close
Sensex (-0.33%)
66009.15 -221.09
Nifty (-0.34%)
19674.25 -68.10
Nifty Smallcap (0.10%)
5734.20 + 5.45
Nifty Midcap (-0.11%)
40139.15 -45.70
Nifty Bank (-0.03%)
44612.05 -11.80
Heatmap

Political economy of fiscal responsibility

The economy requires a fiscal battle plan and this, in turn, requires a fiscal responsibility framework

Image
Premium

5 min read Last Updated : Jan 8 2021 | 2:48 AM IST
Follow Us
The International Monetary Fund and the Organisation for Economic Co-operation and Development, long advocates of fiscal restraint, are now advocating expansionary fiscal policies. Some commentators see this as an argument
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Also Read

Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%

Has the fiscal deficit reached 83% of FY21 target in Q1 itself? Not really

Carrying the ideas of NEP to execution

In search of a new fiscal road map

Revenue stress: Fiscal deficit in first half soars to 115% of target

Decolonising climate action

Why the fifteenth finance commission report merits a proper discussion

GST, farm Bills and 4 other events that widened Centre-state trust deficit

It is not too late, but it soon will be

The myth of India's import dependence

Army's pivot to the north

The long-term growth opportunity 2021 presents

Flexible inflation targeting: Fix the underlying first - it is broken

Exports: A post-Covid opportunity

Two steps to boost broadband usage

Topics : Fiscal Policy Fiscal Deficit Indian Economy fiscal economics Budget International Monetary Fund OECD FRBM Fiscal prudence Finance Commission

First Published: Jan 7 2021 | 10:33 PM IST

Explore News

Stock Market Live UpdatesRajya Sabha Passes Women's Reservation BillStock To Watch TodayLatest News LiveIndi vs Aus ODI Playing 11Apple's iPhone 15 SaleParliament special session LIVEGold-Silver PriceExpendables 4Glenmark Pharma Share

Companies News

Apple outpaces Samsung to become largest smartphone exporter from IndiaApple's iPhone 15 goes on sale today, long queues outside Mumbai store

Election News

Telangana IT Minister K T Rama Rao accuses PM Modi of misleading youthCourt rejects Ashok Gehlot's acquittal plea in defamation case by Shekhawat

India News

Parliament special session: Rajya Sabha passes women's reservation BillParliament special session LIVE: LS logged 132% productivity, says Om Birla

Economy News

Discussion underway to ease FDI norms in space sector, says officialIndia unlikely to export sugar in 2023-2024, says ED&F Man Commodities
To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com
Continue
Business Standard
FROM BS WEBSITEHomeCompaniesMarketsOpinionIndia NewsTechnologyPersonal FinanceHome Loan CalculatorLatest NewsEducationPartner ContentSpecialsToday's PaperAuthorPolitics News
ABOUT USAbout UsCode of ConductTerms & ConditionsPrivacy PolicyCookie PolicyDisclaimerInvestor CommunicationList of our GST registration numberCompliance
SUPPORT & CONTACTPartner with UsCareersAdvertise with UsContact UsFeedbackBrowser SupportSitemap
READER CENTREE-PaperMy PagePortfolioRegistrationSubscribeCustom Payment
BS PRODUCTSBS HindiiPhoneBS Apps
EVENTRajasthan ElectionsTelangana ElectionsMadhya Pradesh ElectionsChhattisgarh ElectionsMizoram ElectionsAssembly Election 2023Lok Sabha Election 2024Budget
SPORTSAsian Games 2023World Cup 2023Cricket News
Copyrights © 2023 Business Standard Private Ltd. All rights reserved
LinkedIN Icon