Page 26 - Fiscal Deficit

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

Top Headlines: GDP shrinks by 7.3%, fiscal deficit drops below target

GDP shrinks by 7.3 percent in FY 2020-21, Carlyle Group to acquire a controlling stake of over 50 per cent in PNB Housing Finance. Top news this morning.

Centre's fiscal deficit for FY21 settles at 9.2% of GDP vs target of 9.5%

This was on the back of better-than-expected revenue receipts with expenditure staying broadly at the level targeted in the revised estimates of the Budget

India's fiscal deficit at 9.3% of GDP in 2020-21: Govt data

Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) on Monday said that the revenue deficit at the end of the fiscal was 7.42 per cent

Best of BS Opinion: Accounting gains, games promoters play & more

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

Accounting gains

RBI's higher surplus transfer has limits

Govt's fiscal deficit likely to be around 9% in FY21, say experts

Data to be released by month-end; FY22 gap may widen to 7.15% against BE of 6.8%, say experts

India to breach fiscal deficit target in FY22: Fitch Solutions

India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday. The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022). "We at Fitch Solutions forecast the Indian central government deficit to come in at 8.3 per cent of GDP in FY22," it said. "Revenue shortfall remains the main driver of our wider deficit view, as we expect the government to maintain its spending targets." Fitch Solutions had previously projected a fiscal deficit of 8 per cent. "The main driver of our deficit forecast revision is a downward revision to our outlook for revenues, given that the flare-up in COVID-19 cases in India and containment measures in place will hamper India's economic recovery, which will have a negative impact on fiscal revenues," it said. Central government expenditure is likely to be around t

Lockdowns worsen India's fiscal woes fueled by weak auctions

Localized lockdowns may result in a slowdown which may be met by fiscal expansion

The mounting cost of Covid-19

The rapid increase in the number of new Covid-19 cases and restrictions on activity are affecting economic recovery

Fresh risk to economy

Govt should avoid the mistakes of 2020

Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March

Tax collections exceed Revised Estimates; Centre's fiscal deficit expected lower than 9.5% of GDP in FY21

Covid forces Maha into debt trap; fiscal deficit highest since FY06: Report

The most-industrialised state''s fiscal deficit jumped to 3.3 per cent of gross state domestic product (GSDP) in 2020-21 as against the Budget Estimate of 1.7 per cent

India's fiscal deficit for April-Feb hits 76% of revised estimates

The government expects to earn revenues of Rs 1.85 trillion in March 2021, 40 per cent lower than what it earned in the year-ago period

India's April-Feb fiscal deficit at 76% of revised FY target: Govt data

Govt's total receipts during April-February stood at Rs 14,13,096 cr or 88.2% of the revised estimates presented in the Budget on Feb 1

Bonds on watch

Inclusion in global indices would demand higher fiscal standards

Assam's economic development picks up pace. Can state finances keep up?

The share of agriculture in Assam's GSDP has declined between FY15 and FY19, but due to its weak finances, the state govt has not been able to fully provide for the needs of the emerging sectors

Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more

Here's a selection of Business Standard opinion pieces for the day

In spite of the pandemic

The Budget for 2021 makes a fresh beginning in dealing with numbers and estimates

Fiscal consolidation: States lack the flexibility that the Centre enjoys

While the Centre has an escape clause to deviate from the fiscal consolidation road map by 0.5 percentage point of GDP in times of exigency, states were not given any such escape clause