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The United Progressive Alliance (UPA) government will present an Interim General Budget on February 16, according to a Parliament communiqu?. Railway Minister Lalu Prasad will present an Interim Railway Budget on February 13, the second day of the coming Parliament session. The session, scheduled as the last one of the 14th Lok Sabha, will begin on February 12 with the customary speech of President Pratibha […]

With Prime Minister Manmohan Singh recovering from his coronary bypass surgery, External Affairs Minister Pranab Mukherjee, currently in charge of the finance ministry, will present the interim budget on February 16. The prime minister is expected to attend the last Parliament session of the 14th Lok Sabha on February 26 ?09.

Given that the cost of credit needs to fall to boost confidence, the Reserve Bank of India may eventually cut interest rates. This could happen after the interim budget is approved, Suresh Tendulkar, Chairman of the Prime Minister’s Economic Advisory Council was quoted as saying. The RBI has cuts its key lending rate, the repo rate, by 350 basis points to 5.5% since October, but […]