The document is a newsletter providing updates on economics, companies, markets, and taxes. It includes the following key points: With only Rs. 35,000 crore budgeted for oil subsidies, food and fertilizer ministries may need to raise resources through bonds or banking arrangements. SEBI rejected Sahara's claim that it had refunded Rs. 24,000 crore to investors. The next government will need to raise taxes or find other revenue sources when presenting the full budget for 2014-15, as Plan expenditure is higher than projected. ITAT stayed a Rs. 3,700 crore tax demand against Vodafone and slammed ITAT for dismissing a CIT(A) order without considering case merits