Budget has good proposals on disinvestment, bank recapitalisation
BY K JOSEPH THOMAS
05-July-2019
An improvement on the interim Budget with a number of reasonably good proposals on disinvestment, bank recapitalisation, and quite a substantial discount on affordable housing in taxes.
Focus on affordable housing and infrastructure is noticeably higher compared to earlier budgets. Commitment to restrict fiscal deficit at 3.30 per cent compared to 3.40 per cent is a good intent but we need to look at the revenue assumptions more closely to draw more comfort.
A partial dependence on external markets for government borrowings may help the government meet the borrowing targets but the dynamics of currency management and its impact on yield movements should not be ignored. IANS
More Headlines
Actress Tamannaah Bhatia Summoned by Maharashtra Cyber Police in Online Betting Scandal
Delhi Police Use Fire Brigade Crane To Bring Down TN Farmers From Mobile Tower
NRI Medical Professional Pemmasani Chandra Sekhar: The Richest Candidate in Lok Sabha Elections 2024
AI-Enabled SaaS Platform Accacia Raises $6.5 Million in Funding
Natch Snacks and Recircles Team Up for Sustainable Waste Management
Actress Tamannaah Bhatia Summoned by Maharashtra Cyber Police in Online Betting Scandal
Delhi Police Use Fire Brigade Crane To Bring Down TN Farmers From Mobile Tower
NRI Medical Professional Pemmasani Chandra Sekhar: The Richest Candidate in Lok Sabha Elections 2024
AI-Enabled SaaS Platform Accacia Raises $6.5 Million in Funding
Natch Snacks and Recircles Team Up for Sustainable Waste Management