The revoking of the Most Favoured Nation to Pakistan is just the beginning of the pain for Pakistan. After decades of treating its dangerous neighbour with kid gloves, India is waking up to Chanakya's famous aphorism: \"The antidote of poison is poison, not nectar.\"

On the bright side, the Interim Budget puts more disposable income in the hands of the middle class, farmers and the workers in the unorganised sector and is expected to boost the economy with a spur in demand and consumption. 

At the end of its five year tenure, the BJP-led NDA government has pressed the 'populism' button, to remove any negativity the small and marginal farmers or the middle class have had from the government.

As per the existing norms for Tax Deducted at Source, or TDS, banks and post office are allowed a 10 per cent deduction if the interest earned from a savings account exceeds Rs 10,000 in a single financial year.

The Narendra Modi's last Budget before the General Elections focuses on salaried and middle class, farmers, and the poor.

This being the Modi government's last budget before the general elections in summer, speculation is rife that tax sops, new schemes and tax changes are in the offing

The buzz is that the government may give in to this demand in the upcoming budget, especially given its focus on healthcare.

The IL&FS group with a debt of over Rs 94,000 crore, has been defaulting on its financial obligations since August and has also borrowed from insurance companies.