A faster growth projection may cause inflation concerns, say officials
Kishida, long known as a fiscal hawk, has been prioritising economic recovery from the Covid-19 crisis over long-term fiscal reforms since he took office in October
During pre-Budget consultations, industry bodies and economists have advised the finance minister to keep the spending tap open
Successive govts have appointed excellent economists, not because they wanted their advice, but because someone has to prepare the Survey and maybe speak on behalf of the government as a spokesperson.
Finance Minister Nirmala Sitharaman will hold a meeting with finance ministers of states on Thursday as part of customary pre-Budget consultations with various stakeholders.
The Budget must focus on the income effect by taking steps to put more money in the pockets of those who are still earning.
Government managers are not sure if subsidies can be kept in check in FY23 either
This is a move that has been hailed by economists and policy-watchers as it makes budgeting a more transparent process
The time has come to start questioning this target setting business. Since 2009 these targets for financial stability have become a joke everywhere.
Budget-makers are confident that the net tax collection's Budget target (direct plus indirect) of Rs 15.45 trillion will be exceeded
Sitharaman will chair pre-budget consultations with stakeholders from various sectors in two sessions in the national capital on Friday.
FM to meet economists on December 22 for pre-Budget consultations
Ministers of State for Finance Pankaj Chaudhary and Bhagwat Karad held the first pre-Budget consultations with representatives of agriculture and agro processing industry through virtual mode
He said India was also going to relaunch the FTA with Israel by March-April next year.
She will be seeking inputs from various stakeholders, including industry bodies, farmer organisations and economists for reviving consumption and boosting growth hit by the COVID-19 pandemic
To augment their resources, banks would be encouraged to raise funds from the market and also by selling their non-core assets, they added.
The proposal in the budget comes ahead of civic polls due next year
The Economic Survey sets the context in which the Union Budget is presented by the Finance Minister
The Finance Ministry has asked for suggestions on taxation from industries and trade bodies for Budget 2022-23, which is going to set the tone for growth of India's economy hit by the COVID pandemic
The financial statement for the scheme shows a negative balance of about Rs 8,800 crore, and nearly Rs 10,000 crore in pending wages