The upcoming interim budget is likely to see higher capital expenditure on infrastructure, with a focus on green investment to meet the demand for earlier committed projects and offset the impact of global uncertainty. Experts expect the government to continue maximizing public expenditure on infrastructure, aiming for gross capital formation on infrastructure to be 8-9% of GDP. The Confederation of Indian Industry suggests that rationalization of subsidies, revenue augmentation, and simplification of taxes could allow the government to increase capital expenditure by 20% to ₹12 lakh crore. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
