The Bill could be introduced in Lok Sabha very soon.
The finance minister may stagger some of the recommendations.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
While number of commitments inched up in 2015, its value slipped 23% to 11-year low.
It is possible that the final Budget architecture may be at variance with the comments.
FinMin officials say an announcement could be made in the Budget.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
The panel's recommendations will be aimed at making a predictable and non-adversarial tax regime in the economy.
Budget may bring exemption for those backed by Indian securities other than shares
Changes in threshold not to have a significant revenue impact, say officials
Capex for next year expected to be up 25% to Rs 3 lakh crore
The Lok Sabha has already passed the Bill.
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
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