The Interim budget for 2014 was presented on 17 February 2014 by Minister of Finance Mr. Chidambaram.
The main highlights of the Interim budget 2014
- GDP growth expected at 4.9 percent
- No modifications to the income tax rates
- Reduction in indirect taxes on cars and mobile phones
- Bonds of 500billion Rupees on plan for Buyback / switch
The interim budget is presented since the tenure of existing government will be over in May. The new government is expected to present the budget for 2014-2015 during the month of July.