Efficacy of fiscal deficit is limited by revenue deficit - the lower the latter, the bigger the space for capex
In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1
With economic growth at its lowest in over six years, and a long-lasting slowdown affecting demand and consumption, the FM and her men are looking to announce measures to boost growth and activity
Every plan scheme has been either terminated or just allowed the investment necessary to complete its targets, Ashok Lavasa said
Despite wanting to, the government has managed to spend very little on capital account
It would increase the focus on reducing the revenue deficit and enhancing capital spending
The government estimates fiscal deficit in 2016-17 to be Rs 5.33 lakh crore or 3.5% of GDP
Centre likely to switch to a more globally relevant system of classifying spending as revenue expenditure and capital expenditure
Union Finance Secretary Ratan Watal said the classification is losing its significance