India May Table Supplementary Budget Demand Over Fertiliser, Electronics Spend
Finance Minister Nirmala Sitharaman is considering seeking parliamentary approval for additional government expenditure. The move is driven by higher spending requirements on fertiliser subsidies and electronics manufacturing schemes. Tax revenues from GST and direct taxes are reported to be on course, while the divestment body DIPAM is working to boost asset-sale proceeds. The potential closure of the IDBI Bank stake sale could offer the government significant fiscal headroom. Sitharaman remains committed to holding the fiscal deficit at the budgeted target of 4.3% of GDP.
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