Budget for the fiscal year ending 2009 with little smile and wide disappointments. Mainly because the expectations of some …

Desperate times call for desperate measures. As the world is grappled by a slowdown, there is not a single economy which has escaped. India is no exception to this. The announcement of the interim budget was preceded by a huge pile of expectations…

Claiming to fulfil the needs of the common man as per the Common Minimum Programme, Pranab Mukherjee announced the interim budget in the Parliament on 16th February 2009. This was established by a quantum hike in the National Rural…

With the Indian General Elections just a few weeks away and the end of the financial year approaching, Mr. Pranab Mukherjee, the Interim Finance Minister of India presented the budget for 2009-2010,…

After much speculation, the interim budget was released on the February 16, 2009, and did lead to a lot of hue and cry. We have read about it all over the papers and it has been quoted by the experts as a lost opportunity to alleviate the current…

A government budget is a legal document that is often passed by the legislature and approved by the chief executive. It consists of two basic elements i.e. revenues and expenses. In the case of the government, revenues are derived primarily from taxes…

Given the recent Global Financial Meltdown and its impact on the Indian economy, a great deal was expected from the budget 2009-2010. However, as Pranab Mukherjee presented the interim budget on the morning of February 16, 2009,…

A budget by definition refers to all planned revenue and expenses. Therefore, the foremost purpose of a budget is to forecast and enable a plan to face the forecast. The budget is by principle, the most …