Page 50 - Fiscal Deficit

Missing the wood for the trees

This misplaced excitement at having uncovered some non-existent fiscal jugglery is a consequence of lazy analytical thinking which governments cheerfully exploit

States' fiscal deficit to breach target, may go up to 3.2% in FY20: Report

The agency expects states' aggregate revenue expenditure to grow 18.9 per cent to Rs 33.28 trillion in FY20

The fog of fiscal finances

A string of new expenditure is clouding India's fiscal future

Govt may fall short of Rs 2.45-trn non-tax revenue target despite RBI funds

The biggest pressure point is from telecommunications revenue, which has been targeted at Rs 48,661 cr for the current year

NDA govt deviated from the fiscal road map in 2016-17, says CAG report

On the capital side, off-budget financing of railways carried out through IRFC borrowings are outside budgetary control

Fiscal deficit of 3.3% for 2018-19 could be challenging, says experts

Some of the experts have already projected that the fiscal deficit could rise to 3.5 per cent of the GDP

India's fiscal deficit target overshot by 15% on revenue shortfall: DBS

An equally big concern are divestment efforts, with year-to-date collections still at a fifth of the target of Rs 80,000 crore

Direct tax collection shortfall worry likely to add fiscal deficit woes

Officials have admitted that there could be a combined shortfall of Rs 70,000 crore-1 trillion on GST, though the centre's own GST shortfall will not be more than Rs 29,000-30,000 crore

Advance GDP estimate at 7.2% gives little relief to fiscal deficit pressure

Fiscal deficit at 3.3 per cent of GDP now comes at Rs 6.28 trillion compared to what was projected at Rs 6.24 trillion in the Budget Estimates

Modi govt considers farm-relief package and ends up spooking bond traders

The government has repeatedly said it will meet its budget shortfall target of 3.3 per cent of GDP for the current financial year

Govt not seeking RBI reserves to meet fiscal deficit: Arun Jaitley

The Finance Minister said that the Modi government has the best track record of keeping fiscal deficit under check

April-Nov fiscal deficit touches nearly 115% of FY19 target at Rs 7.17 trn

The government is widely expected to miss its fiscal deficit target of 3.3% of GDP in the current financial year

Compensation cess of Rs 200 billion to help govt cut fiscal deficit

For taking over some portion of compensation cess, govt got legal backing through an amendment to the GST (Compensation to States) Act in the monsoon session of Parliament

Govt to meet fiscal deficit target of 3.3% despite GST rate cut: Jaitley

As per the latest data, the fiscal deficit in the April-October period stood at 103.9% of Budget estimates

Govt wants Rs 100 bn interim dividend from RBI for fiscal deficit target

Reserve Bank had paid the same amount last financial year

FM Jaitley may still manage to meet FY19 fiscal deficit target: Here's why

In 2 of the 3 pre-election years since FRBM idea was mooted, the finance ministry has succeeded in meeting fiscal targets; the only exception was 2008, when a global meltdown weighed on the economy

Govt will stick to 3.3% fiscal deficit target for FY19: Arun Jaitley

Jaitley also said India will clock a growth rate of 7-8 per cent despite global uncertainties and will retain the tag of the world's fastest growing major economy

A balancing act

The govt should be flexible on the fiscal position

Govt confident of meeting fiscal deficit target despite GST shortfall

Centre expects direct taxes to overshoot target by Rs 300 billion

Govt should find fiscal space to ramp up investments, says NITI Aayog V-C

Banks under prompt corrective action (PCA) should be allowed to part-lend again, says Rajiv Kumar