The proposed budget for 2023-24 is expansionary and will not help control runaway inflation and has rather tried to meet the conditions set by the International Monetary Fund (IMF), according to a number of economists.
Economists' proposals for FY24 budget Introduction of wealth tax to reduce inequality in society Massive interventions to ensure quality in public education and healthcare Creation of a finance or bank commission to ensure stability in the financial sector Reforms to the taxation system to increase the tax-to-GDP ratio Introduction of a pricing policy for consumer
Govt food distribution: While the queue of people behind open market sale (OMS) trucks of the food ministry continues to remain fairly long, food grain distribution by the ministry was said to have dropped 19 per cent year-on-year in the first four months of the current fiscal year.