"She used revised estimates....because the revenue receipts had declined so considerably that she wouldn't have claimed that fiscal deficit would be only 3.3 per cent or whatever that claim was," Sinha said.
India’s economy grew 5 per cent year-on-year in the June quarter, its weakest pace since 2013, which had prompted a slew of interest rate cuts by the Reserve Bank and forcing the government to cut corporate taxes sharply.
“This dream of achieving a $5 trillion economy does not belong only to the Centre. This goal can only be achieved with the cooperation of different states,” said the PM at the Rising Himachal Global Investors’ Meet, taking place till Friday.
In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.
Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.
New Delhi, Feb 12 (ANI): As the Bombay Stock Exchange (BSE) Sensex plunged around 800 point on Thursday, Finance Minister Arun Jaitley on Friday came out to calm the investors, saying that there was no need for an 'exaggerated panic' among investors. Jaitley emphasised that the investors should keep in mind the inherent strength of the Indian economy while investing. He added that the Government is fully committed to empower and support public sector banks by providing whatever capital requirements is required, adding that the problem of recovering bad loans from the borrowers will soon be ended.