Acting Finance minister Pranab Mukherjee today said the government will provide interest rate subsidy to farmers in 2009-2010. He said tax rates must fall in times of crisis. The 2008/09 revised estimate of tax collection is pegged at 6.28 trillion rupees. 2008/09 revised estimate of extra non-plan spending is pegged at 1.1 trillion rupees
The 2008/09 revised estimate of spending is pegged at 9.9 trillion rupees.
Mukherjee said the pay hike of government employees will support domestic demand.
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