Imposing large costs on a wide cross-section of people could actually have been indispensable to achieve political success, says former chief economic adviser Arvind Subramanian of demonetisation in his new book 'Of Counsel: The Challenges of the Modi-Jaitley economy'
9 min read29 Nov 2018Tax collections from goods and services tax (GST) have been underwhelming, and the government is set to miss this year's fiscal deficit target
3 min read5 Nov 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared