MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Economists predict that the fiscal deficit for the year 2020 will drop to 3.5 percent for the FY20

Economists predict that the fiscal deficit for the year 2020 will drop to 3.5 percent for the FY20

Telcos in India are expected to pay their adjusted gross revenue of Rs 1.20 lakh crore due by March. When the dues are cleared fiscal deficit for the year 2019-20 will drop to 3.5 percent from its original rate of 3.8 percent. The officials are going to wait until the deadline (March 16) to see whether the situation is clear. Supreme Court held on to its verdict over the non-compliance case and along with AGR order, the department of telecom is pushing for the payment of dues from the telcos. Post-March 16, the fiscal landscape is expected to change significantly. The assumption is that if all the telcos clear their due by deadline, then the fiscal deficit for the year 2020 will drop to 3.5 percent for the FY20.

Economists from SBI stated that the increase in LPG cylinder prices has forced people to resort to unclean cooking methods that will affect the environment, so the next significant step for the government would be to make the LPG affordable. The reports flooded after the hike in prices of LPG and the government increased the subsidy burden. Economists from SBI furthermore stated that the PM Ujjwala Yojana was welcomed and it is a better method to improve clean energy usage.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED