He accused the Congress party of delaying the development of the country for 70 years
At 5 per cent, GDP growth in the current year would be an 11-year low. Worse, this will also mark a deceleration for a third straight year, writes A K Bhattacharya
Budget speech should have been fact-checked
Sitharaman said her ministry is motivating tax officers to meet the collection targets and not forcing them to do so
If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost
She further said that many people have been speculating that the fiscal deficit would cross 4%
Goldman Sachs said the central bank will shift the stance of the monetary policy to "neutral" from "accommodative" at this week's review
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
Fiscal prudence has been given priority over fiscal stimulus which will contain the growth of debt liabilities, but it will not provide the strong public expenditure push required for reviving growth
It is reassuring to see that the deficit target was kept within expected lines and 10 per cent growth in nominal gross domestic product is projected
How a potential fiscal deficit of 4.65% of GDP was brought down in the 2019-20 revised estimates
The revised deficit target is propped on the belief that the divestment will fetch Rs 65,000 crore through the next two months
FM fights shrinking fiscal space by increasing non-tax revenue, freezing growth in subsidies
It recognises it cannot afford space for expansionary fiscal policy
The personal income tax has been simplified and reduced. Individuals will have to pay tax at the reduced rate of 10% for incomes of Rs 5-7.5 lakh, against the current rate of 20%
The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21
Fertiliser subsidy down, food subsidy up
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Here is the full text of the Budget speech of FM Sitharaman in Lok Sabha