macro Budget 2022: Centre spending more on day to day expenses Revenue expenditure, or expenses in the current period, had been falling as a percentage of GDP till FY19, but changed direction after that to touch 15.2% in FY21. By fortuneindia.com
macro Budget 2022: Income tax collections up, despite Covid According to the Income Tax Department, nearly 5.89 crore income tax returns for FY21 (assessment year 2021-22) were filed till the December 31, 2021 deadline. By fortuneindia.com
macro Budget 2022: Forex reserves at all-time high India's current forex reserve is equivalent to 13.2 months of import, and higher than the country's external debt. By fortuneindia.com
macro Budget 2022: Agri trumps Covid slowdown, services struggle Agriculture accounts for 18.8% of the GVA, whereas the same for industry stands at 28.2% and that for services at 5.3%. By fortuneindia.com
macro Budget 2022: Currency in circulation up 2x since DeMo Cash has grown in prominence despite a very swift rise in digital payments in India over the last few years. By fortuneindia.com
macro Budget 2022: Good news on corporate tax Expected growth in corporate tax collections during FY22 indicates a strong economic revival in spite of Covid-19. By fortuneindia.com
enterprise Budget 2022: Auto cos bear the brunt Auto companies have been smarting under the influence of the pandemic, their woes exacerbated by the semiconductor shortage, rising fuel prices. By fortuneindia.com
macro Budget 2022: Bank rate kept low to aid recovery When RBI raises the rate, the bank's borrowing costs go up, which reduces money supply and checks inflation. By fortuneindia.com
macro Budget 2022: Trade balance worsens Merchandise exports grew 68.9% in first nine months of the current fiscal to $443.8 billion, up from $262.8 billion in the previous fiscal. By fortuneindia.com
macro Budget 2022: Fuel subsidy withdrawal crashes bill Petrol, diesel prices have been passed on to consumers and not subsidised, raising fuel prices to all-time high in many parts of the country. By fortuneindia.com
