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.
Banking services to be affected across India tomorrow as bank unions go on strike
Winter is coming: PUBG's Vikendi update goes live
Not just an accidental Prime Minister, I was also an accidental Finance Minister, says Manmohan Singh
TRAI chief slams misinformation, says new tariffs to make cable plans cheaper
Fintech companies hope to revive Aadhaar verification; seek govt help
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- Winter is coming: PUBG's Vikendi update goes live
India second most spam-plagued country in 2018: Trucaller
Elon Musk's Boring Co. unveils futuristic underground tunnel
Now Android users won't have to stop chatting on WhatsApp to watch videos
Czech cyber watchdog warns against using Huawei, ZTE products