Page 29 - Fiscal Deficit

Finance commission recommendations aren't a one-day match: N K Singh

In a Q&A, the chairman of the 15th Finance Commission is emphatic that cooperative federalism remains robust and dwells on the possibilty of dividing agro infra cess between Centre and states

Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more

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

Fiscal doves in India: right and wrong

The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced

Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn

A month into the vaccination drive, which has covered more than 8.5 million so far, the health ministry has indicated that Covid-19 vaccines are not likely to be there in the open market anytime soon

States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra

The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP

State's fiscal deficit to rise marginally to 3.3% in FY18: Ind-Ra

Market borrowings of the states will increase to Rs 3.7 lakh cr from the Rs 3.5 lakh cr in FY17

States' fiscal deficit to narrow to 4.3% of GDP in fiscal 2022: Report

The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the GDP in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research

Best of BS Opinion: Increasing fiscal constraints, Budget 2021, and more

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

Increasing fiscal constraints

Govt must focus on mobilising more revenues

Best of BS Opinion: A steep fiscal correction, a strategy for GST, and more

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

A steep fiscal correction

With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction

FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled

Sitharaman asserts while govt can give stimulus, long-term infra financing is job of DFIs. Private players in this space will make funding competitive

Govt taking steps to carefully monitor fiscal deficit: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 per cent of the GDP for the current financial year. The 'mool mantra' now is that fiscal deficit is something that one cannot escape, but at the same time, it needs to be carefully tackled, she said in her post-Budget address to members of PHD Chamber of Commerce. India has exceeded its fiscal deficit target of 3.5 per cent in the current fiscal by a wide margin, due to higher spending to stimulate the economy amid the COVID-19 pandemic. The fiscal deficit -- the excess of government expenditure over its revenues -- has been pegged at 9.5 per cent of the gross domestic product (GDP) in the current fiscal ending March 31, as per the revised estimate. For the next fiscal, the deficit has been pegged at 6.8 per cent of GDP, which will be further lowered to 4.5 per cent by fiscal 2025-26. Emphasising that the government has made the Union

Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy

India's sovereign rating should not come under pressure due to surge in fiscal deficit which was mainly on account of higher expenditure to deal with the C-19 pandemic, said Economic Affairs Secretary

Confident of reducing fiscal deficit to 4.5% of GDP by FY26: Exp secy

The government is confident of lowering the fiscal deficit to 4.5% of GDP by 2025-26 fiscal, considering a nominal GDP growth of 10 per cent every year, Expenditure Secretary T V Somanathan said

Handle debt with care

Overall fiscal position can increase risks

Slower consolidation to constrain fiscal strength over medium term: Moody's

Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected

Morgan Stanley ups Sensex target to 55,000; bullish on cyclicals, midcaps

We believe the overall approach of the fiscal policy is in line with the message from the Economic Survey, said Morgan Stanley in a post Budget note

Fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report

Global rating agencies may view the fiscally expansive budget proposals negatively, a brokerage said

With off-budget borrowings, FY22 fiscal deficit rises to 6.9%: Report

The fiscal deficit target will go up by 10 basis points to 6.9 per cent of the GDP if the extra-budgetary borrowings of Rs 30,000 crore is added, according to a report