Union Finance Minister P Chidambaram presented his fifth Budget in Parliament on Friday (29-feb-2008). Following are the highlights of the union budget of India, 2008-2009.
Highlights of Budget 2008-2009:
* Modifications in IT slab. Edge of exemption for all Income Tax assesses increased from 1, 10,000 to 1, 50,000.
* The latest tax slabs will be – [...]

Finance Minister P Chidambaram on Friday said keeping inflation rate low, not high growth, was a priority for the government.
His statement comes amid fear that a possible recession in the US can affect economies of developing countries, including India.the finance minister was confident that the US economy would not move towards recession and would [...]

The Union Budget 2008-09 is expected to be presented on February 29, this being a leap year.
The three-month long Budget session is likely to begin on February 25, government sources said.
Finance Minister P Chidambaram has already started pre-budget consultations with various experts.
Government is likely to raise the tax exemption limit from Rs 1.1 lakh [...]

India Inc on Tuesday made a strong pitch for an across-the-board reduction in personal tax rates to attain a 10% GDP growth rate. Industry captains told finance minister P Chidambaram at a pre-Budget meeting that excise duty on manufacturing should also be slashed to 14% from the current 16%.
With direct tax collections continuing to [...]

Finance minister P. Chidambaram will kick off his formal pre-budget deliberations today, ahead of what will be the fifth general budget of the Congress-led United Progressive Alliance (UPA) government and his seventh as the Union finance minister.
The Union Budget that will be presented by Finance Minister Palaniappan Chidambaram in late February may well be [...]

The Union Budget 2008-2009  will be release  on Feb 2008 .The Union Budget for a given year gives details of expenditures planned by the government and expected revenues from the government’s tax machinery to finance them.here some information about budget india is given here.
The Indian constitution is a two chambered Parliament. All Government expenditures [...]