Page 23 - Fiscal Deficit

Top headlines: PPF, NSC interest rates unchanged; SpiceJet settles dispute

Business Standard brings you the top headlines on Thursday

India's fiscal deficit touched 82.7% of full-year target at end of Feb

In actual terms, the deficit stood at Rs 13.16 trillion at the end of February this year, as per the data released by the Controller General of Accounts

Safe for now, macro economy may take a hit if Russian-Ukraine war stretches

A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit

India's FY23 fiscal deficit likely to hit 6.7% on free grains move

Finance Minister Nirmala Sitharaman has pegged the Centre's capex for FY23 at Rs 7.5 trillion

Govt's huge welfare scheme expenses hitting public finances: Yashwant Sinha

Ex finance minister Yashwant Sinha said huge expenditure on welfare schemes by Modi govt has impacted public finances which are currently in a mess with fiscal deficit touching abnormally high level

Centre's April-January fiscal deficit touches 58.9% of full-year target

Revenue expenditure was Rs 23.68 trillion, or 74.7% of RE compared with 71.6%

India's April-January fiscal deficit touches 58.9% of FY22 target: Govt

In actual terms, the deficit was Rs 9.37 trillion at end-January 2022 against upwardly revised annual estimate of Rs 15.91 trn

Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief

Business Standard brings you the top headlines on Monday

Amending the FRBM Act

For two years running, the finance ministry has excused itself from providing a projection of its fiscal consolidation plan

Fiscal deficit will come down once revenues start to grow: Tarun Bajaj

Union Revenue Secretary Tarun Bajaj on Friday said that the country's fiscal deficit will come down once revenues start to grow. Speaking at a webinar organised by the Bengal Chamber of Commerce and Industry (BCCI), Bajaj said that the government had adopted a loose fiscal policy on the backdrop of increased capital expenditure. "The fiscal deficit at present is 6.9 per cent of the GDP. The target for 2025-26 is to bring down to 4.5 per cent. If we continue to grow our revenues, the fiscal deficit can come down by 0.1 or 0.2 per cent", he said. Next year, the targeted fiscal deficit is 6.4 per cent, Bajaj said, adding that the government had the opportunity to lower it further. "But increased capital expenditure by almost 35 per cent had forced us to keep the fiscal level at that level", he added. The Revenue secretary said since last year, the Centre had started giving money to the states for making capital expenditure. Unless this is done, the last mile infrastructure will not

Once low-profile NSSF now a key player in Centre's finances for past 7 yrs

While govt's market borrowings have doubled from FY16 to FY22, NSSF loans to finance fiscal deficit have grown 11x

Little fiscal headroom for govt to respond to future shocks: Fitch

Rating agency says it revised Outlook on India's rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic impact on public finance metrics

Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL

Conservative receipts' estimates have led to higher-than-expected fiscal deficit target in the Union Budget FY23, said Motilal Oswal Financial Services

Ready Reckoner: FM Sitharaman's fourth Budget places emphasis on growth

Indirect taxes shall rise 5.5 per cent, on the back of a 15.6 per cent increase in spending in FY23

The risks of minimalism

One should not rule out Ms Sitharaman doing better than what she has projected for next year's total revenue numbers

Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%

The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022

Economic Survey: India on track to meet FY22 fiscal deficit target

India will comfortably meet its fiscal deficit FY22 target on the back of a strong rebound in revenues, said the Economic Survey 2021-22

Budget 2022 likely to boost spending with near-record debt, hold tax rates

Finance Minister will probably increase the budget by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April.

LIVE: Delhi govt fixes maximum price for RT-PCR tests in pvt labs at Rs 300

Rapid antigen test to detect Covid to be done at Rs 100, says govt

What is Fiscal Deficit?

Equity markets will have a reason to cheer if the government reins in its fiscal deficit target at 6.25% of gross domestic product, a recent survey claimed. Find out how the government manages it