A fiscal hole in Budget 2019

Yes the difference of Rs 1.7 lakh crore i.e Rs 1.7 lakh crore shown more for government earning in the budget proposal than the accurate and latest figures in Economic Survey 2019. Hence a discrepancy.

A further discrepancy of Rs 1.5 lakh crore is there in government spending also -- Rs 1.5 lakh crore more in budget proposal 2019 than the actual figure in Economic Survey.

It is a matter of concern because the Economic Survey's figure are the updated ones. The entire proposals made by the government for earning revenue and expenditure thereof are now erroneous in the Budget 2019. This way the government will not be able to achieve the target of achieving fiscal deficit also. Now the entire figures in 2019 Budget proposals are false ones - all undependable figures.

The government has no option than to present a revised budget. Have the team Niti Aayog and the financial advisors to the government any answer for this unpardonable financial mess of the country?

What made the government overshoot is her inefficiency and may be spending wasteful time on bag carrying bahikhata and preparing for the rhetorics of gulami cannot be ruled out.

Comments

Post a Comment

Popular posts from this blog

G20 Summit 2023 and challenges to India’s Presidency

G20 Summit 2023 and challenges to India’s  Presidency  Stage is all set for the two-day G20 Summit 2023 to be held in the national capital from September 9 to 10, 2023 at the Bharat Mandapam in Delhi’s Pragati Maidan. The G20 or the Group of Twenty comprises 19 countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, the United States and the European Union. It was formed in 1999 in the backdrop of the financial crisis of the late 1990s that hit East Asia and Southeast Asia in particular, and aims to secure global financial stability by involving middle-income countries. Among those expected to arrive in the Delhi summit are US President Joe Biden, UK PM Rishi Sunak, Canadian PM Justin Trudeau, Japanese PM Fumio Kishida, and Saudi Arabian King Salman bin Abdulaziz Al Saud. Most delegates will be staying in hotels situated in the Lutyens’ Delhi area inc
Read more

Russia-Ukraine Conflict

Russia-Ukraine Conflict: Prestige Issue For US, Russia The Russia-Ukraine conflict and involvement of US-Russia in Ukraine is most likely to give free reins to China for growing into exercising unrestricted authority. The US declared 16th Feb, 2022  for war. Therefore India asked her embassy in Ukraine to vacate and come back to India.  However, the Russian defense ministry announced on 16th Feb, '22 the end of military drills and the pull back of troops amid Ukraine standoff in Russian occupied Crimea. The Russian defence ministry shared a video of Russian military equipment and forces leaving Crimea. The move comes after Moscow said on Tuesday the 15th Feb that some of its troops are returning to home bases, indicating cooling of tensions regarding the Ukraine issue. There are 130,000 Russian troops deployed in north, east and south of Ukraine bordering Russia, but Russia did not say how many units were being withdrawn nor NATO, as it said, could see any sign of de-escalation on
Read more

BJP PROMOTING CONSPICUOUS COMMUNAL NARRATIVE

What Modi and Shah do not dare to utter or pen down themselves allow them to be created in stroll stations and through bhakts to release such shit of material of communal divide just to divert the nation from the serious and important issues that need immediate action. So now swallow the truth that even Modi and Shah are no less than cowards and hypocrites of ugliest order.  The BJP groomed star campaigners like Anurag Thakur and Parvesh Varma are let loose to make incendiary and communally charged statements and slogans in the upcoming Delhi Assembly elections. Otherwise from where they get the courage to cry for raping and shooting a particular community and declaring them traitors as it is done in banana republic? Who are behind to encourage them to be liberal with law and constitution of the country? The answer we all know. Why immediate action was not taken by party itself against them before India's Election Commission ordered their removal? In fact the BJP was not left
Read more