Indias Union Budget FY23 is likely to set a higher divestment target for the coming fiscal with more focus being set on the National Monetisation Pipeline (NMP).Notably, the conclusion of the Air India divestment as well as upcoming listing of .
The India’s Union Budget is expected to focus on employment generation, increase in limits for basic tax exemption, standard deduction, medical expenses, rationalisation of tax rates and certain social security investments.
India Union Budget - Clean & Conservative but.
By
Sreejith Balasubramanian ( IANS) |
Published on
Wed, Feb 3 2021 13:36 IST |
0 Views
Finance Minister leaves for Parliament to present Budget 2021. Image Source: IANS News
Most of us awaited Indias Union Budget 2021-22 for its fiscal policy strategy to support growth, as the economy slowly emerges from the pandemic. Given previous episodes of shortfalls in realized receipts and rising off-budget expenditure, one was also ready to calculate more likely receipts and the true fiscal deficit. As mentioned in our previous note (link), the budget was a pleasant surprise as it estimated tax revenue conservatively, unlike recent years and vs. expectations this year. It also took a firm step towards reducing the rising off-budget financing, and has started repaying corresponding dues, by directly funding these through the government balance sheet. This enhances transparency but has also increased the budget size well