Arun Jaitley on Friday said he would defer the move.
The government on Wednesday said it will borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by the coronavirus pandemic. According to the Budget 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore in the financial year beginning April 1. "In the Budget, we had announced that there would be a gross borrowing of Rs 12.05 lakh crore and net borrowing of Rs 9.37 lakh crore. "In the first half of 2021-22, we would be borrowing Rs 7.24 lakh crore, which is 60.06 per cent of the gross issuances," economic affairs secretary Tarun Bajaj said. He said the government would issue 2-year, 5-year, 10-year, 14-year, 30-year, and 40-year securities.
There are a few factors that can spoil the party
The GST bill is stuck in the Rajya Sabha where the ruling NDA govt does not have a majority as well as stiff opposition by the Congress
Market experts believe the retreat is because of uncertainty.
Tamil Nadu Chief Minister M K Stalin on Thursday said he has requested Prime Minister Narendra Modi to provide additional doses of COVID-19 vaccine to the state.
The current draft of the Goods and Services Tax could kill any hope of economic revival - and you should blame the Congress if it rolls over and lets it pass, says Mihir S Sharma.
Investors will keenly watch US Fed meet starting Tuesday
Perhaps the calculation is that economic recovery will have been achieved before the next general election comes around, but such assumptions can come unstuck if current directions are not reversed quickly, cautions T N Ninan.
Sensex to hit record high in 2015, but analysts cut forecast
As the Narendra Modi government nears completing a year in office, the Congress on Wednesday stepped up its offensive against the prime minister accusing him of weakening democracy by running a "one-man show" while scoring maximum on "arrogance" and minimum on governance.
The second half of the budget session of Parliament, beginning on Monday, is all set to be a stormy affair with opposition parties closing ranks over the imposition of Presidents' rule in Uttarakhand.
Managing your money in January will set the trend for rest of the year, says Adhil Shetty.
'Even before the outbreak of the flu, it had become clear that the tax revenue numbers for 2019-2020 were overestimated,' observes A K Bhattacharya.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
The government is banking on help from regional parties and rejigged numbers in the Rajya Sabha.
For the sake of transparency, and to reduce undesirable bond market volatility, clarity on these would be welcome, preferably before the budgets for the next fiscal year get finalised, says Neelkanth Mishra.
Preparing legal framework to protect states from revenue loss.
'If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.'
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
Sensex closed the day 416 points higher.
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
The NSE Nifty also moved up by 12 points to 8,648.35.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
The finance minister said the economy had been slowing.
The government on Friday lowered its economic growth forecast.
The government, he said, has implemented 'bold reforms'.
Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.
Finance Minister Arun Jaitley presented the Union Budget.
The boom in organised retail will set the tone for major economic overhaul. The ripple effect will be improved supply chains, volume output, integration into global commerce, and higher tax collection, notes T N Ninan.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Here's a quick guide to navigating and ordering from global websites.
India is not so worried about meeting fiscal deficit target.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
The bills were passed by voice vote.
Arun Jaitley is on a 10-day trip to the US.
The near term will be challenging, as most will struggle to adapt to the new regime.
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
The report cautioned that low capacity utilisation and stressed balance sheets of banks and businesses will prevent a strong investment revival in the short term.
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