Page 10 - Latest Updates on Fiscal Deficit
Centre may hike transfers to farmers under PM Kisan, MGNREGA: Elara Capital
It added that the Centre is likely to retain the fiscal deficit target of 5.1 per cent for 2024-25 with a possibility of a downward revision of 10 basis points
 "Centre may hike transfers to farmers under PM Kisan, MGNREGA: Elara Capital")
Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target
Fiscal deficit at Rs 50,615 crore in April-May FY25, according to CGA data
 "Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target")
RBI bonus trims April-May fiscal deficit to 3% of entire FY25 target
The fiscal deficit in the corresponding period last year was 11.8 per cent of the budget estimates at Rs 2.1 trillion
 "RBI bonus trims April-May fiscal deficit to 3% of entire FY25 target")
China's fiscal revenue drops 2.8% in January-May as weak demand drags
Fiscal expenditure rose 3.4 per cent in the first five months, versus a 3.5 per cent gain in the first four months
 "China's fiscal revenue drops 2.8% in January-May as weak demand drags")
What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?
Finance Minister Nirmala Sitharaman is expected to maintain fiscal deficit target at 5.1% for FY25
 "What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?")
Budget 2024: MSME ministry gets 'positive' feedback on 45-day payment rule
Any change in Finance Bill prerogative of finance ministry, says official
 "Budget 2024: MSME ministry gets 'positive' feedback on 45-day payment rule")
Modi govt plans to stick to deficit target despite Lok Sabha poll setback
Rating agencies and analysts have said the government may step up welfare spending as well as support for states represented by partners in the National Democratic Alliance
 "Modi govt plans to stick to deficit target despite Lok Sabha poll setback")
Bond investors worried as weak Modi victory fans fiscal populism fears
Fiscal discipline has been a hallmark of Modi's decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit
 "Bond investors worried as weak Modi victory fans fiscal populism fears")
India's fiscal deficit in FY24 improved to 5.6% of GDP: Govt data
A fiscal deficit arises when government spending exceeds revenue
 "India's fiscal deficit in FY24 improved to 5.6% of GDP: Govt data")
India's FY24 fiscal deficit lower than full-year target, shows govt data
The fiscal deficit came in at Rs 16.54 trillion ($198.34 billion), or 95.3% of the estimate, even as the government continued its record infrastructure spending to boost the economy
 "India's FY24 fiscal deficit lower than full-year target, shows govt data")
Record RBI dividend at 0.6% of GDP may not be sustained, says Fitch
Fitch said an important driver of higher RBI profits appears to be higher interest revenue on foreign assets, though the central bank has not yet provided a detailed breakdown
 "Record RBI dividend at 0.6% of GDP may not be sustained, says Fitch")
RBI dividend usage to signal new govt's fiscal priorities: Ratings agencies
The general elections are currently underway and a new government would be formed sometime next month. A full budget for 2024-25 fiscal would be tabled in July
 "RBI dividend usage to signal new govt's fiscal priorities: Ratings agencies")
India's new govt will be spoilt for choice with $25 bn extra in kitty
On Wednesday, the RBI announced a record Rs 2.11 trillion dividend transfer to the government
 "India's new govt will be spoilt for choice with $25 bn extra in kitty")
RBI's surplus transfer sparks hope for reduced govt borrowing by Rs 1 trn
Bond market participants are now focusing on the monetary policy meeting in June to assess the central bank's liquidity stance
 "RBI's surplus transfer sparks hope for reduced govt borrowing by Rs 1 trn")
Fiscal bonanza
RBI transfer should be used for fiscal consolidation
India to get rating support if it uses RBI dividend to reduce deficit: S&P
The interim budget presented in Parliament earlier in the year targets a fiscal deficit of 5.1 per cent of the GDP
Bumper RBI dividend of Rs 2.11 trillion to give govt more fiscal room
Economists said that the government may not need much borrowing because of the highest-ever transfer of surplus to the government
Will stock market crash if BJP gets less than 270 seats in Lok Sabha polls?
In the worst case scenario where the NDA is unable to secure a majority (seats less than 272), analysts at Bernstein expect 'heavy profit booking' in the markets with low or negligible returns
 "Will stock market crash if BJP gets less than 270 seats in Lok Sabha polls?")
India's fiscal deficit for FY24 likely to be better than expected
Govt capex for the last financial year also in line with projections, say sources
 "India's fiscal deficit for FY24 likely to be better than expected")
FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report
India's income tax receipts rose 17.7% year-on-year to nearly $235 billion in 2023/24, higher than government's projection
 "FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report")