While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.
Here are the best of Business Standard's opinion pieces for Wednesday
This is in the wake of the economy facing headwinds on account of a second Covid wave
This is an interest-free 50-year loan for spending on capital projects.
With schemes like MGNREGA and cash support via PM-KISAN given priority in allocation from the remainder, govt is forced to dip into capital receipts from disinvestment and borrow from the market
Here's a selection of Business Standard opinion pieces for the day
With 9MFY21 volumes of approximately 159,130 MT, the management increased guidance for FY21 and expects to end FY21 with a sales volume of 215,000-220,000 MT
This will come as a boost for the government, seeking private sector capex
Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected
At 15.9%, capex share in total spend for FY22 will be the highest in over a decade
Taxes on individual incomes will now bring more revenue to the government than taxes on corporate profits
Budget has delivered a fairly effective boost on capex while bringing about some reforms in the financial sector
The government's planned capital expenditure for the current fiscal has been increased to Rs 4.39 trillion, as against the Budgeted Rs 4.12 trillion
Finance Minister Nirmala Sitharaman on Monday proposed to increase the capital expenditure to Rs 5.54 lakh crore in the financial year starting April 1, 2021
Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be a "economic vaccine" for the pandemic-battered economy.
If such capital expenditure was incurred as part of CSR in the past, the assets need to be transferred within six months.
Move in line with Centre's directive to increase expenditure for economic revival
In the fifth episode, we discuss about expenditure side of the Budget and look at sectors that have traditionally not been India's top expense areas but are now in the spotlight because of pandemic
Healthcare and education are some of the important sectors that are usually not given the attention they deserve in India’s Union Budgets. It has been so for many years. But the situation this time is different. At a time when the country – indeed, the entire world – is working to tide over a health crisis presented by the coronavirus pandemic, will Budget 2021 make a departure from the trend and place its expenditure focus on these sectors? In the fifth episode of ‘Beyond Budget Headlines with AKB’, Business Standard’s special video series in the run-up to Budget 2021, we discuss about the expenditure side of the Budget and look at sectors that have traditionally not been India's top expense areas but are now in the spotlight because of recent developments. The government needs to loosen its purse string in this pandemic Budget and spend more on the health sector, says our in-house policy expert A K Bhattacharya.
The first two quarters of FY21 saw a poor focus on capex from the states' side, data showed