|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Finance Minister P. Chidambaram could defy history if he presents a largely austere 2013/14 budget on February 28, ahead of general elections next year.
A Standard Chartered analysis shows that since the 1990s, spending invariably rises in the two years leading up to a general election.
For example, the government during 1991-96 cut average real expenditure by an annualised 4 percent in the first two years of its term, but raised it by 3.6 percent in the final three years, Stanchart says.