Page 3 - Latest Updates on Interim Budget
Student leaders say no talk of jobs in Budget, to march to Parliament
Students under various outfits will march from the historic Red Fort to Parliament on Thursday in protest
 "Student leaders say no talk of jobs in Budget, to march to Parliament")
Infrastructure woes
Redistributive schemes take their toll on allocation
 "Infrastructure woes")
Cash for farmers, tax relief to boost growth, but at fiscal cost: Moody's
Ongoing fiscal slippage from spending and tax cut proposals ahead of the election is credit negative for the sovereign, Moody's said
 "Cash for farmers, tax relief to boost growth, but at fiscal cost: Moody's")
Interim Budget falls short on a key promise made by Modi; creating jobs
With more than 90% of the labor force employed in the informal economy, the government has struggled to produce reliable data to get an accurate read on the level of joblessness in India
 "Interim Budget falls short on a key promise made by Modi; creating jobs")
'Interim Budget populist; elections remain biggest near-term trigger'
The Interim Budget is a typical election budget but it also shows continuation in the endeavor of the government to improve the income level of lower sections of population, Aggarwal says.
 "'Interim Budget populist; elections remain biggest near-term trigger'")
Navy and Air Force modernise, Army remains mired in high personnel costs
Budget allocations barely diverge from a simple formula: Give the army 60 per cent, the air force 24 per cent and the remaining 16 per cent to the navy
 "Navy and Air Force modernise, Army remains mired in high personnel costs")
Key aspect of job data is quality of employment: Krishnamurthy Subramanian
Do remember that GST collections are higher towards the end of the year
 "Key aspect of job data is quality of employment: Krishnamurthy Subramanian")
Why PM Modi seems to have given up on hopes of transforming India
Modi's promise of a new political economy, one oriented around the private sector, productivity and growth was illusory
 "Why PM Modi seems to have given up on hopes of transforming India")
Interim Budget reduces RBI rate cut possibility in February, say economists
High expenditure, fiscal deficit slippage point to inflationary tendencies
 "Interim Budget reduces RBI rate cut possibility in February, say economists")
An 'unconventional' interim Budget
Was Friday's Budget an act of constitutional impropriety, as the government's opponents have proclaimed, or was it justified, as its ministers insist?
 "An 'unconventional' interim Budget")
RBI may change stance; rate cut unlikely
If data supports, we could see a rate cut next financial year but that may not signal the beginning of a new cycle
 "RBI may change stance; rate cut unlikely")
The burden of subsidies
The trend rate of expenditure on subsidies in April-Nov 2018 indicates a higher spend than indicated in the revised estimates for 2018-19
 "The burden of subsidies")
Fiscal deficit to revenue target: Crunching the Budget numbers
With GST revenues coming well below expectations, the Centre failed to meet its budgeted fiscal deficit target yet again
 "Fiscal deficit to revenue target: Crunching the Budget numbers")
Focus on bond market after Interim Budget shows ballooning govt borrowing
The gross borrowings number also looks optically high because redemptions this year are also close to a trillion rupees higher than last year
 "Focus on bond market after Interim Budget shows ballooning govt borrowing")
Relaxed taxes on ready inventory may not help realty sector: Analysts
CRISIL Research believes that though the number of unsold inventory remains moderate to high in the metros, the share of ready-to-move properties is small
 "Relaxed taxes on ready inventory may not help realty sector: Analysts")
Greater slippage likely to raise questions over fiscal arithmetic for FY20
The interim Budget pegs collections from CGST for the full year at Rs 5.04 trillion
 "Greater slippage likely to raise questions over fiscal arithmetic for FY20")
Interim Budget 2019: Those in lower income tax brackets to benefit more
The finance minister has proposed a rebate for those who have a taxable income of up to Rs 5 lakh
 "Interim Budget 2019: Those in lower income tax brackets to benefit more")
In 30 minutes Lok Sabha clears Finance bill, 218 amendments without debate
The bills were the contentious Finance Bill, 2018, and the Appropriation Bill, 2018
 "In 30 minutes Lok Sabha clears Finance bill, 218 amendments without debate")
News Digest: Patel slams govt, Finance Bill passed in Lok Sabha, and more
The Lok Sabha on Wednesday passed the Finance Bill 2018, allowing the benefit of inflation adjustments to stocks that were unlisted till January 31 while levying long-term capital gains (LTCG) tax.
 "News Digest: Patel slams govt, Finance Bill passed in Lok Sabha, and more")
LS passes Finance Bill 2018; unlisted stocks to get indexation benefits
Finance Bill passed by Lok Sabha without debate; relief for start-ups, PPF holders
 "LS passes Finance Bill 2018; unlisted stocks to get indexation benefits")
