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Finance Minister P. Chidambaram played Robin Hood in Thursday’s budget, imposing new taxes on the rich and giving breaks to taxpayers with lower incomes.
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Three states in northeast India – Tripura, Meghalaya, and Nagaland – have voted in favor of the status quo, with ruling parties holding on to power.
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Finance Minister P. Chidambaram left everybody scratching their heads when he announced that the budget would earmark only 100 billion rupees ($1.8 billion) to provide food grains at throwaway prices
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Nitish Kumar, the chief minister of Bihar state and senior leader of the opposition Janata Dal (United), Thursday was all praise for the federal budget unveiled by Finance Minister P. Chidambaram.
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In pictures, an overview of key proposals from the 2013 federal budget.
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A woman enrolls for the Unique Identification (UID) program in Rajasthan.
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Smokers in India will have to pay significantly more for their cigarettes from April onwards.
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Economists had mixed views on P. Chidambaram’s budget, giving high marks for his commitment to reduce the fiscal deficit but raising doubts about his tax revenue assumptions.
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