Govt meets fiscal deficit target of 3.4% for FY19 by cutting expenditure, rolled over fuel subsidies
The government has managed to meet the revised fiscal deficit target of 3.4 percent of the GDP after it cut last minute expenditure and rolled over fuel subsidies to make up for the shortfall in tax collection
Despite fiscal prudence being high on the agenda, the United Progressive Alliance-led government would try to avoid any political backlash considering the fact that this is a final opportunity to present its full-year Budget ahead of Lok Sabha elections scheduled in early 2014.
Will the Congress president break her silence over the allegations that have been made against her by the Gujarat Chief Minister?
The budget is just two weeks away. Here's the first of our four-part series of primers so that you are one-up on Pranab Mukherjee on 16 March