Page 37 - Fiscal Deficit

Creating fiscal space for the states

In the second part of a series, the authors say the current uncertainties require room for discretion to serve as a necessary handmaiden of rules that cannot alone cater to all contingencies

PM hints at lockdown extension till Apr 30; industrial activity may begin

The motto of the government earlier was "jaan hai to jahaan hai", but now it is "jaan bhi jahaan bhi", the PM said

Govt unlikely to grant any package for industry to pay workers' salaries

"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.

Establish fiscal council to scale up spending

India will have to address the big fiscal prudence challenge, which is not captured by the fiscal deficit/GDP metric

Little option for govt other than amending FRBM Act to widen fiscal deficit

It has already exhausted the escape clause, which allows for a maximum deviation of 0.5% from consolidation road map

States can borrow Rs 3.2 trillion in April-Dec after discussions with RBI

The amount that the states have been given permission to raise through open market borrowings is a little more than Rs 3.2 trillion.

Covid-19 and Indian economy: Do please light your lamps as lights go out

After the health crisis, India's fiscal stress will increase as revenue falls and crisis-driven expenditure goes up; some key numbers may get worse than in the 2008 financial crisis, writes T N Ninan

Fiscal deficit for April-February touches 135.2% of Revised Estimates

The data released by the Controller General of Accounts on Tuesday shows that to meet the RE for 2019-20, the central government will have to garner Rs 5.03 trillion in total revenues in March

Handling of lockdown brings back DeMo memories: Economist Jean Dreze

Dreze was part of academicians and activists who recently wrote to the Centre about the situation of the migrant workers

Measures announced by RBI are enough for now but what next, Mr Das?

No one cares about fiscal deficit now. Or for that matter, inflation. The focus is on growth and growth alone

The other casualty of COVID-19: Union Budget for 2020-21

A major alteration in the overall numbers of the Budget is almost inevitable because of the coronavirus pandemic.

Experts peg India's Covid-19 lockdown cost at $120 bn, call for relief plan

Domestic brokerage Emkay congratulated policymakers for acting earlier than other countries, but rued that there is not much to cushion the economic impact

Best of BS Opinion: Financial market stress, policy after COVID-19 and more

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

States slashed capital outlay by 14% to plug fiscal deficit: Report

States which ended up spending significantly less than what they budgeted include Jammu & Kashmir (51 per cent), Assam (51 per cent) and Goa (50 per cent)

Rupee could come under pressure

High fiscal deficit and poor export performance are two possible triggers

April-January fiscal deficit hits 128.5% of FY20 revised estimates

As a percentage of the Budget estimates of Rs 7.04 trillion, the fiscal deficit was a staggering 140 per cent

Fiscal deficit touches 128.5% of budget estimate at January-end

The deficit during the same period during 2018-19 was 121.5 per cent of that year's Revised Budget Estimate (RE)

Taxing targets

Unreasonable I-T demands affect investment climate

No reason to doubt govt will meet fiscal deficit targets: RBI Guv backs FM

In an interview with PTI, Das said the government has remained within the limits set by the Fiscal Responsibility and Budget Management (FRBM) Committee for the budget deficit

Odisha tables revenue surplus budget with total outgo pegged at Rs 1.5 trn

Budget estimates fiscal deficit to be at 3.4%, within permissible limit of FRBM target