The government is set to earmark about 1.8 lakh crore rupees for food subsidies next fiscal year
Meanwhile, the Reserve Bank of India's liquidity supportive stance also continues and the last tranche of OMOs for January is lined up for Thursday
We have fulfilled whatever we promised, he said
Jaitley will be minister without portfolio, the government announced days before it presents the interim budget on February 1
A big reason for the sharp increase was the shifting of expenditure on interest subvention on short-term credit from the ministry of finance to the allocation for agriculture and allied activities
Arun Jaitley undergoes surgery in the US, advised two weeks' rest
They expect the government to dole out some populist policies, especially for the rural / farm sector while presenting the interim budget
Addressing policy issues are important if India is to fulfill its commitment to the Paris Climate Agreement 2015 to install 175 giga watt (GW)
The review meeting will be his first major task in his second stint at the helm of affairs in the North Block, before he presents the interim Budget 2019-20 on February 1
In his maiden budget, then Finance Minister Arun Jaitley committed 8,500 km of highways during 2014-15 with a cumulative investment of Rs 37,880 crore in both national highways and state roads
The school education system in India is facing a shortage of trained teachers and a lack of proper infrastructure
In 1947, no income tax was payable on income up to Rs 2,500; seventy years later, in 2017, this figure rose 10x and became Rs 2.5 lakh
Despite subsidies being controlled, revenue expenditure has risen nearly as fast as capex; pressure lies ahead in provisioning for relief to farmers and some kind of basic income, writes T N Ninan
It is imperative to identify people who are too rich for dole and too poor to thrive; people who have neither economic security nor social security
Depending on the capital that Budget provides, individual allocation would be made
Under the broad rubric of gross tax revenue, direct tax collections have been pegged to rise from Rs 6.94 trillion (5.6 per cent of GDP) in FY15 to Rs 11.5 trillion (6.1 per cent of GDP) in FY19
There are no constitutional or legal barriers preventing the finance minister from proposing changes in tax laws, say experts
In view of the upcoming general elections, the agency said the focus of both the Centre and the state budgets will be on measures to address the farmers' woes
Also seek separate budget for R&D to fund projects of national interest in electronics and semiconductor domain, call for collaborative R&D among PSUs, SMEs and start-ups
All prime ministers before him have respected the tradition of treating the last budget before elections as just a way to keep the government going for a few months. Modi should too