Here are highlights of Indian Budget 2008 - 2009.

Budget 2008- 2009 India Highlights

The union budget is an important financial document for the next one year. The Union budget of India lays down guidelines and pronouncements on different types of taxes, financial allocations for various heads, and developmental plans for different sectors. Budget is also an important source of information on government finances i.e. which way that’s heading.

Every year before the budget is presented; there are expectations from people all over the country; industry and the masses alike. There are a few concerns and challenges such as inflationary pressure from food and oil, Slowdown in the growth rate of economy from the previous years and increasing fiscal pressure. The budget of 2008-09 has to be seen in the backdrop of the abovementioned concerns. Some of the key areas that may be addressed in the coming budget are:

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: