​​​
  1. Budget 2018: Arun Jaitley should contain fiscal deficit, says US-based economist TN Srinivasan

Budget 2018: Arun Jaitley should contain fiscal deficit, says US-based economist TN Srinivasan

Budget 2018: Finance Minister Arun Jaitley should try to achieve the fiscal deficit target and take more steps to implement projects efficiently in the forthcoming Budget 2018, noted US-based economist T N Srinivasan has suggested.

By: | New Delhi | Updated: January 24, 2018 1:05 AM
The union budget 2018 will be the Narendra Modi government’s fifth budget. This will also be the final budget before crucial 2019 Lok Sabha Polls. Budget 2018 has a great significance across India. Budget 2018: The government is aiming to contain fiscal deficit for the current fiscal at 3.2 per cent of GDP. (Reuters)

Budget 2018: Finance Minister Arun Jaitley should try to achieve the fiscal deficit target and take more steps to implement projects efficiently in the forthcoming Budget 2018, noted US-based economist T N Srinivasan has suggested. Srinivasan, the Samuel C Park Jr Professor Emeritus of Economics at Yale University, further said there is no economic theory to link job losses to demonetisation and implementation of the Goods and Services Tax (GST). “I expect him to contain the fiscal deficit as far as he can, take further steps to implement projects efficiently and on time,” he told PTI. The government is aiming to contain fiscal deficit for the current fiscal at 3.2 per cent of GDP. Jaitley is scheduled to present the Union Budget 2018-19 on February 1. Asked to comment on concerns in India about job losses due to demonetisation and GST rollout, Srinivasan, who at one point taught RBI Governor Urjit Patel, said, “There is no economic theory linking the two.”

Also read: FM Arun Jaitley attends Halwa ceremony, check the ritual of extreme significance

The union budget 2018 will be the Narendra Modi government’s fifth budget. This will also be the final budget before crucial 2019 Lok Sabha Polls. The previous Budget 2017-18 was a unique one for the people of India, as, for the first time, both the railway budget and the general budget were presented on the same day.

Also watch: US Tax Reforms Key Factor In Accelerating FM’s Promise To Reduce Corporate Tax Rates

Simultaneously, Budget 2018 has a great significance across India.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top