Even with the boost from the ₹1.76 lakh crore dividend payout from the Reserve Bank of India, the budget arithmetic is optimistic and it now appears certain that the government will miss the fiscal deficit target of 3.3% of GDP.
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Unknown titlemore to give a leg up to the economy. Apart from pushing expenditure on capital projects, the government last month gave away corporate tax concessions amounting to a whopping ₹1.45 lakh crore. <span>Even with the boost from the ₹1.76 lakh crore dividend payout from the Reserve Bank of India, the budget arithmetic is optimistic and it now appears certain that the government will miss the fiscal deficit target of 3.3% of GDP. The only question is: by how much? Moody’s has projected that the deficit will slip to 3.7% of GDP this fiscal. Ratings agencies are ultra-sensitive to fiscal deficit overruns but the p Summary
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