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Friday, March 1, 2013

P. Chidambaram does good economics

Union Finance Minister P. Chidambaram
Sticking to his promise that the last full Budget of UPA-2 would not be populist, Union finance minister P. Chidambaram on Thursday went for fiscal consolidation and raised taxes on the super-rich in an attempt to shore up revenue. However, the relief for the super-rich is that the proposed surcharge of 10 per cent imposed on earning over `1 crore will be for only one year.

Continue Reading Story Deccan Chronicle English Newspaper