Page 31 - Latest Updates on Fiscal Deficit
Govt may have to apply brakes on existing fiscal consolidation road map
Centre may have to amend FRBM Act once again to achieve this, which isn't an issue as such an amendment does not require a two-third or three-fourth majority
 "Govt may have to apply brakes on existing fiscal consolidation road map")
Beyond Budget Headlines with AKB: Govt should invest in small-gestation projects
In this second episode of our special video series on Budget, A K Bhattacharya talks about fiscal deficit target, government spending and disinvestment goals
 "Beyond Budget Headlines with AKB: Govt should invest in small-gestation projects")
Watch: Beyond Headlines with AKB, Ep 1: Pandemic Budget or lockdown Budget?
FM Nirmala Sitharaman has said she will not hold back on spending to contain fiscal deficit
Beyond headlines: Will Budget 2021 be pandemic Budget or lockdown Budget?
In the first of a series of videos in the run-up to the Budget, Business Standard Editorial Director A K Bhattacharya gives his expert views on what to expect from this Budget
Fiscal deficit touches 120% of full-year target as revenues plummet
Experts estimate full year's fiscal deficit between 7 per cent and 9 per cent of GDP against 3.5 per cent estimated earlier by the government
India's fiscal deficit stands at 120% of annual target at October-end
The deficit widened mainly on account of poor revenue realisation.
Higher budget deficit looms as govt cuts spending on growth drivers
Spending on capital assets has so far trailed the so-called revenue expenditure that includes interest payments and overheads such as salaries
 "Higher budget deficit looms as govt cuts spending on growth drivers")
Why states should find newer resources rather than cut back on spending
For states staying within the fiscal deficit targets is important, but not by cutting back on expenditure
 "Why states should find newer resources rather than cut back on spending")
Combined fiscal deficit to cross 13%; govt debt to jump over 80%: Report
The Covid-induced growth contraction and additional spending to support the needy amounting to a little over 2% of the economy are likely to push the combined fiscal deficit to 13% of GDP this fiscal
Top headlines: Fiscal deficit soars 115%, Aarogya Setu app row, and more
From fiscal deficit soaring to 115% in first half to L&T still suffering from lockdown woes, here are the top headlines on Friday
 "Top headlines: Fiscal deficit soars 115%, Aarogya Setu app row, and more")
A new global debt crisis
China's role as lender has complicated relief efforts
Revenue stress: Fiscal deficit in first half soars to 115% of target
Gap between revenue, expenditure at Rs 9.13 trn, against Rs 7.9 trn estimated in Budget for full year
 "Revenue stress: Fiscal deficit in first half soars to 115% of target")
Best of BS Opinion: Interest-waiver issue, Covid-19 crisis, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Interest-waiver issue, Covid-19 crisis, and more")
The 10-year UPA/NDA government scorecard
I am not saying that focusing on the GDP growth rate and the fiscal deficit is a bad thing. Not at all. Both are important. But obsessing over them is stupid
Best of BS Opinion: China gaining traction, corporate frauds, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: China gaining traction, corporate frauds, and more")
Barking up the wrong tree
Strengthening the revenue forecasting system will yield better results than fixing deficit targets within a range
Centre to borrow Rs 1.1 trn to meet states' shortfall in GST compensation
The amount so borrowed will be passed on to the States as a back-to-back loan in lieu of GST Compensation Cess releases
 "Centre to borrow Rs 1.1 trn to meet states' shortfall in GST compensation")
IMF's debt recast programme should help nations overcome fiscal stress: FM
The initiative came into effect in April was initially agreed till end of 2020
 "IMF's debt recast programme should help nations overcome fiscal stress: FM")
Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report
The new schemes which will put an additional burden of Rs 40,000 crore on the government form 0.21 per cent of the GDP
 "Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report")
Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan
The combined fiscal deficit of states and centre during the current year may go up to 14 per cent against the mandated level of six per cent, former Reserve Bank Governor C Rangarajan said
 "Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan")