New Delhi:
Finance Minister P Chidambaram on Monday presented the interim budget for the fiscal year 2014-15 to cover expenditure until the government's term ends in May. The biggest highlight of Mr Chidambaram's speech was the announcement on fiscal deficit. The finance minister said the government will curtail its 2013-14 fiscal deficit to 4.6 per cent of GDP, lower than the red line at 4.8 per cent he drew in the last budget. India's fiscal deficit will come down to 3 per cent of GDP by 2016-17, Mr Chidambaram added.
Prime Minister Manmohan Singh
Kiran Mazumdar Shaw, Biocon chief
Prakash Javadekar, BJP Spokesperson
Jaswant Singh, senior BJP leader
Mayawati, BSP chief
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