India will grow at 6.75-7.5 percent in 2017-18, the Economic Survey 2016-17 said in a guarded forecast on January 31, tempering expectations of an early revival in the broader economy still reeling under the effects of demonetisation. “Demonetisation will have both short-term costs and long-term …
Tag: FRBM
CRISIL | Budget is fiscally prudent, socially redistributive
CRISIL’s Budget analysis: ■ Fiscal math mostly ties up The government has done a fine balancing act and maintained its credibility by sticking to the Fiscal Responsibility and Budget Management (FRBM) target of bringing down fiscal deficit to 3.5% of GDP in fiscal 2017 after having met the 3.9% t…
Budget 2016 | Quotable Quotes
“Finance Minister spent a considerable amount of time in trying to address the rural distress and the difficulties being faced by the farmers. The emphasis on the budget on various schemes and ideas, which including for instance the linking of the MNREGA scheme to rural challenges, is very signif…