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 methods of the welfarist reduce the productivity of human effort and thus affect the welfare of the invalids as well as of the able-bodied. This is a greater injustice, BS Sanyal wrote in 1957.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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?”