BUDGET HIGHLIGHTS
* Govt plans to bring back economy to high growth of 9%
* GDP growth dipped to 6.7% in FY'09
* FM to make pre-budget talks with state FMs annual affair
* Fiscal deficit up from 2.7% to 6.8% of GDP
* Return to fiscal prudence at the earliest
* 'Aam admi' is focus of all programmes and schemes
* IT exemption limit raised; Rs15,000 for senior citizens
* Limit raised by...
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  • Taking Advice Seriously

    My friend had an interesting question for me the other day as I was grappling with this column deadline. He said, you have been writing for so long, but do people really take career advice seriously? His point was that opinions of experts are acceptable as long as they are convenient, but make sense only if they lead to a radical change in one’s life. So risking my editor’s rightful wrath, I...

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  • State of Accounts
    The government is expected to announce the Indian Government Accounting Standard (IGAS) which is likely to become mandatory from FY2010-2011. The IGAS is based on the International Public Sector Accounting Standards (IPSAS) issued by IPSAS Board which specifies the international framework for government accounting. Indian government departments do not use uniform accounting norms,...
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