The fiance minister also said the RBI will get regulation authority of housing finance sector
She said a number of steps would be taken in consultation with the RBI and Sebi to deepen the corporate bond market
She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20
The finance minister also said the government will create a payment platform for MSMEs for payment of bills
The Eco Survey analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves ahead of Union Budget 2019
Government emissaries had met a spectrum of foreign investors in the past couple of months to figure out ways to draw in more capital into the economy
Around 60% of economists, 21 of 37, who answered an additional question about the focus of the budget said it would be more on fiscal expansion than prudence
The pre-Budget survey 2019-20 conducted by KPMG (India) included responses from 226 respondents spanning across industries
The government, experts say, is likely to continue with the off-budget route for carrying out infra-related spending
The fifth Budget will be fundamentally different from previous ones and will be quite unique
Instead it may well have a lot for economists and analysts to mull over.
Govt mulls gradual switchover to the January-December financial year
He highlighted that after many years no Vote on Account was taken this particular year
After the submission, Arun Jaitley will take a call on whether to break the 92-year old tradition of presenting a separate Rail Budget
But getting advance estimates of GDP will be a challenge
The proposal for a change in the budget presentation date was first mooted by some of the govt's senior most bureaucrats
Also on the anvil is abolition of distinction between Plan and non-Plan expenditure and replacing it with capital and revenue expenditure