Page 45 - Latest Updates on Fiscal Deficit
Letter to BS: Govt must strike balance between savings and expenditure
The huge shortage in GST collection last year has widened the fiscal deficit
 "Letter to BS: Govt must strike balance between savings and expenditure")
After RBI bailout, doubts emerge on how govt will pay for schemes in future
PM Modi announced a flurry of ambitious programmes to win over voters; he now has to find resources to fund recurring expenses for farm income, employment guarantees and health access
Why India could miss fiscal deficit target for the current financial year
By the end of 2019, govt could be forced to raise the fiscal deficit target to 3.5% of GDP from the current target of 3.3% as pressure for more stimulus mount
 "Why India could miss fiscal deficit target for the current financial year")
Fiscal deficit crosses 77% of budgeted target in first four months of FY20
The deficit stood at 8.8 per cent of gross domestic product (GDP) in the first quarter of FY20 (Q1FY20)
 "Fiscal deficit crosses 77% of budgeted target in first four months of FY20")
Fiscal deficit crosses 77% of budgeted target in first 4 months of FY20
Net tax receipts in the first four months of the fiscal year were Rs 3.39 trillion, while total expenditure was Rs 9.47 trillion, government data showed
 "Fiscal deficit crosses 77% of budgeted target in first 4 months of FY20")
Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more
From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday
 "Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more")
Govt may contain fiscal deficit at 3% in FY20 after RBI's surplus transfer
The fiscal deficit target seemed challenging with subdued tax collections
FM's fiscal stimulus can boost consumption ahead of festive season
The FM also promised to accelerate the processes for GST refunds
 "FM's fiscal stimulus can boost consumption ahead of festive season")
Minutes of MPC meeting: Fixing weak economic growth remains top priority
What is telling is that large swings in the Indian business cycle are still not a thing of the past, despite the adoption of inflation targeting in India
 "Minutes of MPC meeting: Fixing weak economic growth remains top priority")
Crafting a fiscally neutral stimulus
With a slew of industries in the grip of a prolonged slump, a package of measures that will boost demand without burdening the exchequer is imperative
 "Crafting a fiscally neutral stimulus")
Misleading fiscal deficit
CAG's view on Budget numbers has merit
 "Misleading fiscal deficit")
Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia
Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further
 "Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia")
Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool
Resources for other UTs are allotted from the central government's coffers
 "Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool")
Three contradictions that hobble Modi govt's response to economic slowdown
The Modi regime wants a bigger role for the government but it does not have the comfort of having enough financial resources
 "Three contradictions that hobble Modi govt's response to economic slowdown")
Where do numbers go: CAG, finance ministry spar over off-Budget financing
The issue has been flagged in audit reports by the CAG tabled in Parliament in February this year, as well as in its recent presentations to the 15th Finance Commission
 "Where do numbers go: CAG, finance ministry spar over off-Budget financing")
April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark
Data by the Controller General of Accounts showed that total expenditure for April-June was Rs 7.22 trillion
 "April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark")
Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate
The CGA data showed that revenue receipts of the government during April-June, 2019-20 was 14.4 per cent of the Budget Estimate
Fiscal deficit crosses 61% of budgeted target in first 3 months of FY20
Net tax receipts in the first three months of the fiscal year were Rs 2.51 trillion
 "Fiscal deficit crosses 61% of budgeted target in first 3 months of FY20")
Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit
 "Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60")
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")