The Bharatiya Janata Party (BJP) has recommended to Finance Minister Nirmala Sitharaman that the Union Budget should strive to shift the focus from macroeconomic parameters, such as reining in fiscal deficit and inflation, to “real problems” facing the economy.
The party has diagnosed that emphasis on meeting fiscal targets and controlling inflation needs to be overcome to spur growth.
It has suggested an inflation linked monetary policy. Interestingly, none of the stakeholders the BJP consulted demanded any reduction in direct income tax, neither has the party recommended any relaxation.
It has suggested an inflation linked monetary policy. Interestingly, none of the stakeholders the BJP consulted demanded any reduction in direct income tax, neither has the party recommended any relaxation.
Sources said not only the government currently faces resource constraint, but much has