The ruling AIADMK will present its fourth budget on Thursday, with Finance Minister O. Panneerselvam scheduled to spell out the government’s initiatives for the year 2014-15.
Being the election year, the government is expected to spare the common man of new taxes, even as it had already expressed hope of a good growth rate despite global economic slowdown and failure of monsoon.
In fact, the government had presented a tax-free budget last year. Incidentally, this will be the fourth budget to be presented by Mr.Panneerselvam after Chief Minister Jayalalithaa led her party to a resounding win in the 2011 Assembly elections.
