Heena Sharma Blog

  Finance Minister Nirmala Sitharaman will be presenting her third Budget in a short while from now. Here are the key numbers to watch out for in the Budget for 2021-22 , which is widely expected to be a " economic vaccine " for the pandemic-battered economy. Sitharaman, who had in her first budget in 2019 replaced leather briefcase -- which had been in use for decades for carrying budget documents -- with a traditional red cloth 'bahi-khata', had last month stated that the budget for the fiscal year 2021-22 will be "like never before". Check Budget live updates here Covid-19 spending: India has started the world's largest Covid inoculation programme from January 16 and is using two vaccines Covishield and Covaxin. The expenditure on vaccination this fiscal as well as in the next would be the most watched figures in the Budget. Fiscal Deficit: The budgeted fiscal deficit, which is the difference between government expenditure and income, was 3.5 pe...

During decision years, for example, this one, India's active fund priest offers up just a "between time spending plan," under the suspicion that the approaching government will have diverse arrangement needs. Given that Prime Minister Narendra Modi's legislature was reelected so effectively, one may think the spending it's booked to introduce on July 5 won't look vastly different. It should. Modi's new fund serve, Nirmala Sitharaman , faces unexpected conditions in comparison to her forerunner. In the months since the between time spending plan, India's economy has gotten ugly. In May, we discovered that the economy had developed at just 5.8% in the three months among January and March, essentially lower than anticipated. The storm - pivotal for development in agribusiness, which utilizes half or a greater amount of India's specialists - has failed to meet expectations. Downpour in June was a third not exactly expected; it was the fifth-...

The Reserve Bank of India (RBI), having changed management last month following a clash with the government, is likely to transfer an interim dividend of Rs 300-400 billion ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter. The dividend could help Prime Minister Narendra Modi's administration bridge a widening budget deficit following a drop in tax collections, and would come after the government pushed the RBI for the additional funds ahead of a national election due by May. Former finance ministry official Shaktikanta Das was appointed as the new governor of the Reserve Bank of India (RBI), following resignation of Urjit Patel last month amid tensions over the dividend payout and other issues. The government and RBI have now appointed a panel to look into the issue around the sharing of the RBI's reserves. Read More Business Standard