Page 37 - Fiscal Deficit

RBI issues cash management bills worth Rs 80,000 cr after good response

The RBI received bids of Rs 3.45 trillion, or more than four times the amount on offer.

India's (im)possible road ahead

Better implementation of policy measures and reaching out to those left behind are needed next

States' fiscal deficit to rise to 4.5% of GSDP in FY21: Ind-Ra

The 20 states considered in the analysis constituted nearly 86 per cent of the budgeted aggregate revenue receipts for FY20.

States' aggregate fiscal deficit to rise to 4.5% of GSDP in FY21: Ind-Ra

The agency's earlier forecast was 3%; it says state governments were already facing a lower-than-budgeted share in central taxes and subdued own revenue growth, when the 21-day lockdown was imposed

No restrictions on utilisation of additional borrowing by states: FinMin

It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional one per cent out of the two is linked to citizen centric reforms, Finance ministry official said.

All options open to govt to monetise deficit under RBI guidance: N K Singh

He said all options should be open to the sovereign in consultation with the Reserve Bank of India (RBI)

I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.

Door open for stimulus 6.0; govt with industry: FM Nirmala Sitharaman

Calling her stint as FM during the pandemic "the most challenging assignment yet", Sitharaman said she was not upset with the criticism that the recent stimulus package was too little

Fiscal math of the imponderables

Growth holds the key to the government's fiscal deficit slippage

Borrowing limit raised, but states won't rush to make use of the chance

Only eight states will qualify for the extra borrowing, as they have to meet stiff conditions on ease of doing business.

Post stimulus, fiscal deficit of Centre, states to be at 12% of GDP: Report

In the case of states, the fiscal gap will rise by 200 bps after the Centre hiked the borrowing limit of states to 5 per cent of GSDP on Sunday

Govt's fiscal cost could be less than 11% of total economic package

Not all of this amount will necessarily be borne in fiscal year 2020-21

Higher borrowing can see FY21 combined fiscal deficit hit 12%: Economists

Net borrowing ceiling for 2020-21 was earlier pegged at Rs 6.41 trillion (3 per cent of gross state domestic product), and the states have thus far borrowed merely 14 per cent of this authorised limit

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

Expect a stimulus, even at the cost of high fiscal deficit: Venu Srinivasan

The government has given loans and ensured that companies, SMEs in particular, dont sink due to the crisis

With Rs 20-trn package, fiscal deficit to balloon to 7.9% in FY21: Report

"We estimate a 4.5% direct impact on fiscal deficit purely because of revenue shortfall / automatic fiscal stabilizer and a 0.9% indirect effect because of GDP change," the SBI report says

FM's Day 2 package: Govt's immediate fiscal cost will be close to Rs 10K cr

The direct spending by the centre, on Thursday's announcements will include Rs 3,500 crore that the centre will spend on providing free foodgrains to 80 million migrants

Rupee drops by 19p to 1-wk low against dollar on fiscal deficit concerns

Domestic stocks advanced in early trade which supported the rupee. The key indices Sensex and Nifty, however, closed marginally down due to sell-off in financial counters

Fiscal prudence still matters

Govt will need to spend more, but should credibly commit through institutional reform to future transparency and prudence

Combined Centre and state fiscal deficit may go up to 14%, says Subbarao

The former RBI governor also says that the Centre's current fiscal stimulus is not sufficient