GST rate cut impact to be taken care of by rising expenditures: DEA's Subhash Chandra Garg

The government is hopeful of meeting its fiscal deficit target of 3.3% of gross domestic product (GDP) in an election year. About 3-4 months have gone by, but there is no evidence of excessive populist expenditure on the fiscal side, says Department of Economic Affairs (DEA) secretary Subhash Chandra Garg.  

GST rate cut impact to be taken care
As far as supplementary grant is concerned, we had a commitment towards Air India for around Rs 2,000 crore as part of the turnaround plan. Image source: DNA

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