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With direct tax collections expected to register a 20% increase this year, cuts beneficial for the middle class - including on direct taxes – are keenly awaited in the budget.
The author offers two perspectives to view a budget – a narrow accounting one and a broader economic one.
This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.
"Macroeconomic policies are responding to the significant headwinds, with fiscal policy measures supporting vulnerable groups and monetary policy addressing persistently high inflation," MF Deputy Managing Director Antoinette Sayeh said at an event in New Delhi.
Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."
The low pressure formation will move west-southwestwards towards Comorin Area across Sri Lanka in next 48 hours.
The India Meteorological Department has predicted heavy rains in the state till Tuesday. It cautioned that the state may experience isolated heavy rains, accompanied by lightning.
The RBI bulletin had projected that GDP growth would be estimated at 6.1 to 6.3 per cent in the September quarter of the current fiscal.
The national weather agency sounded a yellow alert for seven districts on Monday.
The India Meterological Department has issued yellow alert in eight districts- Pathanamthitta, Kottayam, Ernakulam, Idukki, Palakkad, Malappuram, Kozhikode, Wayanad- on Saturday and Sunday.