Latest news – India Raises Spending, Hikes Taxes onwealthy


India Raises Spending, Hikes Taxes onwealthy
BY ANANT VIJAY KALA AND ROMIT GUHA — Mukesh Jagota, Prasanta Sahu and Saptarishi Dutta contributed to this article.
The Wall Street Journal Europe
01 Mar 2013

NEW DELHI— India’s finance minister walked a tightrope on Thursday, raising social- welfare spending to please voters ahead of coming elections but reducing subsidies and increasing taxes— especially for the rich— to try to stave off threats of…read more…

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