Page 25 - Latest Updates on Fiscal Deficit
Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March
Tax collections exceed Revised Estimates; Centre's fiscal deficit expected lower than 9.5% of GDP in FY21
 "Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March")
Covid forces Maha into debt trap; fiscal deficit highest since FY06: Report
The most-industrialised state''s fiscal deficit jumped to 3.3 per cent of gross state domestic product (GSDP) in 2020-21 as against the Budget Estimate of 1.7 per cent
 "Covid forces Maha into debt trap; fiscal deficit highest since FY06: Report")
India's fiscal deficit for April-Feb hits 76% of revised estimates
The government expects to earn revenues of Rs 1.85 trillion in March 2021, 40 per cent lower than what it earned in the year-ago period
 "India's fiscal deficit for April-Feb hits 76% of revised estimates")
India's April-Feb fiscal deficit at 76% of revised FY target: Govt data
Govt's total receipts during April-February stood at Rs 14,13,096 cr or 88.2% of the revised estimates presented in the Budget on Feb 1
 "India's April-Feb fiscal deficit at 76% of revised FY target: Govt data")
Bonds on watch
Inclusion in global indices would demand higher fiscal standards
 "Bonds on watch")
Assam's economic development picks up pace. Can state finances keep up?
The share of agriculture in Assam's GSDP has declined between FY15 and FY19, but due to its weak finances, the state govt has not been able to fully provide for the needs of the emerging sectors
 "Assam's economic development picks up pace. Can state finances keep up?")
Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more")
In spite of the pandemic
The Budget for 2021 makes a fresh beginning in dealing with numbers and estimates
Fiscal consolidation: States lack the flexibility that the Centre enjoys
While the Centre has an escape clause to deviate from the fiscal consolidation road map by 0.5 percentage point of GDP in times of exigency, states were not given any such escape clause
 "Fiscal consolidation: States lack the flexibility that the Centre enjoys")
Statsguru: From Bihar to West Bengal, a peep into state Budgets
To keep their expenditure at the desired levels at a time of significant revenue losses, all states have expanded their fiscal deficits - similar to what the Centre did last month
 "Statsguru: From Bihar to West Bengal, a peep into state Budgets")
Best of BS Opinion: Job quotas, banking on slower recovery, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Job quotas, banking on slower recovery, and more")
Banking on slower recovery
The Centre's current deficit glide path reveals a conservative stance on growth
Fiscal deficit hits Rs 12.34 trillion at end of January, shows data
The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)
 "Fiscal deficit hits Rs 12.34 trillion at end of January, shows data")
India's April-Jan fiscal deficit hits 66.8% of full-year target
The federal fiscal deficit in the 10 months to end-January stood at 12.34 trillion rupees ($167 billion)
 "India's April-Jan fiscal deficit hits 66.8% of full-year target")
Tamil Nadu budget: Fiscal deficit may widen by 5% of GSDP to Rs 96,890 cr
State tax revenue seen declining by 18%, says Deputy CM and Finance Minister Panneerselvam, while presenting interim budget
Reining in fiscal deficit key to India keeping investment grade rating: S&P
S&P currently has India at 'BBB-'
Finance commission recommendations aren't a one-day match: N K Singh
In a Q&A, the chairman of the 15th Finance Commission is emphatic that cooperative federalism remains robust and dwells on the possibilty of dividing agro infra cess between Centre and states
 "Finance commission recommendations aren't a one-day match: N K Singh")
Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more")
Fiscal doves in India: right and wrong
The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced
Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn
A month into the vaccination drive, which has covered more than 8.5 million so far, the health ministry has indicated that Covid-19 vaccines are not likely to be there in the open market anytime soon
 "Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn")