Budget 2016: Which way will FM Arun Jaitley tilt? In 10 slides, check out poll findings
Budget 2016: As the Budget 2016 countdown winds down to February 29th, a poll says FM Arun Jaitley would get away with letting his borrowing targets slip. Half the 30 economists surveyed also said the most pressing priority for Arun Jaitley’s third Union Budget, arguably expected to be the most important reforms wise, was to invest in infrastructure.
February 19, 2016 11:59 IST
Budget 2016: With FM Arun Jaitley all set to present the Union Budget 2016-17 on February 29, 2016, expectations are that he will change the threshold limit and perhaps more. But if the change comes, will you be able to take advantage of that? Getting benefits requires some homework on your part. Once you are familiar with the basics, you will be able to take advantage of changes and put extra money in your pockets. The most important thing to start with is deciding on your financial goals. Following this will be the action plan. Accordingly a strategy can be chalked out. Good money management doesn’t just happen! It is a result of diligent thinking, prioritizing and planning. And it pays to start early. So, here are 5 tips on how to manage your own money: <br> <a href="
https://www.financialexpress.com/article/budget-2016/budget-2016-how-much-will-be-your-income-tax-saving-from-slab-changes-by-arun-jaitley/212528/">Budget 2016: Check out income tax cheat sheat, find out what you will gain if Arun Jaitley makes changes</a>
Budget 2016: The findings raise questions over whether Prime Minister Narendra Modi would be well advised to force the pace on austerity at a time of weakening nominal growth, soft revenues and slumping export demand. “We’ll take a longer route to consolidation; otherwise the economy would be negatively affected,” said Rishi Shah, an economist at Deloitte who took part in the poll and forecast upward revisions in the deficit. (Reuters)
Budget 2016: A poll conducted before the 2015 budget also highlighted growth as the top priority, while a slim majority saw the government meeting high hopes for economic reforms.
Budget 2016: FM Arun Jaitley, under fire for what some critics call his lacklustre stewardship of India's $2 trillion economy, should keep his job for at least another year, according to 18 of 27 respondents to a question about his future. (PTI)
Budget 2016: Only one-third expect this to be the last budget for the 63-year-old Finance Minister Arun Jaitley, the government’s chief policy spokesman and point person for dealing with foreign investors. Jaitley has so far failed to win cross-party support for a ground-breaking Goods and Services Tax (GST).
Budget 2016: Senior sources in the government and the ruling Bharatiya Janata Party (BJP) have said Arun Jaitley may move to the defence department after this budget, with Power and Coal Minister Piyush Goyal one contender to take over at finance. (Express photo)
Budget 2016: Contrary to advice from Narendra Modi’s top economic adviser, Arvind Panagariya, that the government should avoid 'tinkering' with the fiscal deficit, analysts expect the shortfall to be revised up from the trajectory set a year ago. The consensus view was for the 2016-17 fiscal deficit to be raised to 3.7 per cent of gross domestic product (GDP) from a previous goal of 3.5 per cent. Gross borrowing is predicted at Rs. 6.49 lakh crore ($95.2 billion).
Budget 2016: In the following year, the deficit would be revised up to 3.5 per cent from 3 per cent, the poll showed. Twenty six of the 29 respondents said markets and ratings agencies would accept some slippage in the deficit to allow the government to invest in growth and jobs. But there’s not much wiggle room, with India’s shortfall on the high side compared to emerging markets like China and Russia. "A typical solution to weak growth and comfortable inflation would be a loose fiscal policy and a tight monetary policy,” said Abhishek Upadhyay at ICICI Securities. “The trouble in India is that you don’t have the fiscal space." (Express photo)
Budget 2016: Although India is growing in real terms by over 7 per cent – having overtaken China to become the world’s most dynamic economy – it is creating too few jobs for a workforce growing by a million people every month. While most economists expect Arun Jaitley to stay, those ready to countenance the idea he might be replaced would prefer a technocrat to fill the role. They outnumbered those backing a professional politician by about two to one. (Reuters)
A top Finance Ministry official has also revealed that that Raghuram Rajan's extension as RBI governor is to be decided toward end of his tenure. He added that there has been no discussion so far in this regard and his fate will be decided closer to the end of his current tenure in September. (Express photo)<br><a href="
https://twitter.com/FinancialXpress" target="_blank">For more business news and analyses, follow us @FinancialXpress </a><br>