More Freebies In The Interim Budget?
The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones.
Source: rediff.com
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Pradhan Mantri Garib Kalyan Yojana (PMGKY) | Centre's free food grains scheme for five more years to cost Rs 15,000 crore annually
Prime Minister Narendra Modi had told a poll rally in Chhattisgarh the free foodgrain scheme under the Pradhan Mantri Garib Kalyan Ann Yojana would continue
Source: telegraphindia.com
India Ratings hikes FY24 growth forecast to 6.2%, but sounds consumption warning
According to economists from India Ratings, there is a disconnect between the headline and underlying consumption data, with a clear K-shaped demand making it unlikely that the current overall trend will continue for long
Source: moneycontrol.com
Strong fiscal rules must bind states to curtail expenditures on freebies: Economists
The government needs to strike the right balance between spending on building physical and social infrastructure versus spending on short-term measures, as well as providing targeted cash transfers versus subsidies.
Source: moneycontrol.com
India's retail inflation surges on food prices in challenge to Modi government, ET Retail
India's annual retail inflation rose sharply to 7.44% in July from 4.87% the previous month. A Reuters poll of 53 economists had forecast a rate of 6.40%. The figure was the highest since April 2022.
Source: indiatimes.com