Page 2 - Latest Updates on Interim Budget
Focus on bond market after Interim Budget shows ballooning govt borrowing
The gross borrowings number also looks optically high because redemptions this year are also close to a trillion rupees higher than last year
 "Focus on bond market after Interim Budget shows ballooning govt borrowing")
Fiscal deficit to revenue target: Crunching the Budget numbers
With GST revenues coming well below expectations, the Centre failed to meet its budgeted fiscal deficit target yet again
 "Fiscal deficit to revenue target: Crunching the Budget numbers")
The burden of subsidies
The trend rate of expenditure on subsidies in April-Nov 2018 indicates a higher spend than indicated in the revised estimates for 2018-19
 "The burden of subsidies")
RBI may change stance; rate cut unlikely
If data supports, we could see a rate cut next financial year but that may not signal the beginning of a new cycle
 "RBI may change stance; rate cut unlikely")
An 'unconventional' interim Budget
Was Friday's Budget an act of constitutional impropriety, as the government's opponents have proclaimed, or was it justified, as its ministers insist?
 "An 'unconventional' interim Budget")
Interim Budget reduces RBI rate cut possibility in February, say economists
High expenditure, fiscal deficit slippage point to inflationary tendencies
 "Interim Budget reduces RBI rate cut possibility in February, say economists")
Why PM Modi seems to have given up on hopes of transforming India
Modi's promise of a new political economy, one oriented around the private sector, productivity and growth was illusory
 "Why PM Modi seems to have given up on hopes of transforming India")
Key aspect of job data is quality of employment: Krishnamurthy Subramanian
Do remember that GST collections are higher towards the end of the year
 "Key aspect of job data is quality of employment: Krishnamurthy Subramanian")
Navy and Air Force modernise, Army remains mired in high personnel costs
Budget allocations barely diverge from a simple formula: Give the army 60 per cent, the air force 24 per cent and the remaining 16 per cent to the navy
 "Navy and Air Force modernise, Army remains mired in high personnel costs")
'Interim Budget populist; elections remain biggest near-term trigger'
The Interim Budget is a typical election budget but it also shows continuation in the endeavor of the government to improve the income level of lower sections of population, Aggarwal says.
 "'Interim Budget populist; elections remain biggest near-term trigger'")
Interim Budget falls short on a key promise made by Modi; creating jobs
With more than 90% of the labor force employed in the informal economy, the government has struggled to produce reliable data to get an accurate read on the level of joblessness in India
 "Interim Budget falls short on a key promise made by Modi; creating jobs")
Cash for farmers, tax relief to boost growth, but at fiscal cost: Moody's
Ongoing fiscal slippage from spending and tax cut proposals ahead of the election is credit negative for the sovereign, Moody's said
 "Cash for farmers, tax relief to boost growth, but at fiscal cost: Moody's")
Infrastructure woes
Redistributive schemes take their toll on allocation
 "Infrastructure woes")
No support for govt employees, taxpayers under PM-KISAN scheme for farmers
Announced in the Interim Budget, the scheme is supposed to provide an additional Rs 6,000 per annum income support to small and marginal farmers
 "No support for govt employees, taxpayers under PM-KISAN scheme for farmers")
Would have done 100 more things but for interim Budget: Piyush Goyal
Throughout the period, we have taken a series of measures for a better future for farmers, says Goyal
 "Would have done 100 more things but for interim Budget: Piyush Goyal")
We presented true figures in Budget, did not make adjustments: Piyush Goyal
Similarly, an adjustment of Rs 1,250 crore would have taken the FY20 fiscal deficit number to 3.3%, says Piysuh
Amid unemployment chorus, Budget claims over 379K new jobs in govt depts
Most of the recruitment was done by the Ministry of Railways, police forces and the direct and indirect tax departments
 "Amid unemployment chorus, Budget claims over 379K new jobs in govt depts")
LS passes Interim Budget; allocation for farmers not small, says Goyal
Goyal also refuted the criticism that the government has presented a full Budget in an election year, saying "we have not announced any new scheme for the next year's Budget.
No tax liability if your income is up to Rs 9.5 lakh, but conditions apply
Standard deduction has also been raised from Rs 40,000 to Rs 50,000, besides a host of tax benefits to home buyers
 "No tax liability if your income is up to Rs 9.5 lakh, but conditions apply")
India needs fewer but stronger, mega banks: FM Jaitley after RBI meet
RBI Governor Shaktikanta Das said the central bank will discuss the issue of transmission of rate cut with bank heads
 "India needs fewer but stronger, mega banks: FM Jaitley after RBI meet")
