Accepting the challenge of maintaining the fiscal deficit at 4.1% for the financial year 2014-15, a budgetary framework has been cast - amendments made on the personal tax front reflect the overall objective of fiscal prudence.
The government has increased the limit from 26 per cent to 49 per cent under the government approval with continuity of control in Indian hands.
Business Today spoke to Vidyut Gulati, Partner, Amarchand Mangaldas, on steps she expects Finance Minister Arun Jaitley to take in the Budget.
The most pressing issue before the Finance Minister is the revival of investments and the economy.
The clear majority enjoyed by the new government has made the common man look up to the upcoming Budget in July with greater expectation.
The recent amendments to the indirect-tax laws have further added to the already unresolved challenges faced by the IT industry.
Muthoot Finance to acquire IDBI Bank's MF business for Rs 215 crore
Vajinath Gavarshetty joins DHFL as CEO; to report to RBI appointed administrator
Uddhav Thackeray to become new chief minister of Maharashtra, says Sharad Pawar
VVIP Chopper scam: Not going to run away if granted bail, Ratul Puri tells court
AGR crisis: Airtel files review petition in SC for interest fee, penalty waiver
Reliance Jio Prime vs Airtel, Vodafone, Idea 4G offers
Reliance Jio plans to bring 5G internet to your smartphones
Maruti Suzuki opens online booking for Baleno RS
India Inc to get 9.5 per cent salary hike this year
Five tips to get a good salary hike this year
Vivo U20 with triple rear camera launched in India: Check out price, availability, specifications
Twitter's new feature lets users hide abusive, hateful replies
Vivo U20 launch today: Check out expected price in India, camera, other specifications
Samsung Galaxy S11 certified with 5G, 25W fast charging in China
In this Kochi-based bank, robots recruit employees