Page 38 - Latest Updates on Fiscal Deficit
Top 10 biz headlines: New tax dispute resolution scheme; F15EX jets for IAF
From expanding the scope to cover litigation pending in arbitration forums to Boeing offering F-15EX fighters to India, here are the top business headlines of the day
 "Top 10 biz headlines: New tax dispute resolution scheme; F15EX jets for IAF")
Missing fiscal deficit target is in Budget DNA
The government of the day won't be able to resist the temptation to err on the side of expansion and leave it to its successors to pay for its excesses
 "Missing fiscal deficit target is in Budget DNA")
Beyond landslide victory: AAP has a tightrope walk on fiscal balance
Arvind Kejriwal government has to keep in mind that revenue and fiscal balances of the government do not deteriorate much if it expands its freebies
 "Beyond landslide victory: AAP has a tightrope walk on fiscal balance")
Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans
From SoftBank eyeing minority stake in Mahindra Electric Mobility to DRDO chief calling for developing future tech, here are top 10 business headlines of the day
 "Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans")
India's fiscal gap one of the highest among major emerging markets
Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019
 "India's fiscal gap one of the highest among major emerging markets")
Centre's fund crunch pulls down cities; rich Mumbai struggles too
State government accounts deserve scrutiny because they collectively spend 36 per cent more than the federal administration
 "Centre's fund crunch pulls down cities; rich Mumbai struggles too")
Modi says govt focus is on 'maximum job creation', attacks Opposition
He accused the Congress party of delaying the development of the country for 70 years
 "Modi says govt focus is on 'maximum job creation', attacks Opposition")
Why a growth rate falling below 5% is a clear and present danger for India
At 5 per cent, GDP growth in the current year would be an 11-year low. Worse, this will also mark a deceleration for a third straight year, writes A K Bhattacharya
 "Why a growth rate falling below 5% is a clear and present danger for India")
Beyond numbers
Budget speech should have been fact-checked
 "Beyond numbers")
Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman
Sitharaman said her ministry is motivating tax officers to meet the collection targets and not forcing them to do so
 "Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman")
We have reprioritised spending to be more productive: Expenditure Secretary
If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent
 "We have reprioritised spending to be more productive: Expenditure Secretary")
Budget stimulus unlikely to revive India's growth from slowdown: Experts
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost
 "Budget stimulus unlikely to revive India's growth from slowdown: Experts")
Govt very transparent in setting new fiscal deficit target: FM Sitharaman
She further said that many people have been speculating that the fiscal deficit would cross 4%
 "Govt very transparent in setting new fiscal deficit target: FM Sitharaman")
Analysts expect RBI rate hike, see FY21 fiscal deficit target challenging
Goldman Sachs said the central bank will shift the stance of the monetary policy to "neutral" from "accommodative" at this week's review
 "Analysts expect RBI rate hike, see FY21 fiscal deficit target challenging")
Budget session LIVE updates: Congress protests against Anurag Thakur in LS
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
 "Budget session LIVE updates: Congress protests against Anurag Thakur in LS")
A prudent Budget that is unlikely to revive faltering economic growth
Fiscal prudence has been given priority over fiscal stimulus which will contain the growth of debt liabilities, but it will not provide the strong public expenditure push required for reviving growth
 "A prudent Budget that is unlikely to revive faltering economic growth")
Budget: A few positive prescriptions for a slow cure, says JM Financial MD
It is reassuring to see that the deficit target was kept within expected lines and 10 per cent growth in nominal gross domestic product is projected
 "Budget: A few positive prescriptions for a slow cure, says JM Financial MD")
Risks of revised estimates
How a potential fiscal deficit of 4.65% of GDP was brought down in the 2019-20 revised estimates
Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research
The revised deficit target is propped on the belief that the divestment will fetch Rs 65,000 crore through the next two months
Nirmala Sitharaman's Budget 2020: Balancing act or leap of faith?
FM fights shrinking fiscal space by increasing non-tax revenue, freezing growth in subsidies