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.
The fiscal gains from implementing the GST and demonetisation, while almost certain to occur, will probably take time to be fully realised
After missing several deadlines, only 11 states could introduce the plan
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
Mukherjee could not implement nine of the promises he made in his Budget for 2009-10 and most of these pertained to significant areas of the economy.
In absolute terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 6.12 lakh crore during April-November 2017-18
A coordination panel comprising senior leaders of the ruling Maha Vikas Aghadi alliance in Maharashtra will look into various aspects of the National Population Register (NPR), Chief Minister Uddhav Thackeray said in Mumbai on Tuesday. Addressing the media in Vidhan Bhavan in south Mumbai, where the budget session of the state legislature is underway, Thackeray said, "Responsible leaders of the three parties will be part of it (coordination committee on NPR)." "I won't let anyone snatch the rights of any citizens of Maharashtra. I am very clear on this," he said, when asked about differences in the ruling alliance over the implementation of NPR in the state.
'Neither farmers nor farm labourers will benefit from these jumla announcements of the finance minister'
Sitharaman further said that to mitigate genuine difficulties of start-ups and their investors, government has decided to withdraw angel tax provisions for them.
If eight states could join the VAT system much after the rollout date and after seeing how it works, why can't the same apply to states opposed to the farm laws, asks A K Bhattacharya.
The government has to take difficult decisions in the budget, which can include cutting subsidies to curb expenditure on items like fertilisers and also upping revenues.
Drawing continuous flak from the Supreme Court for not implementing the Lodha Committee recommendations, Board of Control for Cricket in India president Anurag Thakur on Monday said the state units are currently confused about some of the suggestions and need more clarity before complying.
