The accompanying chart shows that it has come down from 4.5 percent of GDP in 2013-14 to a budgeted 3.4 percent for 2019-20.
The shortfall in FY19 revised estimates means that the projected numbers for FY20 will also need to be revised downwards
There is a clamour for a fiscal push by the government, given the slowdown in the economy. The regular Budget for FY20 will tell us whether the date of achieving the target will be pushed back further.
Top taxpayers will be hosted by either the prime minister or the finance minister.
The new finance minister has her hands full as a number of pressing problems await to be solved, in order for economic growth to recover
A team player with his own efficient team
The tax proposals are aimed at helping 'poor and middle class people living on tight budget', Goyal said while moving the Finance Bill which contains tax proposals of the government.
In this episode of Managing Money with Moneycontrol, Gautam Nayak decodes the budget announcements and explains how homebuyers and investors can benefit from them
Finance Minister Piyush Goyal, in his annual budget for FY20 tabled in parliament last week, estimated to get Rs 82,911 crore rupees through dividend from banks, financial institutions and the Reserve Bank of India next financial year.
At 0.75% of GDP, this may not do much, but it’s still better than a loan waiver
Despite the FM’s statement that India will lead the ‘transportation drive’ at the forefront with ‘electric vehicles’, the Budget did not do much by way of specific measures.
Key positive was capping the overall fiscal deficit at 3.4 percent (in FY19 and FY20) despite generous spending
Everybody who heard the speech knows that towards the end Goyal talked of a poet of Maharashtrian origin who wrote in Hindi
As per the budget document tabled in Parliament on February 3, the revised expenditure (RE) for the textile ministry has been pegged at Rs 6,943.26 crore during 2018-19.
From single window clearance for Indian filmmakers for shooting in India to introduction of anti-camcording provisions in the Cinematograph Act to control the menace of piracy, Budget 2019 had a lot in store for the entertainment sector.
Watch the video to know whether debt funds are a risky investment, how the markets reacted to the Interim Budget and more.
The Finance Minister said the Government was trying to reduce GST burden on homebuyers, but the jury is still out on what the GoM may come up with as its recommendations.
The minister said the Congress "should not shed crocodile tears... for farmers"
AI is also making healthcare more accessible and affordable
he announced tax sops for the middle class. One of the biggest announcement was the doubling of income tax exemption limit to Rs 5 lakh
Finance Minister Piyush Goyal announced numerous schemes and tax benefits for farmers and salaried persons.
Goyal said while the government has been "prudent" on financial expenditure, the capital expenditure "needs greater thrust"
The interim FM Piyush Goyal presented a budget which was fiscally balanced, focus on rural spending, bonanza for middle-class, and had something for real estate & MSME segments
Post the budget, 10-year bond yield spiked to 7.6 percent as the immediate implication of the budget on the economic front is - higher market borrowings by the government.
We take a look at the stocks which were the biggest gainers and losers on Budget day.