When finance ministry officials begin their pre-Budget meetings with various central departments and ministries from today, their biggest challenge will be to identify and cut non-priority spending to meet the FY23 fiscal deficit target of 6.4 per cent of GDP. Meanwhile, the July-September quarter (second quarter, or Q2) of 2022-23 (FY23) could mark the end of the period of unprecedented rise in India Inc’s earnings in the aftermath of the pandemic. Read more on these in our top headlines.
Run-up to Budget 2023-24: Centre looks to cut non-priority expenditure
Run-up to Budget 2023-24: Centre looks to cut non-priority expenditure
When finance ministry officials begin their pre-Budget meetings with various central