We have an excellent article from BusinessLine today, highlighting the need to avoid Under-budgeting for Pensions and Subsidies. The table given says that it is a usual practice to under-budget for Pensions to an average deviation of 21.3 % for Pensions, during the last years. This makes the Centre's budget unrealistic !
The Economists now suggest that this should be avoided. This year (FY 16-17), there is a need for 1.1 lakh crore towards 7CPC and OROP implementation. Unless the whole money is provided for, there is a critical issue of managing the fiscal deficits. So, the effort is to make the Budget realistic !!
Please read the full article below ..
The Economists now suggest that this should be avoided. This year (FY 16-17), there is a need for 1.1 lakh crore towards 7CPC and OROP implementation. Unless the whole money is provided for, there is a critical issue of managing the fiscal deficits. So, the effort is to make the Budget realistic !!
Please read the full article below ..
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