As per practice a vote-on-account or approval for essential government spending for a limited period is taken in the election year and a full-fledged budget presented by the new government.
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
Indirect tax revenues rose marginally by 5.6 per cent in the April-October period to over Rs 2.85 lakh crore, mainly on account of increase in service tax and customs collections.
The government had breached its fiscal deficit target given in the Budget for 2017-18 in November itself, touching 112 per cent of the limit.
The government had set a budgetary target of over Rs 1.87 lakh crore for collection from customs duty in current fiscal
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
A summary of sports events and sports persons, who made news on Thursday.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
Govt targets 1 cr consumers to give up LPG subsidy.
IDS-2 and raids to uncover black money stash keep receipts flowing
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
Fiscal situation better but spending cuts likely in FY16 too.
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
The government had no option but to cut spending to meet its borrowing targets.
If oil prices rise, the government would face an uncomfortable political decision.
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
Total disputed liability of Mallya with respect to service tax to the tune of Rs 535 cr
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The GDP numbers destroy any hopes of an economic rally prior to the elections, and the installation of a new government.
Experts said the slowdown could be attributed to adjustments leading to destocking and the offering of discounts by companies as the government ushered in the new indirect taxation system on July 1.
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
The total debt of the government increased by 6.7 per cent in the second quarter ended September 2013.
The term of the Deputy Chairman and Members of the Commission is coterminous with that of the Prime Minister and all of them have resigned following the change of government last month after the general elections.
The Reserve Bank of India, in its Second Bi-Monthly Monetary Policy Statement for 2014-15, kept the key interest rate unchanged at 8 per cent.
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.
The Indian Railways has closed 2013-14 with a 15 per cent increase in revenue, rising to Rs 1,40,485 crore, compared to Rs 1,21,831 crore last year.
Backloading the government's borrowing programme suggests the finance ministry's confidence in better revenue numbers, says A K Bhattacharya.
So far, 38.38 lakh taxpayers accounting for 64.42 per cent of the total businesses, who had registered in July, filed returns.
Govt may further hike excise on petrol, diesel before Budget.
March requires 20% jump to meet year's goal; CBDT chief tells staff to sweat it out to meet target
With recent rate cuts, November collections could be even less
There are many collateral advantages of taking the tough decision.
The government should frame new policies to assure growth.
The new government may enhance the Plan expenditure for 2014-15 by around Rs 11,000 crore (Rs 110 billion) in the Budget next month, which would be about 2 per cent higher than what was provided in the previous fiscal budget.
The challenge before the government now is to use the factors that are favourable to its benefit.
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
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