DMK govt accuses Centre of withholding funds, tightening borrowing, unilateral deductions from state accounts. Says Centre's accounting & funding decisions have 'artificially inflated' debt burden.
Leaving interim budget largely unchanged would be in keeping with trend since 2004-05. Even when new parties have come to power, budgetary allocations have not changed substantially.
The interim budget, to be presented on 1 February, is likely to maintain focus on fiscal consolidation along with a thrust on capital expenditure, although at a moderated pace.
If Modi is confident about winning a third term, he must also use this opportunity to decisively bifurcate economic & fiscal policy from short-term aims of winning elections.
Central government should consider introducing measures in interim budget to 'fuel demand' for four-wheelers, says BMW Group India president Vikram Pawah.
If govt thinks there's a pressing issue, it's perfectly legitimate to make tax announcements in interim budget, says economic affairs secretary Subhash Garg.
In an exclusive interview to ThePrint, Ajay Bhushan Pandey says Modi govt tried to present a balanced budget keeping in mind the financial implications.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
At this rate, we need a calculator, a lawyer, and popcorn to understand one budget speech.
The budget session should be titled as “Who owes whom?”