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Showing posts from January 20, 2019

Budget and Fiscal Policy- 2019

The Budget was first presented by James Wilson on 18th February, 1869 who was the Finance Minister of the India Council that advised the Indian Viceroy. The word Budget was derived from Mid-English word " Bougette" meaning a leather Bag.Today bag is much larger and role of Government evolved significantly. Present position - The Budget in India is now about two weeks' away from its presentation to the Parliament. All among the discussions at different media platforms, it seems to be a better time to take note of the following measures which will strengthen the path for growth of Indian economy. The issues are - 1) Govt. should introduce a process of cleaning up of arrears/commitments made to Business, Trade, Industry, employees like GST refunds, Farmers' commitments, Pending pension matters etc. effecting large number of population and to introduce a scheme to regularly monitor the execution of commitments in time. This will boost the confidence of public at larg