In Budget 2021, the finance minister seems to have utilised the pandemic-led fiscal slippage to clean up the government’s books at a modest marginal cost. Read more »
As the government was forced to raise debt to meet the health crisis and the economic slowdown, Budget 2021 should focus on a phased reduction of public debt. Read more »
Budget 2021 will be a tough balancing act for the government as it strives to meet conflicting ends of fiscal discipline and stimulus for economic revival. Read more »
The finance minister may be tempted to introduce a coronavirus cess in Budget 2021, but it will do more harm than good at present. Read more »
The proposed borrowing will not reflect on the Union Budget, but will appear as capital receipts in state budgets. Read more »
In case of a dispute between Centre and the states on the recommendations of the GST Council, a dispute resolution mechanism can be established. Read more »
Net fiscal impact of the Rs 21 lakh crore economic package is likely to be between 0.75% and 1% of the GDP. Read more »
The finance minister is left with few fiscal options to address the economic slowdown. Read more »
State governments led by Kerala, Bihar push for 4% deficit target, more funds to infrastructure. Read more »
The fiscal deficit overshot the annual target set by Nirmala Sitharaman in her maiden Union Budget in just seven months. Read more »