Over the last fortnight or so, finance minister Nirmala Sitharaman has gone off the public grid as it were. While she has—as insiders reveal—diligently gone about her task of putting together her first Union budget, she has at the same time kept a low public profile. While we will have to await the presentation of the Union budget on 5 July for the specifics, some broad trends, gleaned from the recent submissions by the PM at various forum, are apparent. The obvious options are revving it up either through consumption—read enhanced government spending—or stoking a revival in the investment cycle. It is clear then that the stage is set for the presentation of the Union budget.

Source: Mint June 30, 2019 17:26 UTC