Page 31 - Arup Roychoudhury

Pace of revenue expenditure slows as fiscal deficit target looms

Finance Minister Arun Jaitley has said the fiscal deficit target of 3.3 per cent of gross domestic product (GDP) will be met without any cut in capital expenditure

Interim Budget 2019: Middle class cheer likely; I-T exemption cap may go up

The interim Budget will be presented on February 1. Finance Minister Arun Jaitley, who is in New York for a medical check-up, will be back by the end of January and is expected to present it

Interim Budget 2019: Rs 25k-cr petroleum subsidies may be carried over

This comes even as it is under pressure to meet a challenging fiscal deficit target of no more than 3.3% of GDP for 2018-19

Interim Budget 2019 to be decided by economic realities, says Jaitley

Finance minister slams Opposition parties, calls them 'Nawabs of Negativity' and 'Compulsive Contrarians'

Interim Budget 2019: Piyush Goyal back as FM, to present Budget on Feb 1

Arun Jaitley undergoes surgery in the US, advised two weeks' rest

Jaitley flies to US for medical check-up, to be back before Budget on Feb 1

India needs strong leadership, not coalition, writes FM in a blog

Centre's divestment target for FY20 to likely be around Rs 80,000 crore

The much-anticipated sale of Air India, and its subsidiaries, in this fiscal did not attract a single bid

FM Jaitley likely to return on Jan 25; Budget on schedule: Govt officials

Jaitley went on leave at a time when Budget preparations are at their business end

Interim Budget 2019: FM has cheap crude oil to thank for his fiscal record

Carrying over of subsidies and expenditure cuts also helped

Govt may fall short of Rs 2.45-trn non-tax revenue target despite RBI funds

The biggest pressure point is from telecommunications revenue, which has been targeted at Rs 48,661 cr for the current year

Govt revenue will take Rs 1-trillion hit due to GST rate cuts: Jaitley

Jaitley gave these numbers in his latest blog, titled "How the Poor and the Middle Class Benefitted Most from the Modi Government Policies?"

CAG raps govt for off-budget financing for capex, subsidy deferment

Says mechanism being used to defer fertiliser arrears, food subsidy bills and outstanding dues of FCI through borrowings, which stand outside the purview of Parliamentary oversight

Direct tax collection shortfall worry likely to add fiscal deficit woes

Officials have admitted that there could be a combined shortfall of Rs 70,000 crore-1 trillion on GST, though the centre's own GST shortfall will not be more than Rs 29,000-30,000 crore

Liquidity infusion will not be 'easy money': RBI Governor Shaktikanta Das

Das did not rule out the central bank paying interim dividend to the government, but said no decision had been taken yet on the amount to be given

Advance GDP estimate at 7.2% gives little relief to fiscal deficit pressure

Fiscal deficit at 3.3 per cent of GDP now comes at Rs 6.28 trillion compared to what was projected at Rs 6.24 trillion in the Budget Estimates

Govt asking RBI for at least Rs 23,100 cr interim dividend before 31 March

Last month Economic Affairs Secretary Subhash Garg said the government will ask the central bank for an interim dividend

Govt to infuse Rs 830 bn into PSBs, seeks Parliament's nod for Rs 410 bn

The infusion is aimed at helping better-performing banks under prompt corrective action (PCA) to come out of this category

Trusted old hand Shaktikanta Das named RBI governor ahead of board meeting

Crucial board meeting to take place as scheduled for December 18

PM Modi got into action on Monday evening to choose next RBI governor

While the buzz on a bureaucrat getting the top seat at Mint Road grew louder, Surjit Bhalla's exit from the Prime Minister's Economic Advisory Council changed the direction of the narrative

The challenge of counsel

The book bears the former CEA's distinctive writing style - conversational, long sentences - with which we are familiar from his eminently readable Economic Surveys