Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
'We expect the new government to look into the issue of penalties imposed on technology firms involved in UID related projects.'
Prime Minister Narendra Modi announced the financial inclusion scheme in his first Independence Day speech last year.
The government's initial promise and energy seems to have dissipated.
'There is a great scope for enhancing the use of organic fertilisers'.
Only three percent of Indians pay income tax; our tax-GDP ratio is among the lowest in the world. This must change. Our elites must realise that India's poverty has damaging consequences for them, and that they can help decrease it. The food security bill, with all its limitations, will hopefully contribute to generating such awareness, says Praful Bidwai.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
With clouds of storm hovering over Parliament's budget session, President Pranab Mukherjee on Monday sought the "cooperation" of all MPs in the smooth conduct of legislative business but gave no indication of plans to bring changes in the controversial land acquisition ordinance.
Most expect the Budget to be path-breaking.
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