With oil prices touching "rock bottom", there is an opportunity for countries to cut energy subsidies worth $2 trillion, International Monetary Fund's chief Christine Lagarde said.

Finance Minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the upcoming Budget while asserting that "structural changes" will have to be made to get the economy to 8-9 per cent growth.

Having set a world record with fastest roll-out of its financial inclusion scheme - Jan Dhan Yojana, the government expects its ambitious power sector programme to create more such records, including by making India the world's largest destination for renewable energy.