An interview with Amit Mitra, the finance minister of West Bengal.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
The ripples from November 8 may be seen in next year's state budgets.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
FinCom prescribes scrapping of effective revenue deficit.
The government has at last commenced important structural reforms.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
India is set for decent growth in 2015.
Finance minister tries to put house in order before reforms are unveiled in February.
We have brought about a slew of reforms that would help improve governance and also facilitate industrial growth, Rajasthan Chief Minister Vasundhara Raje tells Sahil Makkar.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
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