Page 40 - Latest Updates on Fiscal Deficit
GST, VAT collection dips as 6 states' tax revenue till November FY20 falls
On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period
 "GST, VAT collection dips as 6 states' tax revenue till November FY20 falls")
Budget 2020: Govt may consider tax sops, easier norms to boost investments
Revenue projections may be realistic this time
 "Budget 2020: Govt may consider tax sops, easier norms to boost investments")
Calibrating the policy mix
The right fiscal-monetary-external balance must be achieved to nurture and harness a nascent recovery
 "Calibrating the policy mix")
Challenges before FM: Boosting growth, reining in fiscal deficit
Economic slowdown leaves Finance Minister Nirmala Sitharaman with a difficult choice in her second Budget - whether to rein in fiscal deficit or widen ot to stimulate the economy
 "Challenges before FM: Boosting growth, reining in fiscal deficit")
Budgetary over-reach: There is a price for trying to do too much in Budgets
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan
Fiscal deficit may widen to 3.8% for current financial year: Report
A correction in consumption demand is cited as a major reason for a dip in economic growth to a decadal low of 5 per cent
 "Fiscal deficit may widen to 3.8% for current financial year: Report")
BJP wants Sitharaman to give rural, infrastructure push in upcoming Budget
According to party, meeting fiscal deficit not the real economic issue for the government
 "BJP wants Sitharaman to give rural, infrastructure push in upcoming Budget")
Over-estimation of GDP numbers in Budget disturb fiscal calculations
Tax receipts are expected to fall by Rs 2.5 trillion which may also be caused by the corporation tax and GST rate cuts
 "Over-estimation of GDP numbers in Budget disturb fiscal calculations")
The new axis of infrastructure
India's massive infrastructure build-out targets need an all-hands-on-deck effort
Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival
Markets to open for regular trading on February 1
 "Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival")
Glitter versus gold in policy-making
Three years of slowing growth hold two important lessons for the Budget
 "Glitter versus gold in policy-making")
India Ratings pegs Centre's fiscal deficit at 3.6% of GDP ahead of Budget
In its outlook for FY21, it projected the deficit to be 3.4 per cent in the next year against 3 per cent given in the papers presented under the Fiscal Responsibility and Budget Management (FRBM)
 "India Ratings pegs Centre's fiscal deficit at 3.6% of GDP ahead of Budget")
GDP to grow by 5.5% in FY21 but downside risks persists: India Ratings
The government has announced a slew of measures recently to prop-up the economy, but Ind-Ra believes they will come to aid only in the medium term
 "GDP to grow by 5.5% in FY21 but downside risks persists: India Ratings")
Revival lessons from 2008 stimulus
The persisting downturn is resulting in lower revenues and rising deficit, reducing the space for a fiscal stimulus
 "Revival lessons from 2008 stimulus")
How well did the Modi govt manage its fiscal deficit in the last 6 years?
A comparison of Modi govt's management of fiscal deficit with UPA-2
 "How well did the Modi govt manage its fiscal deficit in the last 6 years?")
FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report
"This year, there will be a realistic assessment of the nominal GDP," said a source.
 "FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report")
At least Rs 1.5-2 trn capital infusion is needed: Ficci chief Sangita Reddy
If there's a time-bound plan to raise Rs 3-5 trillion through disinvestment, which is more than adequate to cover the spending, it won't affect the ratings, says Sangita Reddy
 "At least Rs 1.5-2 trn capital infusion is needed: Ficci chief Sangita Reddy")
Budget 2020: FY21 fiscal deficit likely to be around 3.5% of GDP
In the pre-Budget meetings, economists and experts have been advising Sitharaman and Prime Minister Narendra Modi to leave aside fiscal concerns
 "Budget 2020: FY21 fiscal deficit likely to be around 3.5% of GDP")
Don't lose sight of the long term
There could be disruptions in the near term, but ultimately the economy will bottom out
 "Don't lose sight of the long term")
FinMin may use more cash management bills in FY21 to meet debt obligations
Though the Union Budget 2020 will decide the fiscal deficit for the next financial year, it is now almost certain that the current fiscal deficit of 3.3 per cent may be unattainable
 "FinMin may use more cash management bills in FY21 to meet debt obligations")