Against total receipt of Rs 22.4 lakh crore, government is projected to spend nearly Rs 30.4 lakh crore in FY21. Other than interest payments, broad areas which account for maximum expenditure are Defence, Subsidies and rural & agriculture sector. Here is a look at the details of various government expenses. Government’s expenditure classification is possibly … Continue reading Budget – Revenue & Expenditure Analysis (Part II)
The Budget proposal for year 2020-21 projects total expenditure of Rs 30.4 lakh crore against receipt of Rs 22.4 lakh crore. This implies shortfall of Rs 8.0 lakh crore corresponding to 3.5% of projected GDP. For 2019-20, budget has been off the mark by a huge margin, with fiscal deficit estimated to be 3.8% of GDP … Continue reading Budget – Revenue & Expenditure Analysis (Part I)
The budget proposals for the year 2020-21 has foxed the markets with Sensex declining by almost 1,000 points. This is so because even though it has taken several measures which would benefit the investors and profitability of domestic companies, it hasn’t made any concrete announcement to boost consumption or even investment. While the budget has … Continue reading Budget 2020-21 – Reason for Cheer or for Disappointment??