The extra borrowing implies Jaitley will have extra spending space in the Union Budget for FY19, the last full one before the 2019 general election
The economists who signed the letter included Jean Drze , Abhijit Banerjee, Ajit Ranade, Jayati Ghosh, Kirit Parikh, Mihir Shah, Rohini Pande, and Vijay Joshi
BJP's reversals in rural Gujarat has prompted many policy watchers to predict that the Budget would have incentives for the agriculture sector and the rural economy.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Foreign Trade Policy: More incentives for exports, focus on ease of trading
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
With recent rate cuts, November collections could be even less
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
Provided talks on the matter are fruitful, the dividend payout will made during the current RBI financial year ending June 30, 2018.
'There were lots of functionalities the Group of Ministers asked us to incorporate.'
Some measures announced in Indradhanush -- a 7-point Modi plan to revamp State-owned banks but not completed -- may be taken up again.
The case relates roughly to assessment years 2000-01 to 2002-03 and 2004-05 to 2007-08
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
The deficit for the first five months of the year stood at 96 per cent of the full-year target of Rs 5.46 lakh crore despite cut in capital expenditure in August.
P P Chaudhary the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies.
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations