The combined fertiliser, food and petroleum subsidy budgeted estimate for FY19 is Rs 2.64 trillion, while the revised estimate is Rs 2.66 trillion. If the carrying forward to FY20 does not happen, the revised estimates for the major subsidies could actually cross Rs 3 trillion for the first time ever.
The economic logic - and political reasons - behind the giant shift of spending power to the states
The reductions will be applicable across Ford Figo, Ford Classic, Ford EcoSport, Ford Fiesta and the Ford Endeavour.
There is no doubt that agricultural gross domestic product may grow by 4.6 per cent this year.
He said the economy has 'clawed back' to 4.4 per cent in Q1, 4.8 per cent in Q2.
Even to the more jaded India hands inured to the tricks of the country's fiscal trade, an overwhelming element of jugaad - that desperate bid to somehow put the decades-old family Ambassador together for that one final ride - is apparent.
The vote-on-account is essentially a measure to seek Parliament's approval for government expenditure until the full Budget is presented.
While presenting the Interim Budget 2014-15, the Union Finance Minister P Chidambaram said that in the next three decades India will become the third largest economy behind US and China.
Excise duty cut for auto company is a great boon for the sectors, expert feels.
The turnover of public sector companies has increased from Rs 587,000 crore (Rs 5870 billion) in 2003-04 to Rs 10,87,000 crore (Rs 10870 billion) in 2007-08, Pranab Mukherjee said.
Total sale of vehicles across categories registered a growth of 13.22 per cent to 16,98,138 units in May 2014 as against 14,99,893 units in the same month a year ago, it added.
The Budget estimate of fiscal deficit for the next financial year has been underestimated by nearly 0.9 percentage point of Gross Domestic Product, or about Rs 51,000 crore. This is because the estimates for revenue collections in the Interim Budget for 2009-10 do not reflect the full impact of the duty concessions announced by the government since December 2008. The Budget estimate for fiscal deficit in 2009-10 put it at 5.5 per cent of GDP.
The government expects the expenses on tours of ministers and former Prime Ministers in the current fiscal to be Rs 3 lakh less than the total budget allocation, but still this would be more than Rs 160 crore (Rs 1.6 billion).
High inflationary expectations may lead to higher interest rates by end-FY10.
The people of the nation co-operated and patiently waited for the government's promised "ache din", and now they want their just rewards, says Adhil Shetty.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
Though not a blockbuster budget it does not undermine the fact that key issues were addressed and the finance minister certainly did not under-deliver, says Vatsal Srivastava.
23% increase for Highways: The allocation during the current year to the National Highways Authority of India (NHAI) for the National Highways Development Programme (NHDP) has been stepped up by 23 per cent over the 2008-09 (BE).
For a capital-scarce country like India, it is criminal if the government fails to manage its own expenses.
The interim Budget in May this year had extended the depreciation benefit on purchase of new commercial vehicles to September from March 2009. Industry executives said this should be extended as sales of large vehicles slumped 40 per cent in April and May this year. Sales of medium and heavy commercial vehicles had dipped 33 per cent in 2008-2009.
With an Interim Budget and an election victory behind him, and a full-year budget ahead, Mukherjee would presumably have lots on his mind, but understandably be coy of revealing much.
The price reduction across passenger vehicles is in the range of Rs 6,300 to Rs 69,000.
The Air Force will see its funding slashed, endangering its plan to buy 126 French Rafale medium multi-role combat aircraft.
Excise duty cut can halve current inventory in 2 months, with major manufacturers promising to pass on benefit.
The Bureau of Civil Aviation Security was allocated Rs 40 crore (Rs 400 million) for procurement of security and IT items along with radiological detection equipment.
The 50-share NSE index Nifty rose by 24.95 points, or 0.41 per cent, to settle at 6,073.30.
Budget is widely seen as a test of Prime Minister Narendra Modi.
Given the debilitating effects of the economic slowdown on various industry sectors and indeed on the nation's GDP growth, the government would have been well within its right to push through a populist budget under the garb of not letting the country's economy drift till such time as a new government is put in place after the general elections.
'We get an overzealous army of tax inspectors pushing the economy too hard,' says Ajay Shah.
A fiscal deficit of 6.8 per cent of GDP, up from 5.5 per cent postulated in February's Interim Budget, means an additional stimulus of nearly Rs 80,000 crore (Rs 800 billion).
Presenting the Railway Budget on Friday in the Parliament, Railway Minister Mamata Banerjee proposed an outlay of Rs 40,745 crore for 2009-2010, which is 2,840 crore more than the allocation proposed in the interim budget.
M Govinda Rao hopes the Budget will contain the deficit while continuing to create conditions for pushing growth.
The bench gave liberty to Sharad Pawar to move the poll panel for allocation of the party symbol and directed the poll panel to allot it in one week of the application.
The government's dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure on revenue collections.
Refraining from tinkering with tax and duty rates in the interim Budget, Finance Minister Pranab Mukherjee on Monday made a huge allocation of Rs 30,100 crore (Rs 301 billion) to government's flagship rural employment programme and many other schemes in a bid to counter the economic recession.
As part of its fiscal tightening measures, the finance ministry has asked all government departments not to seek any increase in their allocations for 2009-10 over and above what has already been provided for in the Interim Budget presented on February 16.
Jaitley, who was the finance minister before a medical procedure led to the charge being temporarily taken away from him, missed presenting the sixth and final Budget of the Narendra Modi government before the general elections. In his absence, the charge of the ministry was given to Railways Minister Piyush Goyal.
The gross domestic savings rate increased from 29.8 per cent in 2003-04 to 30.7 per cent in 2007-08. The tax to GDP ratio increased from 9.2 per cent 2003-04 to 4.5 per cent 2007-08, Pranab Mukherjee said.
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