We all appreciate the hard work put in by Prime Minister Narendra Modi. I am blessed to be followed by him.and appreciate he acknowledges my advice always I always try and speak with people on ground and judge the mood. Also as a Finance professional I can understand the brilliant economic steps well balanced by control of fiscal deficit. I understand that in current budget Mr Arun Jaitley had to walk on tight rope of deficit and tax exemptions.Now the high crude prices and MSP is also another worry and may work against government goal of fiscal prudence Although GST collections on monthly basis is around 96000 crores, government shall need around 1.03 lac crores in next 8 months to keep fiscal deficit under check The collections may experience some setback with revision in rates. It is not easy to change the mindset of many who spend on luxury items from dealers and do not go for invoice to save GST. I understand that the governme...
Chartered Accountant. Company Secretary. Specialization in Portfolio Management