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A Billion Votes: Politics behind the Interim Budget 2014

Feb 17, 2014 07:30 PM IST Politics Politics
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In an election year, Finance Minister P Chidambaram presented an Interim Budget shorn of rhetoric and stuck to highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections, the Finance Minister tinkered with excise duty to make cars, two-wheelers and mobiles cheaper, announced the implementation of the long standing One Rank, One Pension for defence forces and expressed hope that the worst of the slowdown is over.