New Delhi, Mar. 1.
India's frst wartime budget was presented to the Assembly yesterday.
It showed an increase of £6,292,000 in the Indian share of the defence expenditure on account of the war.
Defence estimates for 1940-41 amounted to £40,140,000.
The total revenue was estimated at £69,480000, against an estimated expenditure of &69442,000.
The Finance Minister, Sir Jeremy Raisman, in introducing the new budget, announced a 50 per cent. increase in the excise duty on sugar, 20 per cent, increase on the petrol tax. It is estimated that these two increases will produce £24,775,000.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.