Home NEWSBusiness FM has got a fix on the fisc. But that’s only one side of the coin.

FM has got a fix on the fisc. But that’s only one side of the coin.

by Nagoor Vali

Nirmala Sitharaman, finance minister, India; portrait by Manali Ghosh

Synopsis

There are a number of positives on this 12 months’s Price range. Strolling on the trail of fiscal consolidation is one in all them. Further outlay in the direction of constructing bodily infrastructure is one other. However there are a number of not-so-good elements as effectively.

This 12 months’s Union Price range was a vote of account, which is a provision within the budgetary course of that permits the federal government to acquire the approval of Parliament for important expenditures for a restricted interval earlier than the total Price range is offered. With Nitish Kumar becoming a member of the Nationwide Democratic Alliance (NDA) led by Narendra Modi will return to energy. Evidently finance minister Nirmala Sitharaman additionally believes that, and subsequently this

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