Convention demands that the outgoing administration present an interim budget to secure Parliament’s approval for expenses until a new govt is in place. The rules also allow for the spending plan to be passed by Parliament’s lower house without any discussion.Watchers are waiting to see if PM Modi will betray convention and announce tax concessions.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2QTwSci
