Page 20 - Latest Updates on Fiscal Deficit
Govt's huge welfare scheme expenses hitting public finances: Yashwant Sinha
Ex finance minister Yashwant Sinha said huge expenditure on welfare schemes by Modi govt has impacted public finances which are currently in a mess with fiscal deficit touching abnormally high level
 "Govt's huge welfare scheme expenses hitting public finances: Yashwant Sinha")
Centre's April-January fiscal deficit touches 58.9% of full-year target
Revenue expenditure was Rs 23.68 trillion, or 74.7% of RE compared with 71.6%
 "Centre's April-January fiscal deficit touches 58.9% of full-year target")
India's April-January fiscal deficit touches 58.9% of FY22 target: Govt
In actual terms, the deficit was Rs 9.37 trillion at end-January 2022 against upwardly revised annual estimate of Rs 15.91 trn
 "India's April-January fiscal deficit touches 58.9% of FY22 target: Govt")
Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief
Business Standard brings you the top headlines on Monday
 "Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief")
Amending the FRBM Act
For two years running, the finance ministry has excused itself from providing a projection of its fiscal consolidation plan
 "Amending the FRBM Act")
Fiscal deficit will come down once revenues start to grow: Tarun Bajaj
Union Revenue Secretary Tarun Bajaj on Friday said that the country's fiscal deficit will come down once revenues start to grow.
 "Fiscal deficit will come down once revenues start to grow: Tarun Bajaj")
Once low-profile NSSF now a key player in Centre's finances for past 7 yrs
While govt's market borrowings have doubled from FY16 to FY22, NSSF loans to finance fiscal deficit have grown 11x
 "Once low-profile NSSF now a key player in Centre's finances for past 7 yrs")
Little fiscal headroom for govt to respond to future shocks: Fitch
Rating agency says it revised Outlook on India's rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic impact on public finance metrics
 "Little fiscal headroom for govt to respond to future shocks: Fitch")
Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL
Conservative receipts' estimates have led to higher-than-expected fiscal deficit target in the Union Budget FY23, said Motilal Oswal Financial Services
 "Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL")
Ready Reckoner: FM Sitharaman's fourth Budget places emphasis on growth
Indirect taxes shall rise 5.5 per cent, on the back of a 15.6 per cent increase in spending in FY23
 "Ready Reckoner: FM Sitharaman's fourth Budget places emphasis on growth")
The risks of minimalism
One should not rule out Ms Sitharaman doing better than what she has projected for next year's total revenue numbers
 "The risks of minimalism")
LIVE: This Budget brings more infra, more growth and more jobs, says PM
Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights
 "LIVE: This Budget brings more infra, more growth and more jobs, says PM")
Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%
The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022
 "Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%")
Budget 2022 LIVE: Govt to take balanced view on cryptocurrency, says Sanyal
The issue of cryptocurrency has not been covered in the Economic Survey 2021-22, Principal Economic Adviser said in an interaction with media
 "Budget 2022 LIVE: Govt to take balanced view on cryptocurrency, says Sanyal")
Economic Survey: India on track to meet FY22 fiscal deficit target
India will comfortably meet its fiscal deficit FY22 target on the back of a strong rebound in revenues, said the Economic Survey 2021-22
 "Economic Survey: India on track to meet FY22 fiscal deficit target")
Economic Survey 2022 Highlights: Geopolitical risks bubbling up, says PEA
Economic Survey 2022 Highlights: India's FY22 GDP growth is seen at 9.2 per cent and GDP growth for 2023 is projected at 8 per cent to 8.5 per cent, according to reports
 "Economic Survey 2022 Highlights: Geopolitical risks bubbling up, says PEA")
Budget 2022 likely to boost spending with near-record debt, hold tax rates
Finance Minister will probably increase the budget by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April.
 "Budget 2022 likely to boost spending with near-record debt, hold tax rates")
Budget should maximise capex, set stage for MPC to control inflation
Budget 2022: ICRA expects a satus quo on the stance of the monetary policy as well as the reverse repo rate in the upcoming meeting of the Monetary Policy Committee.
 "Budget should maximise capex, set stage for MPC to control inflation")
LIVE: Delhi govt fixes maximum price for RT-PCR tests in pvt labs at Rs 300
Rapid antigen test to detect Covid to be done at Rs 100, says govt
 "LIVE: Delhi govt fixes maximum price for RT-PCR tests in pvt labs at Rs 300")
What is Fiscal Deficit?
Equity markets will have a reason to cheer if the government reins in its fiscal deficit target at 6.25% of gross domestic product, a recent survey claimed. Find out how the government manages it
 "What is Fiscal Deficit?")