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Leaving direct taxes untouched, Finance Minister P. Chidambaram today slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth. Read full text of the interim budget speech, 2014-15.

Revenue surplus is estimated at Rs 281 crore. Fiscal deficit is expected to be Rs 20,041 crore-- 2.92 per cent GSDP

Apparently Lok Sabha elections weighing on his mind, Karnataka Chief Minister Siddaramaiah today spared the common man of additional tax burden in budget 2014-15.

The Industrial and Investment Policy of Assam, 2014 that comes into effect from March 1 2014, has identified promotion of micro, small and medium enterprise (MSME) sector as its priority area and would be in place for a period of five years. Read the text.

The Asian Development Bank today signed a $200 million loan agreement with India to help rehabilitate people who were affected by floods and landslides in Uttarakhand last June.

The state government is planning to take up massive programme for urban infrastructure development to improve the living standards of low income groups and and their economic development.

The second phase of the Tamil Nadu Vision 2023 Document contains reports on the sector strategy approach and profiles of infrastructure projects proposed for implementation in the identified sectors.

Bihar economic survey 2013-14 presents objective assessment of the inclusive development journey of Bihar over the recent years. The state government has started publishing the annual economic survey since 2006-07. They record the impressive trajectory of the state’s economy, along with other relevant and valuable information.

Budget being a short-term and seasonal exercise is primarily an answer to the economic survey of the preceding year. Economic reforms and policies need not wait for the budget. Traditionally, budget should limit itself to reforms in revenue mobilization to avoid leakages in collection.

With ‘unsatisfactory’ growth, the industrial sector in Jammu and Kashmir is in constant decline leaving the state much behind the rest of India in industrialization says the Economic survey 2013-14 for Jammu and Kashmir prepared and released by the state government.

Focusing on the productivity of the agricultural sector to lift the incomes of smallholder farmers is one of the most direct routes to addressing rural poverty and India can raise farm yields by rebalancing investment and making targeted reforms in the agricultural sector says this new report by McKinsey Global Institute.

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