As a percentage of the Budget estimates of Rs 7.04 trillion, the fiscal deficit was a staggering 140 per cent
Budget estimates fiscal deficit to be at 3.4%, within permissible limit of FRBM target
For this financial year, the Budget has already slashed the net tax revenue figures by Rs 1.45 trillion in RE to Rs 15.04 trillion, down from Rs 16.49 trillion given in the BE in July 2019
The highest 79,353 jobs are estimated to be created in policing
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period
The total budgeted expenditure of the central government for 2019-20 is Rs 27.86 trillion.
Here are the list of demands from Sitharaman and her budget team across various sectors of the economy
The government has asked all departments to restrict the expenses to 25 per cent of the Budget Estimate (BE) in January-March
The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered.
Thakur also listed out the steps taken by the government to boost economic activities.
Though the figure seemed alarming, it was bit lower than 95.3 per cent in the corresponding period of 2018-19
FinMin is said to have shared assessment with 15th FC
Subdued revenues, corporation tax rate cuts may widen deficit
The CGA data showed that revenue receipts of the government during April-June, 2019-20 was 14.4 per cent of the Budget Estimate
The finance minister's revenue efforts represent a mix of progressive taxation, dipping into the petroleum sector for collecting more taxes and growing protectionism
The underspending was most for Telangana (27 per cent) and Assam (25 per cent)