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Budget 2021: Numbers more credible, achievable than previous years, says India Ratings

Budget 2021: Numbers more credible, achievable than previous years, says India Ratings
At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note
PTI | February 2, 2021 | Updated 10:06 IST
In 2020-21, Rs 54,522 crore of fiscal deficit was externally funded, mainly from multilateral agencies, and this is budgeted to decline to Rs 1,514 crore in FY22
India Ratings on Monday said the Budget numbers are more credible and achievable than in the past many years, and the government may even exceed the revenue targets if the current tax buoyancy level is maintained. The fiscal arithmetic in Budget 2021-22 is more convincing than earlier years. At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pan ....

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India Ratings sees budget numbers more credible, achievable

India Ratings sees budget numbers more credible, achievable
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Last Updated: Feb 01, 2021, 10:31 PM IST
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At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note.
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Mumbai: India Ratings on Monday said the Budget numbers are more credible and achievable than in the past many years, and the government may even exceed the revenue targets if the current tax buoyancy level is maintained. The fiscal arithmetic in Budget 2021-22 is more convincing than earlier years. At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note. ....

Sunil Kumar Sinha , India Ratings , India Ratings Chief Economist Devendra Pant , Principal Economist Sunil Kumar Sinha , சுனில் குமார் சீன்ஹா , இந்தியா ரேடிஂக்ஸ் , இந்தியா ரேடிஂக்ஸ் தலைமை பொருளாதார நிபுணர் தேவேந்திரா பாண்ட் , ப்ரிந்ஸிபல் பொருளாதார நிபுணர் சுனில் குமார் சீன்ஹா ,

Union Budget 2021 LIVE Updates: Centre's Focus on Atmanirbhar Bharat Abhiyan Likely to be in Focus

NEW DELHI:
01:20 PM: Farm cess of Rs 2.5/litre on petrol and Rs 4 on diesel proposed
12:52 PM: No changes in Income tax slabs
12:50 PM: FM Sitharaman concludes Budget speech.
12:49 PM: Custom duty on cotton raised to help farmers
12:48 PM: Customs duty on certain automobile parts raised.
12:46 PM: Customs duty on gold and silver to be rationalized
12:37 PM: Tax exemptions for notified affordable rental housing for migrant workers
12:30 PM: FM: Dispute resolution committee to be set up for tax related disputes
12:28 PM: FM simplifies direct tax regime. Senior citizens above 75 years exempted from filing tax returns.
12:27 PM: Tax system should put minimum burden on people ....

Atmanirbhar Bharat Abhiyan , Union Budget On , Union Budget , Atmanirbhar Bharat , India Ratings Chief Economist Devendra Pant , தொழிற்சங்கம் பட்ஜெட் ஆன் , தொழிற்சங்கம் பட்ஜெட் , இந்தியா ரேடிஂக்ஸ் தலைமை பொருளாதார நிபுணர் தேவேந்திரா பாண்ட் ,

Budget 2021: Focus more on growth recovery; fiscal deficit may come down to 6.2% in FY22, says IndRa

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Budget 2021: Focus more on growth recovery; fiscal deficit may come down to 6.2% in FY22, says IndRa
The 2021-22 budget is likely to project a fiscal deficit of 6.2 per cent but that will be achievable if nominal growth comes in around 14 per cent and real growth prints in at 9.5-10 per cent, India Ratings Chief Economist Devendra Pant said
PTI | January 29, 2021 | Updated 08:27 IST
Union Finance Minister Nirmala Sitharaman
Indian Union Budget 2021-22: The forthcoming Union Budget should focus more on putting the economy back on track and not too much on arresting fiscal deficit, which is seen at 6.2 per cent in 2021-22, down from 7 per cent this year, according to a report. The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of GDP but India Ratings sees it printing in at Rs 13.44 lakh crore or 7 per cent if the government cleared its payables and roll over some portion of expenditure to 2021-22. ....

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Budget should eye growth; fiscal deficit may fall to 6.2% in FY22: Report

The forthcoming Union Budget should focus more on putting the economy back on track and not too much on arresting fiscal deficit, which is seen at 6.2 per cent in 2021-22, down from 7 per cent this year, according to a report.
The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of GDP but India Ratings sees it printing in at Rs 13.44 lakh crore or 7 per cent if the government cleared its payables and roll over some portion of expenditure to 2021-22.
However, the 2021-22 budget is likely to project a fiscal deficit of 6.2 per cent but that will be achievable if nominal growth comes in around 14 per cent and real growth prints in at 9.5-10 per cent, India Ratings Chief Economist Devendra Pant said in the report. ....

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