In spite of the pandemic

The Budget for 2021 makes a fresh beginning in dealing with numbers and estimates

Topics
Budget 2021 | Nirmala Sitharaman | Indian Economy

A K Bhattacharya  |  New Delhi 

A K Bhattacharya

In the last couple of years, the Union government’s Budgets have suffered from at least two basic problems. One, the Budgets have tried to hide the actual extent of the government’s fiscal deficit. Two, they have made unrealistic projections for the government’s revenue receipts.

The combination of these two problems has undermined the sanctity of the Budget numbers and, therefore, has made a travesty of the principles that should underlie prudent and responsible budgeting. The problems are not of recent origin, but they got worse in 2018-19 and 2019-20. Take a look ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, March 23 2021. 23:14 IST
RECOMMENDED FOR YOU
.