Government is expecting around Rs 20,000 crore as additional transfers from the RBI
Nominal GDP expected to grow 12% YoY
The NPS exemption has been increased to 60% as promised earlier
The government had introduced Section 54GB in FY13
Tax experts said that in FY17 around 80,000 people had reported incomes of over Rs 1 crore
Defence spending is falling in percentage terms even though all military purchases are now subject to GST
Says cutback in funds will adversely affect inter-state connectivity, hails enhanced allocation for rail projects
The fiance minister also said the RBI will get regulation authority of housing finance sector
She said a number of steps would be taken in consultation with the RBI and Sebi to deepen the corporate bond market
She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20
The finance minister also said the government will create a payment platform for MSMEs for payment of bills
The Eco Survey analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves ahead of Union Budget 2019
Government emissaries had met a spectrum of foreign investors in the past couple of months to figure out ways to draw in more capital into the economy
Around 60% of economists, 21 of 37, who answered an additional question about the focus of the budget said it would be more on fiscal expansion than prudence
The pre-Budget survey 2019-20 conducted by KPMG (India) included responses from 226 respondents spanning across industries
The government, experts say, is likely to continue with the off-budget route for carrying out infra-related spending
The fifth Budget will be fundamentally different from previous ones and will be quite unique
Instead it may well have a lot for economists and analysts to mull over.
Govt mulls gradual switchover to the January-December financial year
He highlighted that after many years no Vote on Account was taken this particular year