Page 3 - Fiscal Consolidation

Ease fiscal consolidation in Budget, hike health spend, economists urge FM

Also call for efforts to enhance exports, build farm infrastructure

Winding down liquidity to be challenge for RBI going forward: Subbarao

Ex-RBI governor says road map for fiscal consolidation starting 2022 would be prudent. Though expansionary fiscal policy is a pressing need, govt spend on health and education would benefit economy

A three-pronged strategy

Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues

Why fiscal rules should be revisited

According to the revised FRBM rules, as amended by the Finance Act, 2018, the central government debt stock should not exceed 40 per cent of GDP by the end of financial year 2024-25

Budget 2020: Fiscal consolidation hinges on revenue, says Aditi Nayar

Although, a gross tax revenue expansion of 12 per cent seems reasonable in light of the 10 per cent growth expected in the nominal GDP in FY20-21, the revenue assumptions made for FY20 seem aggressive

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

The share of capital expenditure has shown a declining trend over the last twenty years

Budget 2019 to boost investments without any comprise in fiscal goals: FM

Replying after a general discussion on the Union Budget 2019-20 in the Rajya Sabha, the minister said, 'Comprehensive steps' have been envisaged for the next 10 years.

Budget 2019: Fiscal goals to welfare, DBS lauds mix of continuity, change

Credit flow is likely to return to the NBFCs once the asset-liability mismatch has been tended too, with banks, meanwhile, likely to come back to the fore," said economist Rao at DBS group research

Keeping the focus on fiscal consolidation

India has to compare its tax rates not with the more developed economies but with the ones that are closer home

N K Singh bats for keeping a check on the Centre's fiscal consolidation

Singh had recommended the fiscal road map for the Centre and states

Govt should stick to existing fiscal consolidation: PM's Advisory council

The CSO in its latest forecast, has pegged GDP to grow at a rate of 7.2% for 2018-19

GST, farm debt waivers likely to hit fiscal consolidation

Liabilities of states that opted for UDAY may increase

Moody's: Fiscal consolidation key for ratings upgrade

Moody's Investors Service could consider upgrading India's sovereign rating if the government's planned fiscal consolidation is faster than its expectations, Marie Diron, a senior vice-president at the agency's Sovereign Risk Group told Reuters on Thursday.However, if the government slowed its fiscal consolidation plans or faltered on its reform implementation, the ratings agency would stabilise the rating at the current "Baa3," Diron said."What would potentially trigger an upgrade would be a faster progress in fiscal consolidation than we are currently expecting," Diron said in a telephone interview from Singapore. The ratings agency currently rates India at 'Baa3', the lowest investment grade rating, with a 'positive' outlook. Diron added Moody's was focussing on the credibility and effectiveness of the country's monetary policy framework more than on who the central bank governor was when asked about the re-appointment of the Reserve Bank of India Governor Raghuram Rajan to a second