Economy, asked by raju8481, 1 year ago

Methology of public economic realitive to unioun budget 2017

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Answered by sajwanaman012
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Budget 2017 was unique because it changed the age-old tradition of being presented on the last day of February, and for the first time in independent India, the Railway Budget was combined with the general Budget. However, what was perhaps more unique were the circumstances under which it was being presented. Not only the global headwinds of an unprecedented nature, but also the huge uncertainty regarding where the current year will finally end in terms of GDP growth and related tax collections as well as the mid-year GST roll out and its attendant uncertainties, created complexities in estimating tax revenues for the coming year. In the midst of having to balance fiscal prudence, throw in a good measure of populism to blunt the pain of demonetisation and to spur both private and Government investment to get back to double-digit growth in the medium-term was not going to be easy.
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