Page 12 - Latest Updates on Budget estimates
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
 "Fiscal deficit hits 132% of estimate till Dec on slow revenue collection")
GST, VAT collection dips as 6 states' tax revenue till November FY20 falls
On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period
 "GST, VAT collection dips as 6 states' tax revenue till November FY20 falls")
Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee
India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016
 "Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee")
Govt's fiscal woes likely to climb as gross spending to rise by 20%: Report
The total budgeted expenditure of the central government for 2019-20 is Rs 27.86 trillion.
 "Govt's fiscal woes likely to climb as gross spending to rise by 20%: Report")
Budget expectations, earnings, coronavirus to drive stock market this week
On the macro front, US Q4 GDP and India's fiscal deficit data would be released
 "Budget expectations, earnings, coronavirus to drive stock market this week")
What various sectors of the economy wants from Budget 2020?
Here are the list of demands from Sitharaman and her budget team across various sectors of the economy
 "What various sectors of the economy wants from Budget 2020?")
Budget 2020: Expect Bharatmala allocation to rise to Rs 1.01-trn, says ICRA
Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.
 "Budget 2020: Expect Bharatmala allocation to rise to Rs 1.01-trn, says ICRA")
What action did Modi government take on promises in its 2019-20 budget?
Business Standard presents its action taken report (ATR) on key announcements in the FY20 Budget
 "What action did Modi government take on promises in its 2019-20 budget?")
Govt cuts expenditure limit for March quarter as revenue collection falls
The government has asked all departments to restrict the expenses to 25 per cent of the Budget Estimate (BE) in January-March
Central GST collection falls short of budget estimate by 40% during Apr-Nov
The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered.
 "Central GST collection falls short of budget estimate by 40% during Apr-Nov")
Govt has no plans to revise fiscal deficit target, says MoS Finance Thakur
Thakur also listed out the steps taken by the government to boost economic activities.
 "Govt has no plans to revise fiscal deficit target, says MoS Finance Thakur")
Low tax revenue, high spend push H1 fiscal deficit to 93% of FY20 target
Though the figure seemed alarming, it was bit lower than 95.3 per cent in the corresponding period of 2018-19
 "Low tax revenue, high spend push H1 fiscal deficit to 93% of FY20 target")
FY20 gross tax revenue likely to fall short by around Rs 2 trillion
FinMin is said to have shared assessment with 15th FC
 "FY20 gross tax revenue likely to fall short by around Rs 2 trillion")
August fiscal deficit hits 78.7% of FY20 target at Rs 5.5 trillion
Subdued revenues, corporation tax rate cuts may widen deficit
 "August fiscal deficit hits 78.7% of FY20 target at Rs 5.5 trillion")
Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate
The CGA data showed that revenue receipts of the government during April-June, 2019-20 was 14.4 per cent of the Budget Estimate
 "Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate")
Budget 2019: Fiscally responsible with a reforms thrust, but protectionist
The finance minister's revenue efforts represent a mix of progressive taxation, dipping into the petroleum sector for collecting more taxes and growing protectionism
 "Budget 2019: Fiscally responsible with a reforms thrust, but protectionist")
States spend lower than their budgeted estimates: PRS Legislative Research
The underspending was most for Telangana (27 per cent) and Assam (25 per cent)
 "States spend lower than their budgeted estimates: PRS Legislative Research")
