What the Budget does to revive demand will determine if the economy can shrug off slowdown and regain momentum.
So, at least for me, the way I would look at it is that before the Budget, we were actually looking at 3.3 per cent for this year and 3 per cent for next year
India is relatively better than some other markets exposed to stuff like tourism, says Saion Mukherjee
Budget speech should have been fact-checked
There are 13 unions in LIC, and employees and officers affiliated to 11 unions were on protest
In July presenting her maiden Budget, Sitharaman had spoken for 2 hours 17 minutes
Clearly the government is pinning its hope very highly on the mega success of the spectrum auction
Mention of clean air in the Budget indicates that some sort of priority is accorded to it
Tourism bodies say Indians spending Rs 9,000 cr abroad abroad due to poor domestic infra, which cannot be improved with this allocation
The retail inflation that for several months remained in the comfort zone of the central bank has started inching up and crossed the 7 per cent mark during December 2019
The new income tax regime is modelled on the task force's recommendations
But receipts from firms stand at a whopping Rs 1.33 trillion for FY21
Budget continues the backward slide on trade
An evaluation of 13,000 MSMEs using the CRISIL Quantix database shows that working capital comprises over half of their need for debt
15 entities owe the government about Rs 1.47 trillion in past dues -- Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost
She further said that many people have been speculating that the fiscal deficit would cross 4%
Power ministry has been planning it for two years, but with limited success
He further said if the government will be able to achieve disinvestment target of 2020-21 then the Budget will be very successful
He said the Budget gives an option to individuals to migrate to a new regime by foregoing their existing exemptions and deductions for a lower tax rate