The Budget for year 2017-18 projects a total shortfall of Rs 5.5 lakh crore with total expenditure projected at Rs 21.5 lakh crore against receipt (excluding states’ share) of Rs 16 lakh crore . A look at the different components of the budget.
Demonetization continues to dominate the national agenda with the hardships being faced by the people and also the benefits arising out it. One of the benefits is its impact on India’s tax/GDP, a ratio which has huge significance from the perspective of building longer term capabilities and a considerable multiplier effect. While the ratio may rise in near […]