According to party, meeting fiscal deficit not the real economic issue for the government
Tax receipts are expected to fall by Rs 2.5 trillion which may also be caused by the corporation tax and GST rate cuts
India's massive infrastructure build-out targets need an all-hands-on-deck effort
Three years of slowing growth hold two important lessons for the Budget
In its outlook for FY21, it projected the deficit to be 3.4 per cent in the next year against 3 per cent given in the papers presented under the Fiscal Responsibility and Budget Management (FRBM) Ac
The persisting downturn is resulting in lower revenues and rising deficit, reducing the space for a fiscal stimulus
A comparison of Modi govt's management of fiscal deficit with UPA-2
"This year, there will be a realistic assessment of the nominal GDP," said a source.
In the pre-Budget meetings, economists and experts have been advising Sitharaman and Prime Minister Narendra Modi to leave aside fiscal concerns
There could be disruptions in the near term, but ultimately the economy will bottom out
Though the Union Budget 2020 will decide the fiscal deficit for the next financial year, it is now almost certain that the current fiscal deficit of 3.3 per cent may be unattainable
Terming the economic situation as 'very bad,' Sen said that post 2016-17 India's economic statistics measuring GDP growth were 'largely guess work'
The Union Budget will be presented by Union Finance Minister Nirmala Sitharaman in February 2020.
If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent
Economists ask Modi to restore data credibility, provide stimulus
The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official
Revenues for 2019-20 projected in the July Budget simply cannot be realised
The fiscal deficit or the gap between expenditure and revenue was at Rs 8,07,834 crore as on November 30, 2019
The number wasn't imported from the Maastricht Treaty, but is a synthesis of the experiences of various countries within and outside the accord
Finance ministry is working out mechanism to release the money, stuck after it sanctioned the amount to other ministries & departments for various projects and schemes, to prop up the sagging economy