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  • Finance Minister of India Presented The 80 Budget

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    Krishna Chaitanya.A
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    The Finance Minister of India presented the 80th budget. Key points included subsidies being less for the food security bill due to rising fertilizer and oil prices. The fiscal deficit and borrowing were also projected to be less due to an upward revision of GDP estimates. Consumer spending and tax revenues were expected to increase. Funding was allocated for education, microfinance institutions, and cash transfers linked to Aadhaar identification numbers. During a time of financial turmoil, the optimistic budget was seen as providing a boost like a multivitamin.

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    The Finance Minister of India presented the 80th budget. Key points included subsidies being less for the food security bill due to rising fertilizer and oil prices. The fiscal deficit and borrowing were also projected to be less due to an upward revision of GDP estimates. Consumer spending and tax revenues were expected to increase. Funding was allocated for education, microfinance institutions, and cash transfers linked to Aadhaar identification numbers. During a time of financial turmoil, the optimistic budget was seen as providing a boost like a multivitamin.

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    8 views3 pages

    Finance Minister of India Presented The 80 Budget

    Uploaded by

    Krishna Chaitanya.A
    The Finance Minister of India presented the 80th budget. Key points included subsidies being less for the food security bill due to rising fertilizer and oil prices. The fiscal deficit and borrowing were also projected to be less due to an upward revision of GDP estimates. Consumer spending and tax revenues were expected to increase. Funding was allocated for education, microfinance institutions, and cash transfers linked to Aadhaar identification numbers. During a time of financial turmoil, the optimistic budget was seen as providing a boost like a multivitamin.

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    Attribution Non-Commercial (BY-NC)
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    of 3

    1. Arithmetic magic?

    2. Subsidies less – food security bill, rising ferti and oil prices.
    3. Fiscal deficit less and borrowing less?
    4. Debt/GDP less due to revised estimate of gdp upwards
    5. Consumer spending more and more revenues frm taxes also savings set to increase.
    6. Sarva Siksha Abiyan - Education and MFI fund intro
    7. Cash transfers a big positive - aadhar
    8. FII more in Indian mutual funds
    9. Iron ore exports duty and no duty on pellets.
    10. Negative - on no rollover tax holiday for SEZs.
    11. MAT increase but less Corporate surcharge
    12. Savings on taxes gud to increase consumer spending
    13. Taxes to be linked wit an inflation index?
    14. No excise inc on automobiles.
    15. Farm gears equip plus.
    16. A lot of financial bills this fiscal?
    17. FDI multi brand retail?
    18. Procrastination on GST n DTC.
    19. Infra improvements.
    20. Disinvestments
    21. Wages being linked to inflation- but no inc in MNREGA budget?
    22. No cateer to food security bill?
    23. Mixture of many assumptions and some positive moves.
    24. Fertilizer and cold storages given the status of infra.
    25. Homeloans attractive.
    26. Tax on dividend halved on the divendends from overseas arms of Indian companies.
    27.

    During the financial turmoil tat was occurring, this optimistic budget was like a multivitamin dose.

    Finance minister of India presented the 80 th budget


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