With neither time nor tide (read fiscal space) by his side, Arun Jaitley may not have had any fireworks for those who expected one in the Union Budget 2014. Still, his budget speech laid down a vision of returning to the growth path of the pre-2008, pre-downturn years.
Budget 2014 laid down policies and reforms, which, being high on details, ticks many boxes on fiscal consolidation, tackling inflation and reviving growth. An ambitious fiscal targetIn what was acknowledged as a ‘daunting task’ by the Finance Minister, the Budget chose to retain the previous government’s fiscal deficit target of 4.1 per cent for FY-15. The targets for FY-16 and FY-17 were
Indian Railway is getting ready for a better future. Innovation, policy changes, effective monitoring of pending projects, attracting FDI, increased attention to passenger amenities... have received deserved attention.
The Union Government of India on 17 December 2012 lowered down the growth projection for the current financial year 2012-13 from 7.6 percent that was estimated earlier to 5.7-5.9 percent. The projection was showcased in the Mid-Year Economic Analysis. Where was this Mid-Year Economic Analysis tabled?
None of these
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