Yogi Adityanath govt had set aside Rs 7.19 lakh crore for 2023-24, but expects to spend Rs 6.32 lakh crore from total proposed amount by 31 March this year.
Budget deficit target is doable, increased capex is a positive & it takes a realistic, if political, view of disinvestment. But protectionism, rising debts, slashed subsidies are problems.
An ex-governor and two deputies of the RBI have argued that the time is not ideal for such an issuance because India runs quite a large budget deficit.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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