Page 39 - Fiscal Deficit

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

Payment of AGR dues to slash fiscal deficit to 3.5% in FY20: SBI economists

According to the revised budget estimates, the government expects a fiscal deficit of 3.8 per cent in 2019-20

Budget 2020 was disappointing for lacking vision, says Ashima Goyal

However, the finance minister has achieved a "balancing act" through her moves, Goyal said

India is beginning to look like a tired proposition: Ashmore's Jan Dehn

After the election-related fiscal blowout, India needs to scale back fiscal spending and roll out aggressive reforms

FRBM Act not breached in budget, committed to reducing fiscal deficit: FM

The Centre had earlier said it was committed to reduce the fiscal deficit to 3 per cent of GDP by 2020-21 and eliminate the primary deficit as per the FRBM Act.

Budget proposals won't have much inflationary impact, says RBI Governor Das

Retail inflation based on consumer price index (CPI) soared to a near six-year high of 7.59% in January

Confident of economic recovery, S&P keeps India's rating at 'BBB-'

Says fiscal position weak, but sees strong growth prospects over 2-3 years

S&P affirms India's rating at 'BBB-', fiscal position remains precarious

The rating agency sees growth recovery over two to three years

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