'Views may be supplemented and justified by relevant statistical information about the production, prices, revenue implication of the changes suggested'
Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further
The finance minister's revenue efforts represent a mix of progressive taxation, dipping into the petroleum sector for collecting more taxes and growing protectionism
Survey skilfully marshals fresh arguments for timeless policy
What could be troubling the market is the unknown quantum of public spending via borrowings, which are but sovereign liabilities, beyond the Rs 7 trillion fiscal gap
Just seven years ago, in 2011-12, the Union Budget size was bigger than the state Budgets