New Delhi: India's ruling coalition will unveil an interim Budget on February 16 ahead of a yet to be announced General Election in April-May, a statement from Parliament said.
The Congress party-led United Progressive Alliance Government is expected to give an overview of the economy and highlight its economic achievements, and may announce fresh populist measures to woo voters ahead of the elections.
But analysts say a tight fiscal situation would likely restrict such moves.
The interim Budget may include some indirect tax changes, but is unlikely to contain direct tax proposals. The new government will announce a fresh budget for the 2009/10 fiscal year once it takes over.
The statement said the next session of Parliament would start on February 12 with the president's address and will end on February 26.
The interim Railway Budget would be unveiled on February 13.
Faced with a faltering economy, Indian authorities have slashed rates, cut duties and rolled out extra spending over the last four months to limit the negative impact of the global slowdown.
Comments
0 comment