Page 25 - Fiscal Deficit

Tax buoyancy curtails Centre's fiscal deficit to an eight-year low

Centre's spending showed volatile trend during April-June period

April-June fiscal deficit at Rs 2.74 trn, 18.2% of FY22 Budget Estimates

Net tax receipts in the first three months to end-June rose to Rs 4.12 trn, from Rs 1.35 trn during the same period in the previous fiscal year

Time to be brave, stretch fiscal deficit targets to aid growth: Kamath

Veteran banker K V Kamath on Friday said it is "time to be brave" for the government, and it should stretch the fiscal deficit target set in the budget if need be, to push growth.

RBI governor warns of downsides to direct financing of govt fiscal deficit

Direct financing or monetisation of the government's fiscal deficit by the central bank has several downsides, Reserve Bank of India Governor Shaktikanta Das said

Fiscal deficit worries could be on backburner: Niti Aayog's Rajiv Kumar

'If you have to spend money because you have to save both lives and livelihoods then that's what you have to do,' he says.

RBI should not print money to finance fiscal deficit: Pinaki Chakraborty

High inflation is certainly a concern and there is a need to stabilise inflation to a level which is manageable, he says

Government spending grew 2% YoY in FY21: Motilal Oswal Financial Services

Terming FY21 as an 'exceptional year' Motilal Oswal Financial Services (MOFSL) in a report say government spending grew 2 per cent last fiscal.

Fiscal deficit at 8.2% in April-May as tax collection rises, lockdowns ease

Deficit was less 30 per cent less of last-year's level amid the nationwide lockdown to contain the coronavirus.

New pandemic package to raise fiscal deficit by 60 bps, says report

The package can offer an additional liquidity window of Rs 70,000 crore to banks: report

Centre should abandon fiscal targets in the time of crisis: CPI (M)

The CPI(M) on Monday said the government can raise money to pay compensation to the families of Covid-19 victims

Rising inflation risk

Ignoring it for long could increase longer-term costs

Govt asks ministries, departments to cut 'controllable' expenditure by 20%

The move comes amid concerns that the fiscal deficit may exceed the FY22 target of 6.8% of GDP

US budget deficit soars to $2 tn during first 8 months FY21: Treasury Dept

The US budget deficit soared to $2.1 trillion during the first eight months of fiscal year 2021, which ends on September 30, the Treasury Department reported

Fed tapering and emerging markets

The year 2021 will be one of the strongest years for global growth in history

Statsguru: A decline in growth poses risks to govt's fiscal forecast

While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.

FM Nirmala Sitharaman says macroeconomic fundamentals are sound

The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said

Do not politicise GST Council: Finance Minister Nirmala Sitharaman

The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman

Structural weakness

India needs to overhaul the tax system

Exports jump to $32.21 bn in May, up 67%; trade deficit at $6.32 billion

India's exports grew by 67.39% to $32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals

Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more

Here are the best of Business Standard's opinion pieces for Wednesday