Page 11 - Latest Updates on Budget estimates
A day after, bond yield closes flat at 6.16% amid liquidity surplus
Given the plan to borrow an additional Rs 4.2 trillion from the market, yields will show a tendency to move up. But, the huge liquidity in the system kept the rise in check, bond dealers said.
 "A day after, bond yield closes flat at 6.16% amid liquidity surplus")
Uncertainty looms over Rs 2.1-trn divestment target amid coronavirus spread
In its April Monetary Policy report last week, the Reserve Bank of India said the global economy is expected to go into recession after taking into account the impact of the Covid-19 pandemic
 "Uncertainty looms over Rs 2.1-trn divestment target amid coronavirus spread")
Govt unlikely to grant any package for industry to pay workers' salaries
"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.
 "Govt unlikely to grant any package for industry to pay workers' salaries")
Direct tax mop-up falls short by record Rs 1.45 trn of revised estimates
Official figures showed that the gross amount collected under direct taxes as of March 31 was Rs 12.11 trillion
 "Direct tax mop-up falls short by record Rs 1.45 trn of revised estimates")
States also flout Budget numbers discipline
More attention needs to be focused on state Budgets
 "States also flout Budget numbers discipline")
AGR dues paid by telcos to reflect in FY20 revenue receipts: Report
Officials said the amount was not much to have any bearing on the fiscal position
 "AGR dues paid by telcos to reflect in FY20 revenue receipts: Report")
Chhattisgarh's subsidy burden up by 41%, CM presents Rs 95,650 cr budget
Besides loan waivers, the state government had doled out a number of subsidy schemes last year. The bonus to farmers, reducing the electricity bill to half were a few
 "Chhattisgarh's subsidy burden up by 41%, CM presents Rs 95,650 cr budget")
Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn
Finance Minister Nirmala Sitharaman would move 'The Direct Tax Vivad Se Vishwas Bill, 2020, for consideration. Stay tuned for LIVE updates on Parliament session in the Lok Sabha and Rajya Sabha
 "Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn")
April-January fiscal deficit hits 128.5% of FY20 revised estimates
As a percentage of the Budget estimates of Rs 7.04 trillion, the fiscal deficit was a staggering 140 per cent
 "April-January fiscal deficit hits 128.5% of FY20 revised estimates")
Odisha tables revenue surplus budget with total outgo pegged at Rs 1.5 trn
Budget estimates fiscal deficit to be at 3.4%, within permissible limit of FRBM target
 "Odisha tables revenue surplus budget with total outgo pegged at Rs 1.5 trn")
Sabka Vishwas legacy dispute scheme may not add much to govt coffers
Govt faces uphill task of meeting indirect tax target despite scaling it down
 "Sabka Vishwas legacy dispute scheme may not add much to govt coffers")
Why govt may have to lower its FY20 tax revenue target a second time
For this financial year, the Budget has already slashed the net tax revenue figures by Rs 1.45 trillion in RE to Rs 15.04 trillion, down from Rs 16.49 trillion given in the BE in July 2019
 "Why govt may have to lower its FY20 tax revenue target a second time")
Budget 2020 subsidy burden looks benign due to off-budget borrowing
Fertiliser subsidy down, food subsidy up
 "Budget 2020 subsidy burden looks benign due to off-budget borrowing")
Budget 2020: Govt depts to create over 260,000 jobs between 2019 and 2021
The highest 79,353 jobs are estimated to be created in policing
 "Budget 2020: Govt depts to create over 260,000 jobs between 2019 and 2021")
Budget 2020: Space sector share up 8% to Rs 13,479 cr to develop space tech
In launch vehicles, Isro expects to fly its first small rocket with a carrying capacity of 500-700 kg in the next few months
 "Budget 2020: Space sector share up 8% to Rs 13,479 cr to develop space tech")
Budget 2020: Govt looks to increase turnover of GeM portal to Rs 3 trillion
The minister also proposed to provide about Rs 27,300 crore for development and promotion of industry and commerce for 2020-21
 "Budget 2020: Govt looks to increase turnover of GeM portal to Rs 3 trillion")
Apr-Dec fiscal deficit hits 132.4% of budgetary target, at Rs 9.31 trillion
The Central government's total expenditure stood at Rs 21.09 trillion (75.7 per cent of BE) while total receipts were Rs 11.77 trillion (56.6 per cent of BE)
 "Apr-Dec fiscal deficit hits 132.4% of budgetary target, at Rs 9.31 trillion")
FM Nirmala Sitharaman to present Budget 2020 in Parliament today
The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha
 "FM Nirmala Sitharaman to present Budget 2020 in Parliament today")
Budget 2020: SBI chairman Rajnish Kumar expects higher infra spending
I am expecting that the budget will be on reviving economic growth, says SBi Chairman Rajnish Kumar
 "Budget 2020: SBI chairman Rajnish Kumar expects higher infra spending")
Govt should lean on growth instead of focusing on fiscal deficit: CEA
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added
 "Govt should lean on growth instead of focusing on fiscal deficit: CEA")
