This time the focus of the Rail Budget is on safety and passenger amenities so it was decided to extend the facility to all major urban and suburban stations.
In the given scenario, analysts say that the fiscal deficit could now rise to 3.5 per cent of the GDP and this slippage means that the expected target for the next fiscal – 3 per cent, will not be adhered to.
The GST Council is expected to simplify the process of registration, returns filing and claiming input tax credit (ITC) under the new indirect tax regime, as per reports.
Industry players are expecting rationalisation of the GST rates from the current 12 per cent to 6 per cent and bringing stamp duty under the ambit of GST.
Though analysts are opining that the government may relax the fiscal consolidation roadmap targets, Deutsche Bank says it may stick to curtailing the fiscal gap at 3 per cent.
The Narendra Modi government will present its last full budget on February 1 – the first after the implementation of the Goods and Services Tax (GST).
The Agriculture Ministry said in a statement here that it has held a quick deliberation on the growth rate for the sector to strategize on ensuring that 2017-18 sees a much higher growth rate.
As misplaced as Rahul Gandhi's claims of ‘moral victory’ may be, the narrow win for the BJP in Gujarat should come as a wake-up call for the Modi government ahead of Assembly elections in 2018.
At present, all deposits up to Rs 1 lakh are protected under the Deposit Insurance and Credit Guarantee Corporation Act that is sought to be repealed by the bill.
TCA Anant said that it was a conscious policy reform and the surprise about its impact on fiscal deficit was befuddling because the move had led to expenditure profile shifting towards beginning of the year with revenue profile remaining the same.
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