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Finance minister P Chidambaram may be tightening his grip over government finances to reign in fiscal deficit but he could be more than generous in granting Rs. 200 crore fillip for UPA's image building in the crucial election year. Chetan Chauhan reports.
To woo the middle class with an eye on the 2014 general elections, the UPA govt is expected in the coming Union budget to unveil tax-free savings instruments to channelise household funds into large infrastructure projects. Anupama Airy
and Mahua Venkatesh
Seeking cooperation of allsections ahead of Parliament session, Prime Minister Manmohan Singh on Thursday said "credible action" is needed from all to ensure that the country is least affected by the "formidable challenges" posed by the global economic slowdown.
Notwithstanding the ongoing periodic hikes in petrol and diesel prices, a steep hike in auto fuel prices may come your way if the proposal to hike road cess in the upcoming budget is implemented by finance minister P Chidambaram.
Just like individuals and households, governments cannot always meet its expenses from its income, and ends up having to borrow. A look at various components of government borrowings.