Fiscal consolidation with welfare measures, budget may see a mild increase in Capex: Emkay

New Delhi [India], July 20 (ANI): The upcoming Budget will still set the stage for policy choices ahead, and will be watched for pace of fiscal consolidation and policy priorities on capex and non-capex spend says Emkay Union Budget preview.

The fiscal buffer from the Reserve Bank of India's (RBI) excess dividend, amounting to 0.4 per cent of GDP, is likely to be disproportionately allocated towards the rural, farm, and w