Finance Minister of India Nirmala Sitharaman (Source: PTI)
As the government doesn’t have the flexibility on expenses, the key to presenting a game-changing budget could lie on the income side, according to veteran fund manager Nilesh Shah.The budget allocates expenses to a fixed set of segments like salary, pension and defence, leaving no room on expenses, Shah, managing director of Kotak Asset Management Company, said in a BQ Edge event, BloombergQuint’s on-ground initiative. Effectively, ...