It is now just a week to the Union Budget and this time it will grab more attention for the model changes that the government has either announced or will ring in besides tackling the usual subjects of tax concessions and financial grants.
Telangana government today presented a tax-free budget for 2016-17, proposing a total expenditure of Rs 1,30,415.87 crore.
It has been a practise for some years to cut budgeted Plan expenditure at the revised estimate stage to keep a tab on burgeoning fiscal deficit.
The higher allocation is on account of the implementation of One Rank One Pension (OROP) and 7th Pay Commission
Jaitley said CPI inflation has fallen to 5.4 percent despite two years of monsoon shortfall. He also said GDP growth has risen to 7.6 percent during the NDA government's tenure
Even as Indian equities have looked slightly expensive on price-to-earnings basis, they are still cheap on a relative basis when compared to global markets and have further scope to expand, according to Credit Suisse India Equity Strategiest Neelkanth Mishra.
IDFC expects food subsidy increase to Rs 12,500 crore from Rs 11,500 crore in FY15, and fertilizer subsidy to decrease to Rs 55,000 crore from Rs 77,000 crore on the back of lower international prices
Union Budget is a non-event for the market and not worthy of the expectations that P Chidambaram might have stoked in his commentary in the past.
Brokerage house Kotak Securities has cut its forecast for FY13 GDP growth to 5.1 percent from 5.6 percent earlier, after the government on Wednesday estimated the figure at a decade-low of 5 percent
The government today proposed to increase the Plan expenditure for 2011-12 to Rs 4,41,546.75 crore, up 18.35% from the Budget estimates for the current fiscal.