Union Budget 2013-2014 Highlights, Updates, Breaking News, Details has been provided here. For years, the union budget is the most awaited event of the year not only for the government but also for people at large. Interestingly, as globalisation brings people closer to each other, the significance of the budget especially for Non-Resident Indians (NRIs) has also increased.
With the west going through a phase of raising taxes, India would be ill advised to copy the west, given that the ground reality for the Indian citizen is very different. It could also lose out to SIngapore and Dubai with much lower tax rates.
In a bold reforms decision , the government partially deregulated diesel price allowing a hike of 40-50 paise a litre per month for retail customers and nearly Rs 11 for bulk consumers, a step that is feared will have a cascading effect on inflation.
It will be most important budget for upcoming General Election of India 2014. There will be most important ministry which are given here.
Food Processing Industries
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