Page 9 - Latest Updates on Fiscal Policy
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")
Budget strikes right balance between growth push and fiscal discipline: CEA
So, at least for me, the way I would look at it is that before the Budget, we were actually looking at 3.3 per cent for this year and 3 per cent for next year
 "Budget strikes right balance between growth push and fiscal discipline: CEA")
Stock markets cannot expect the moon every time: CBDT chairman P C Mody
A three per cent rise is definitely achievable
 "Stock markets cannot expect the moon every time: CBDT chairman P C Mody")
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 consistent with fiscal strategy; aimed at boosting demand
The fiscal multiplied impact of higher government consumption spending is coupled with signal to household sector to spend more
 "Budget consistent with fiscal strategy; aimed at boosting demand")
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
 "Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%")
Calibrating the policy mix
The right fiscal-monetary-external balance must be achieved to nurture and harness a nascent recovery
 "Calibrating the policy mix")
What can macro policy do?
Long-term structural reforms are required, such as a uniform GST and direct tax rates
 "What can macro policy do?")
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
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")
Glitter versus gold in policy-making
Three years of slowing growth hold two important lessons for the Budget
 "Glitter versus gold in policy-making")
Govt must batten down on expenditure, play long innings to fix economy
NRI and foreign economists should be ignored as completely as commentators are ignored by top class batsmen, writes TCA Srinivasa Raghavan.
 "Govt must batten down on expenditure, play long innings to fix economy")
Ex-CEA Subramanian against tax cuts, says no space for fiscal expansion
Subramanian further said that he thinks personal income tax cuts motivated by desired increased consumption are highly inequitable
 "Ex-CEA Subramanian against tax cuts, says no space for fiscal expansion")
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")
For states, balancing fiscal maths and capex will be challenging: CRISIL
The rating agency - in its Infrastructure Yearbook 2019, released on Tuesday - said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year
 "For states, balancing fiscal maths and capex will be challenging: CRISIL")
Deploy stimulus to revive economy or face stagnation, caution analysts
The central bank has already chopped 135 basis points off its key lending rate, but this has failed to spur demand
Come clean on fisc
Govt must not conceal how slowdown is impacting revenue
 "Come clean on fisc")
Fiscal policy and the growth slowdown
The question then is: On what should government spend this extra borrowing?
 "Fiscal policy and the growth slowdown")
Delink the deficits: Linking revenue and fiscal deficits will lead nowhere
Revenue deficit comprises political payouts that are impossible to reduce in any significant measure. Minimising political risk means increasing revenue deficit
 "Delink the deficits: Linking revenue and fiscal deficits will lead nowhere")