The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of GDP but India Ratings sees it printing in at Rs 13.44 lakh crore or 7 per cent if the government cleared its payables and roll over some portion of expenditure to 2021-22.
After announcing a series of stimulus packages to buttress the economy, the finance minister has an opportunity to lay out a fiscal blueprint - paperless for the first time - to strengthen the distressed sectors and encourage the promising ones alike, keeping in mind the expectations of the common man as well.
After the economic downturn due to COVID-19, Finance Minister- Nirmala Sitharaman has raised many hopes for everyone before presenting the 2021 Budget, on February 1.
Ahead of the Union Budget presentation 2021-2022 on February 1, the Economic Survey 2020-21 will be presented in Parliament on January 29.
With the aim of doubling farmers' income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on February 1, according to sources.
Kerala FM Thomas Isaac commenced his Budget speech with quotes from a poem written by Sneha, a Class 7 student of Kuzhalmandam government school in Palakkad.
The Budget session of Parliament will commence from January 29, with Union Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1. The session will be held in two parts -- from January 29 to February 15 and March 8 to April 8.
The voluminous Budget documents will not be printed this year following the COVID-19 protocol and will instead be distributed electronically to the Members of Parliament (MPs).
The economy contracted by a historic 23.9 per cent in the first quarter of 2020-21 on account of the impact of the coronavirus pandemic.
Finance Minister Nirmala Sitharaman on Friday said that the government is seeking growth-inducing big ideas and inputs derived from introspection by industry, which would be used for creating a 'budget as never before'.
The prices of vegetable surge in Mumbai's market causing trouble to the locals.
The ongoing budget session of the Bihar legislative assembly has been cut short and there will be no sittings of the House after Monday, Speaker Vijay Kumar Chaudhary said.
India's annual inflation rate based on wholesale prices declined to 2.26 per cent in February from a rise of 3.10 per cent in January, official data showed on Monday.
The Telangana government on Sunday presented a tax-free budget for 2020-21, proposing an expenditure of over Rs 1,82,914 crore with major allocations made for farming, irrigation, social security pensions, rural and urban development among others.
The Telangana Legislative Assembly is expected to pass a resolution against the Citizenship Amendment Act (CAA) during the Budget session beginning on Friday.
During the second half of the Budget Session, the government is expected to push its legislative agenda that includes Bills relating to surrogacy and resolution of disputed tax. The Congress has accused the Central and Delhi governments of failing to contain the violence that erupted in parts of northeast Delhi.
The Nitish Kumar government on Tuesday presented a Rs 2.11 lakh crore budget for 2020-21 with special emphasis on education, health and infrastructure.
Bolstered by the Supreme Court's interim nod for the gazette notification of the Mahadayi Water Dispute Tribunal award by the Central government, Karnataka decided to allot funds for the drinking water project in the state's northwest region, an official said on Saturday.
Kate Elizabeth Forbes who is the Scottish National Party Member of the Scottish Parliament became the first woman to deliver the Scottish budget at very short notice.
Taking a jibe at PM Modi, Congress leader Rahul Gandhi posted an old video of Prime Minister exercising saying please try "your magical exercise routine a few more times" as it may just start the economy. His statement has come in the backdrop of Union Budget 2020 which according to Gandhi was hollow and lacked roadmap to revive economy.
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