Government hasnt met divestment targets for 2019-20 yet and it is quite possible that the final figures of 2019-20 fiscal year will show high fiscal deficit and high borrowing by the government.
One, the finance minister should not make any shock announcement in budget 2020 which is then reversed like the last year’s budget. Focus should be on reviving demand by bringing down CGST on capital goods.
India has been hiding the real picture of fiscal deficit and experts have warned that deficit is as high as 4 per cent. Those advocating more spending should keep this in mind.
It has been recently reported that Modi government has saved thousands of crores by digitising the PDS. Same way, more and more services can be digitised so that reveue loss can be prevented.
Tax and surcharge on high networth individuals should not be lowered and the revenue from this source should be deployed to the health and education sector of the country.
Germany is slowing and they are also too much worried about containing deficit. Experts have warned that unless Germany spends on infrastructure it will be difficult for them to expand. Same is with India.
It is true that budget alone cannot revive the Indian economy however since the budget touches every sector of economy and has an impact on all players, it should be wisely drafted.
BJP government has focussed too much on bringing down deficit and this has been one reason why demand has not picked in economy. Fiscal deficit can be allowed so that economy recovers.
Gold imports in India have come down to an alarming level. First, there is low demand due to slowdown in economy and secondly, the import duty is high. Government should lower this duty to lift demand.
The Budget of this year should bring relief to the middle class by lowering the income tax rate. Corporate taxes have been slashed and it is time now that personal taxes are also reduced.
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Government hasnt met divestment targets for 2019-20 yet and it is quite possible that the final figures of 2019-20 fiscal year will show high fiscal deficit and high borrowing by the government.
One, the finance minister should not make any shock announcement in budget 2020 which is then reversed like the last year’s budget. Focus should be on reviving demand by bringing down CGST on capital goods.
India has been hiding the real picture of fiscal deficit and experts have warned that deficit is as high as 4 per cent. Those advocating more spending should keep this in mind.
It has been recently reported that Modi government has saved thousands of crores by digitising the PDS. Same way, more and more services can be digitised so that reveue loss can be prevented.
Tax and surcharge on high networth individuals should not be lowered and the revenue from this source should be deployed to the health and education sector of the country.
Germany is slowing and they are also too much worried about containing deficit. Experts have warned that unless Germany spends on infrastructure it will be difficult for them to expand. Same is with India.
It is true that budget alone cannot revive the Indian economy however since the budget touches every sector of economy and has an impact on all players, it should be wisely drafted.
BJP government has focussed too much on bringing down deficit and this has been one reason why demand has not picked in economy. Fiscal deficit can be allowed so that economy recovers.
Gold imports in India have come down to an alarming level. First, there is low demand due to slowdown in economy and secondly, the import duty is high. Government should lower this duty to lift demand.
The Budget of this year should bring relief to the middle class by lowering the income tax rate. Corporate taxes have been slashed and it is time now that personal taxes are also reduced.
The next time I read a blog, I hope that it does not fail me as much as this one. After all, I know it was my choice to read, nonetheless I actually thought you would probably have something helpful to talk about. All I hear is a bunch of whining about something that you could fix if you weren’t too busy seeking attention.
Nice post. I learn something new and challenging on websites I stumbleupon everyday. It is always interesting to read through content from other authors and practice something from their web sites.
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