Page 9 - Latest Updates on Budget estimates
Budget wishlist: Here are the key challenges in agriculture sector
Government needs to play a proactive role in enabling a business-as-a-service (BaaS) platform to promote innovation
 "Budget wishlist: Here are the key challenges in agriculture sector")
Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23
A faster growth projection may cause inflation concerns, say officials
 "Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23")
Budget 2022-23: FY23 capital expenditure target may top Rs 6.5 trillion
During pre-Budget consultations, industry bodies and economists have advised the finance minister to keep the spending tap open
 "Budget 2022-23: FY23 capital expenditure target may top Rs 6.5 trillion")
FY23 Budget wishlist: ACMA seeks uniform 18% GST for all auto components
Auto components industry body ACMA on Tuesday said it has urged the government for a uniform GST rate of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations.
 "FY23 Budget wishlist: ACMA seeks uniform 18% GST for all auto components")
Gross fixed capital formation: Advance estimates hopeful, say analysts
Most of capex brunt being borne by Centre, say analysts
 "Gross fixed capital formation: Advance estimates hopeful, say analysts")
Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22
Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot BE
 "Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22")
Direct tax mop-up crosses half of Budget Estimates at halfway point
Collection 28% higher over the same period in 2019-20, brightening economic recovery prospects
 "Direct tax mop-up crosses half of Budget Estimates at halfway point")
Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target
Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion
 "Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target")
Do not politicise GST Council: Finance Minister Nirmala Sitharaman
The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman
 "Do not politicise GST Council: Finance Minister Nirmala Sitharaman")
Divergence in revenue estimates due to early Budget or lack of discipline?
Provisional actuals of the Budget for 2020-21 have once again varied sharply from the revised estimates. The variation provides fiscal cushion, but also raises several questions
 "Divergence in revenue estimates due to early Budget or lack of discipline?")
Direct tax mop-up betters estimate for the first time in four years
With the payments of the last instalment on Monday, advance tax collection for FY21 was around 7 per cent higher than last year's
 "Direct tax mop-up betters estimate for the first time in four years")
Road to recovery
Hopeful signs in data, but medium-term outlook uncertain
 "Road to recovery")
Fiscal deficit hits Rs 12.34 trillion at end of January, shows data
The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)
 "Fiscal deficit hits Rs 12.34 trillion at end of January, shows data")
No cut in excise duty on petrol, diesel: FM Nirmala Sitharaman
Sitharaman ignored calls for a reduction in excise duty rates to help bring down prices from historic high levels.
 "No cut in excise duty on petrol, diesel: FM Nirmala Sitharaman")
Env ministry's outlay falls; vehicle scrapping policy to fight pollution
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution
 "Env ministry's outlay falls; vehicle scrapping policy to fight pollution")
Budget does not address inequities, bold for its fiscal stance: Economists
Economists called the budget 'bold'
 "Budget does not address inequities, bold for its fiscal stance: Economists")
Government slashes fiscal 2021-22 sports budget by Rs 230 crore
In the Union budget presented in Parliament on Monday, the Central government allocated Rs.2,596.14 crore to sports
 "Government slashes fiscal 2021-22 sports budget by Rs 230 crore")
Budget: Dept of Space allocated Rs 13,949 cr after a steep cut last year
Out of the allocated funds Rs 8,228 crore have been earmarked for capital expenditure
 "Budget: Dept of Space allocated Rs 13,949 cr after a steep cut last year")
Govt to launch Jal Jeevan Mission for tap water connections in urban areas
Finance Minister Nirmala Sitharaman on Monday announced that the Jal Jeevan Mission (urban) will be launched
 "Govt to launch Jal Jeevan Mission for tap water connections in urban areas")
Capital outlay should support a higher pace of GDP expansion in FY22
The fiscal deficit of the government of India has increased sharply to 9.5 per cent of GDP in the Revised Estimates for FY21, relative to the budgeted target of 3.5 per cent
 "Capital outlay should support a higher pace of GDP expansion in FY22")
