WHY BUDGET'S FISCAL PRUDENCE CLAIM COULD INTENSIFY GDP ROW
New Delhi, Feb. 2 -- The Interim Budget 2019- has given major sops in terms of both taxes and non-tax transfers. The two most important announcements are the direct income transfer scheme to farmers with an annual outlay of ~75000 crore and an increase in taxable income threshold from ~2.5 lakh to ~5 lakh. This has been done without any increase in the fiscal deficit figure between revised estimates (RE) for 2018-19 and budget estimates (BE) for 2019-20. This merits a careful examination of the arithmetic behind the budget....
To read the full article or to get the complete feed from this publication, please
Contact Us.