Page 39 - Fiscal Deficit

S&P retains India's rating at 'BBB-', says fiscal position precarious

Fiscal deficits have exceeded the government's plan, S&P said, adding it expect limited consolidation over the next few years

Top 10 biz headlines: New tax dispute resolution scheme; F15EX jets for IAF

From expanding the scope to cover litigation pending in arbitration forums to Boeing offering F-15EX fighters to India, here are the top business headlines of the day

Missing fiscal deficit target is in Budget DNA

The government of the day won't be able to resist the temptation to err on the side of expansion and leave it to its successors to pay for its excesses

Beyond landslide victory: AAP has a tightrope walk on fiscal balance

Arvind Kejriwal government has to keep in mind that revenue and fiscal balances of the government do not deteriorate much if it expands its freebies

Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans

From SoftBank eyeing minority stake in Mahindra Electric Mobility to DRDO chief calling for developing future tech, here are top 10 business headlines of the day

India's fiscal gap one of the highest among major emerging markets

Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019

Centre's fund crunch pulls down cities; rich Mumbai struggles too

State government accounts deserve scrutiny because they collectively spend 36 per cent more than the federal administration

Modi says govt focus is on 'maximum job creation', attacks Opposition

He accused the Congress party of delaying the development of the country for 70 years

Beyond numbers

Budget speech should have been fact-checked

Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman

Sitharaman said her ministry is motivating tax officers to meet the collection targets and not forcing them to do so

We have reprioritised spending to be more productive: Expenditure Secretary

If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent

Budget stimulus unlikely to revive India's growth from slowdown: Experts

Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost

Govt very transparent in setting new fiscal deficit target: FM Sitharaman

She further said that many people have been speculating that the fiscal deficit would cross 4%

Analysts expect RBI rate hike, see FY21 fiscal deficit target challenging

Goldman Sachs said the central bank will shift the stance of the monetary policy to "neutral" from "accommodative" at this week's review

A prudent Budget that is unlikely to revive faltering economic growth

Fiscal prudence has been given priority over fiscal stimulus which will contain the growth of debt liabilities, but it will not provide the strong public expenditure push required for reviving growth

Budget: A few positive prescriptions for a slow cure, says JM Financial MD

It is reassuring to see that the deficit target was kept within expected lines and 10 per cent growth in nominal gross domestic product is projected

Risks of revised estimates

How a potential fiscal deficit of 4.65% of GDP was brought down in the 2019-20 revised estimates

Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research

The revised deficit target is propped on the belief that the divestment will fetch Rs 65,000 crore through the next two months

Nirmala Sitharaman's Budget again reveals structural fiscal constraint

It recognises it cannot afford space for expansionary fiscal policy

Budget 2020 in 2 minutes: Fiscal deficit target, income tax rates, and more

The personal income tax has been simplified and reduced. Individuals will have to pay tax at the reduced rate of 10% for incomes of Rs 5-7.5 lakh, against the current rate of 20%