Liquor policy changes are becoming hot topics even in states like Bihar and Andhra Pradesh, where state elections are years away.
Prof Chaturvedi termed Nirmala Sitharaman's fourth Budget 'politically perfectly fine'.
Chaturvedi is known for his valuable contributions to the economic policymaking in the country. He is the Director-General of the Delhi-based Research and Information System for Developing Countries (RIS).
The Budget for the fiscal year starting April 1, 2022 is likely to raise spending on infrastructure to set the economy on a firmer footing.
Markets had been expecting borrowing of 12-13 trillion rupees for 2022/23.
According to the Union Budget 2022-23, goods and services tax will contribute 16 paise in every rupee revenue, while corporation tax will contribute 15 paise to each rupee earned.
India announced capital expenditure of 7.5 trillion rupees ($100 billion) for 2022/23, or 2.9% of gross domestic product, an increase of 35.4% from the last fiscal year.
Finance Minister Nirmala Sitharaman introduced the Central Bank Digital Currency (CBDC) in her Union Budget 2022-23 speech, saying that it will give a big boost to the digital economy.
Here are some key economic indicators and how the Indian economy has fared under Modi over the past seven years.
The loan availing limit of the Kerala Government would get reduced by a minimum of Rs 4,500 crore next year.