Homevideos Newseconomy News

    Fiscal relief steps: Govt is working within 'limited resources'

    videos | IST

    Fiscal relief steps: Govt is working within 'limited resources'

    Even as the government is considering potential fiscal relief measures, sources at North Block say that the Centre is working within 'limited resources'.
    While relief measures and other steps could be on the cards, as far as fiscal headroom is concerned, the envelope is limited.
    According to sources, a 10 percent GST rate cut for automobiles would cost Rs 50,000 crore to the Centre and the states annually. Slow Q1 spending on back of elections is helping the Centre maintain fiscal balance.  But expenditure pick up from Q2 is leaving little fiscal headroom.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    Tags
      next story

        Most Read

        Market Movers

        View All
        CompanyPriceChng%Chng