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March 2013

Petrol and Diesel Prices : Why High In India?

Petrol and Diesel prices and their hikes are always a hot topic among people. It should be so too; the hike will  affect masses in more than one way including the indirect triggering of inflation. But, is hike in price of Petrol and Diesel under Government Control? Yes and No! India has …

Budget 2013 Summary

Budget 2013 Summary for a quick glance is given below. Finance minister P.Chidambaram presented a budget of 16.6 lakh crore ( L C) this year, which is the biggest budget presented so far. Total Income (Receipts) = 16.6 L Crore * To be met by deficit financing (borrowing) Total Expenditure = …