Page 43 - Latest Updates on Fiscal Deficit
Steeply falling revenue risks fiscal parameters, could be a challenge: RBI
What is more pertinent is the divestment revenue. Of the Rs 1.05 lakh crore budgeted for the year, only 17 per cent have been achieved so far
 "Steeply falling revenue risks fiscal parameters, could be a challenge: RBI")
India should avoid fiscal stimulus and reduce public debt, IMF says
Government needs a credible consolidation path to rein in debt, including reducing subsidies and boosting the tax base, says IMF.
 "India should avoid fiscal stimulus and reduce public debt, IMF says")
India must stick to fiscal consolidation in medium-term, says Gita Gopinath
India's consolidated deficit (the Centre and states combined) is the highest among G20 nations, she added. "So, it's not a free lunch and this has to be very carefully managed," she said
 "India must stick to fiscal consolidation in medium-term, says Gita Gopinath")
Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman
State FMs had met Sitharaman for a pre-Union Budget interaction
 "Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman")
Fiscal deficit for April-November likely stood at 107% of FY20 target
For the deficit to be 3.3 per cent of GDP, it assumes a nominal GDP growth of 12 per cent in FY20
 "Fiscal deficit for April-November likely stood at 107% of FY20 target")
Economic slowdown: States seek relaxation in fiscal deficit target to 4%
They also suggested measures to strengthen cooperation between states and Centre to attain $5 trillion economy
 "Economic slowdown: States seek relaxation in fiscal deficit target to 4%")
Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr
Net collection grows only 0.7% to Rs 6.75 trillion
 "Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr")
Fiscal profligacy can lead to critical situation: Former RBI Guv Subbarao
Subbarao pointed out that the nominal GDP growth has fallen to as low as 6.1%
 "Fiscal profligacy can lead to critical situation: Former RBI Guv Subbarao")
Infra spend has to grow, fiscal deficit can be raised: CII prez Kirloskar
When it comes to putting equity in business versus putting debt, equity should be more important, he said
 "Infra spend has to grow, fiscal deficit can be raised: CII prez Kirloskar")
Fiscal deficit may slip to 3.5-3.8% in FY20; govt set to miss 3.3% target
The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5% for any given year, provided there are justifications
 "Fiscal deficit may slip to 3.5-3.8% in FY20; govt set to miss 3.3% target")
Statsguru: Ball in the fiscal court as RBI keeps lending rates unchanged
The MPC underlined the rising consumer price inflation as one of the reasons
 "Statsguru: Ball in the fiscal court as RBI keeps lending rates unchanged")
Fixing the GST
Fundamental improvements to the flawed structure needed
 "Fixing the GST")
Markets expect govt to borrow Rs 80,000 cr more to bridge fiscal deficit
RBI waiting for Budget numbers has surprised the bond market
 "Markets expect govt to borrow Rs 80,000 cr more to bridge fiscal deficit")
CII calls for GST cut, expansionary policy to pull economy out of slowdown
The Centre's fiscal deficit has crossed the Budget FY20 projection of Rs 7.04 trillion by October itself
 "CII calls for GST cut, expansionary policy to pull economy out of slowdown")
Rescuing India's PSU behemoths coming at the cost of fiscal restraint
Modi has received more than $28 billion from state firms since he came to power in 2014, by extracting dividends or getting PSUs to buy out the government's stake
 "Rescuing India's PSU behemoths coming at the cost of fiscal restraint")
S&P reaffirms India's sovereign rating at BBB- with a stable outlook
S&P's reiteration of India's rating and outlook is good news for the government as it fights multiple fires on the economic front
 "S&P reaffirms India's sovereign rating at BBB- with a stable outlook")
Markets at a high, economy at a low
The markets are clear 5 per cent growth is not the new normal
 "Markets at a high, economy at a low")
Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target
This was 102.4% of the full-year target, compared with 103.9% for the same period last year
 "Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target")
India's April-October fiscal deficit at 102.4% of full-year target
Net tax receipts in the April-October period was Rs 6.83 trillion, while total expenditure was Rs 16.55 trillion, the data showed
 "India's April-October fiscal deficit at 102.4% of full-year target")
How should the government revive demand?
What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?
 "How should the government revive demand?")