The army, a large part of which is deployed on the border with traditional foe Pakistan, has been seeking everything from assault rifles to surveillance drones and body armour
Expectations are high from the Budget, given that Prime Minister Narendra Modi came back to power following a bigger mandate than his first term
On July 5, Sitharaman makes her first major public appearance in her new role, presenting India's budget at a time when she's under pressure to spend more to reinvigorate the economy
In January-March, annual growth slumped to 5.8%, the slowest pace in 20 quarters. Growth for the financial year that ended in March was 6.8%, also a five-year low
Credit inclusion for MSMEs is a critical imperative to enable growth and job creation in India, said Alok Mittal, CEO and Co-founder of Indifi Technologies
Restoring the finance ministry's credibility requires more than ensuring that the fiscal deficit numbers are believable
There's growing expectations that the government will do an accounting sleight of hand to keep its deficit in check: borrow via state-owned firms and issue special bonds
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
There are two more difficult challenges that Nirmala Sitharaman faces in her debut Budget later this week
The government is planning to amend the Banking Regulation Act to give more teeth to the central bank
Nirmala Sitharaman's tricky fiscal balancing act comes from the need to expand last-mile welfare measures at a time when growth isn't exactly booming
Raising personal income-tax threshold not advisable as few pay taxes
Subramanian has called previously for increasing the deficit, only to be rebutted by Raghuram Rajan who argues that India should keep its power dry in case the weakening world economy tips into a rece
Lower revenue collection, in turn, puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
What is the Union Budget? When will Budget 2019 be presented? How is it prepared? Read to know all about the Union Budget of India.
MF industry wish list also features clarity on segregated toxic assets
While there has been an upsurge in activities in asset classes such as commercial, warehousing and retail, the residential market has largely seen a flattish trend
The government needs to attack on the front foot by easing liquidity conditions and bringing in needed regulatory changes to aid job creation, said Bhupinder Singh, CEO and founder, InCred
PSB privatisation is a bold idea and for a government that embraced demonetisation, it could be a cakewalk