The government has pegged its total expenditure for 2019-20 at Rs 27.86 lakh crore.

GDP growth slipped to 5 per cent in the first quarter, is expected to be worst in the second quarter- sub 5 per cent.

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

Govt cut corporate tax rates in a surprise move designed to woo manufacturers, revive private investment and lift growth from a 6-year low.

The government has set a fiscal deficit target of 3.4 per cnet for 2019-20, same as 2018-19.

The surplus transfer has assured investors and markets that there is unlikely to be any fiscal slippage.

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

According to the Forbes magazine, the number of billionaires in India is increasing.

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

Finance Minister Nirmala Sitharaman has cut the fiscal deficit target from 3.4 per cent to 3.3 per cent for FY 2019-20.