_660_020119062747.jpg "Budget 2019: Glided fiscal path a negative surprise, RBI to view it as inflationary, says Nomura")
Nomura estimated these tax benefits to the middle income class leading to a benefit of Rs 18,500 crore i.e. 0.1 per cent of GDP.
Chidambaram said that he is a strong supporter of the use of Hindi and English as official languages, but criticised the use of both the languages together.
The budget needs to play a facilitating role in expediting the current pace of reforms and creating a conducive environment to boost the competencies of the sector.
Finance Minister Arun Jaitley is expected to announce the target while presenting an interim budget on Feb. 1
"We view this continued slippage as credit negative for the sovereign," the agency said in its quick note on the interim budget.
The minister also informed the Lok Sabha that the government is providing Rs 500 crore initially for the scheme in the Budget.
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