Arun Jaitley, Finance Minister, will be addressing a post-budget meeting on February 18 (Monday) with Reserve Bank of India (RBI).
The government believes in getting ₹28,000 crore from RBI as an interim dividend for year 2018-19.
The Centre popped up with a roadmap to lessen the fiscal deficit, i.e. the difference between total expense and revenue to 3 percent of GDP.
Arun Jaitley, finance Minister, will be addressing a post-budget meeting on February 18 (Monday) with Reserve Bank of India (RBI) discussing the vital points related to interim budget, i.e. fiscal connecting roadmap.
The government believes in getting ₹28,000 crore from RBI as an interim dividend for year 2018-19.
A sum of ₹10,000 crore was given last year to the Centre by RBI.
The general meeting post-budget faces a slight diversion from the current Financial Year because of tax return over income for ₹5 lakh and support 12 crore farmer’s income scheme.
The government declared under the scheme PM-KISAN, farmers will be paid ₹6000 annually only for cultivable land up to 2 hectares.
The government also decided to increase the standard deduction rate from ₹40,000 to ₹50,000.
The Centre popped up with a roadmap to lessen the fiscal deficit, i.e. the difference between total expense and revenue to 3 percent of GDP.
