While this will mean material deviation from the FRBM road map, we feel that a decisive and credible stance on near-term fiscal deficit and FRBM targets is the need of the hour
A consumption boost through continued pay-outs for another year to those at the bottom of the pyramid, and still more money for the employee guarantee scheme should be in order, writes T N Ninan
The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31
BUDGET SESSION 2021 LIVE UPDATES: Ahead of the Budget 2021, Parliament Session is set to begin today. Stay tuned for LIVE updates on Budget session of the Parliament
Government of India and Reserve Bank of India (RBI) together announced a total stimulus worth Rs 29.87 trillion, which is 15 per cent of national GDP, the Survey said
The govt's PLI scheme can aid job creation, according to the Survey, which has laid out 10 ideas towards achieving and sustaining a higher growth rate
India's economy, as per the Economic Survey, could contract 7.7 per cent in FY21, pulled down mainly by the Covid-19 pandemic and the ensuing nationwide lockdown to contain the spread of the disease
The Economic Survey 2020-21, authored by CEO K Subramanian, has pegged India's GDP contraction in FY21 at 7.7 per cent, and real GDP growth in FY22 at 11%. Hefre are both volumes of the document
Keeping in mind this decade, there should be discussions and presentation of different views this session, he said
PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward
The new findings were revealed in an online survey conducted by YouGov in which 1,015 people participated
While increasing public expenditure is key to revive the economy from the pandemic-induced slump, falling tax revenues mean Sitharaman will have thin resources
Given that the FM has already said that this will be extraordinary Budget, all eyes will be on how she allocates the resources to the most pressing needs of the present time
Did you know that the finance minister's Budget speech has no legal sanctity in India? Yes, there is no provision for the Budget speech under the Constitution of India or any law. It is in addition to what is provided under various laws. Technically, once the FM has presented the three key documents, the Budget exercise is over, says our in-house policy expert A K Bhattacharya in his special video series Beyond Budget Headlines with AKB, as he explains the important areas that we should focus on while listening to the finance minister's speech. Union Budget 2021-22 which will be presented on 1st February 2021 will be the first budget in the history of India in the paperless form. >
he Economic Survey is authored by Chief Economic Adviser (CEA) Krishnamurthy Subramanian and his team. In his first Survey in 2019, Subramanian had set an agenda of achieving 8% sustained GDP growth
A so-called Covid cess shouldn't be announced because the economy is still normalising after a strict and vast lockdown, Sonal Varma, an economist at Nomura Holdings, said on Thursday
Total spending plan for next fiscal may surpass last year's Rs 30.4 trn, with focus likely on expanding a jobs guarantee program to cities and increasing allocation on education, housing, and health
A combination of stepped-up social spending - including on long-neglected healthcare - and a state-led infrastructure push will make the recovery both durable and inclusive
This year's budget is due on Monday. All that Finance Minister Sitharaman has to do is to make a provision for the Cairn payment, an insignificant footnote in her $415 billion-plus expenditure plan
The sources said the government was also likely to project a tax revenue increase of 18-20%, aided by the lower base of the current year and an expected economic turnaround