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Budget

Breaking deadlock

French President Emmanuel Macron’s efforts to break the political deadlock in France have taken on a sense of urgency as he narrows down his search for a new Prime Minister.

Tax Revenues in 2021-22 exceed the Budget estimates by Rs 5 lakh crore

The tax revenue in the Union Budget for 2021-22 was estimated at ₹22.17 lakh crore against the revised estimates of ₹19 lakh crore, with a growth of 17%. The Union Budget was presented on 1st February, 2021 when the 1st COVID wave had tapered off in India but the world was facing successive waves.

Budget for growth

Any growth-oriented budget that relies heavily on capital expenditure, however, is fraught with inherent risks. In propounding such a growth-oriented budget, by pushing capital expenditure, the country is exposing itself to the risks of high inflation and, accordingly, the RBI will have to take a call on increasing rates gradually to address inflation