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TN Budget pegs fiscal deficit at Rs 13,507 cr
The Tamil Nadu government presented an interim Budget with a marginal revenue surplus, while there were no new schemes, the fiscal deficit is projected at Rs 13,506.85 crore for the fiscal. A number of new schemes and developmental initiatives that were part of the election promises would cost Rs 8,900 crore, said O Pannerselvam, minister for finance. This includes additional subsidy of Rs 4,500 crore

TN plans to add 3,800 MW power capacity this year

The Tamil Nadu government is planning to add 3,800 MW of power in 2011-12 with an investment of Rs 22,800 crore, either under the state sector or through joint ventures. It is also planning to

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'Govt to borrow more than planned in interim budget'
Government borrowing in the first half of the current fiscal is expected to be higher than Rs 2,41,000 crore projected in the interim budget. "Central Government borrowing through dated securities was

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Withstanding the stimulus
The Interim Budget for 2009-10 announced on February 16 was dismissed by India Inc and the markets for its total lack of imaginative stimulating steps. Apparently stung by the reaction, the Finance Mi

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Interim Budget’s hidden text

The interim Budget presented by the acting Finance Minister, Pranab Mukherjee, has been roundly criticised for its lacklustre quality.

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Interim Budget a fine balancing act: PM

Prime Minister Manmohan Singh on Monday hailed the interim budget as a "fine balancing act", and said it would stimulate growth for the country in these difficult times.

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