Page 29 - Latest Updates on Fiscal Deficit
Budget 2021 can be a turning point in India's socialist orientation
The government focuses on developing infrastructure, dares to gamble on deficit.
 "Budget 2021 can be a turning point in India's socialist orientation")
Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601
All that happened in the markets today
 "Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601")
Budget 2021 is fiscally stimulating, but more on expenditure side
Budget has delivered a fairly effective boost on capex while bringing about some reforms in the financial sector
 "Budget 2021 is fiscally stimulating, but more on expenditure side")
Budget 2021: Govt pegs FY21 fiscal deficit at 9.5% of GDP, says FM
Finance Minister Nirmala Sitharaman said on Monday the fiscal deficit for FY21 has been pegged at 9.5 per cent of the GDP and will come down to 6.8 per cent in FY22
 "Budget 2021: Govt pegs FY21 fiscal deficit at 9.5% of GDP, says FM")
Fiscal deficit for FY22 pegged at 6.8% of GDP, announces FM Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the government estimates fiscal deficit of 6.8 per cent of the gross domestic product (GDP) in the next financial year beginning April 1
 "Fiscal deficit for FY22 pegged at 6.8% of GDP, announces FM Sitharaman")
Covid spending to tax revenue: Key numbers to watch out for in Budget 2021
Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be a "economic vaccine" for the pandemic-battered economy.
 "Covid spending to tax revenue: Key numbers to watch out for in Budget 2021")
At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget
Since the collections were till 6 pm on January 31, some more money is expected to come into the government coffers for the month
 "At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget")
Hit hard by Covid-19 lockdown, economy on firm path of fragile recovery
Though the first case of Covid was detected at the end of January last year, the impact on the economy began to be felt towards the end of March, when the first nationwide lockdown was announced
 "Hit hard by Covid-19 lockdown, economy on firm path of fragile recovery")
Fiscal activism
Govt should tread carefully on this path
 "Fiscal activism")
A call to print more money: Economic Survey sees a 'V-shaped recovery'
Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey
 "A call to print more money: Economic Survey sees a 'V-shaped recovery'")
India's fiscal deficit soars to Rs 11.6 trillion at December end
According to the data released by the Controller General of Accounts (CGA), the fiscal deficit at the end of December in the previous fiscal year was 132.4 per cent of the BE of 2019-20
 "India's fiscal deficit soars to Rs 11.6 trillion at December end")
Economic Survey 2020-21 prioritises growth over fiscal consolidation
India's recovery can be faster than many other economies if the budgetary allocations are appropriately prioritized, writes D K Srivastava.
 "Economic Survey 2020-21 prioritises growth over fiscal consolidation")
Budget should eye growth; fiscal deficit may fall to 6.2% in FY22: Report
The forthcoming Union Budget should focus more on putting the economy back on track, according to a report
 "Budget should eye growth; fiscal deficit may fall to 6.2% in FY22: Report")
Five things the market will be watching in FM Sitharaman's third Budget
It has reacted negatively to her previous two budgets. This time too, it has come off over 5 per cent from the highs
 "Five things the market will be watching in FM Sitharaman's third Budget")
IMF revises India growth forecast, sees GDP shrinking at sharper 8% in FY21
Expects economy to grow 11.5% next year, which could slightly correct govt's fiscal mathematics
 "IMF revises India growth forecast, sees GDP shrinking at sharper 8% in FY21")
An impossible combination of things that India's Budgets attempt
Successive Indian governments have tried to do what they can't: target economic growth and equitable distribution simultaneously
Budget 2021 may show Centre's fiscal deficit at 5.5% of GDP for FY22
The significant shortfall in receipts is likely to lead to the doubling of fiscal deficit to an estimated 6.9 per cent of GDP in FY21
 "Budget 2021 may show Centre's fiscal deficit at 5.5% of GDP for FY22")
Feasible fiscal path
Quality of expenditure shouldn't be compromised
 "Feasible fiscal path")
Best of BS Opinion: Feasible fiscal path, inadequate cover, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Feasible fiscal path, inadequate cover, and more")
Fiscal deficit of states to hit peak of Rs 8.7 trn as tax collections slide
The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states, Crisil said
 "Fiscal deficit of states to hit peak of Rs 8.7 trn as tax collections slide")