INSUBCONTINENT EXCLUSIVE:
Government plans to use revenue collections to fund welfare schemesGovernment will utilise a big jump in revenue collection to fund welfare
programmes instead of trying to beat its fiscal deficit target or lower borrowing, two government sources told Reuters.The country is set to
we should be able to exceed the tax collection target for the year but will use the funds for rural job programme and subsidies," said one
of the officials, both of whom declined to be identified talking about market-sensitive figures."Fiscal deficit and borrowing will be at the
budget estimate levels."The finance ministry declined to comment.Before the fuel tax cut, many economists had predicted India bettering its
on its next budget to be presented on February 1.Prime Minister Narendra Modi's administration is planning to top up its rural
