Page 7 - Fiscal Policy

CSEP appoints Vikram Singh as Chairman, Rakesh Mohan as President

Centre for Social and Economic Progress, a policy think tank, on Thursday said it has appointed Vikram Singh Mehta as Chairman and former RBI deputy governor Rakesh Mohan as the Centre's President.

Severe shock to consumption, economy will take longer to recover: RBI

"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank

The joker in the pack

Government's fiscal headroom is crucially linked to a realistic assessment of its net revenue collection

India has more scope for policy support despite limited fiscal space: IMF

Says the country's measures are tilted towards 'below-the-line' support such as food subsidy and other measures, rather than direct fiscal spending

Top headlines: Next fiscal policy, peak gold prices, CARE ratings and more

Here are the top headlines of the day

Managing public debt

India needs structural changes in economic management

Early signals for the fisc

The April-May figures show a sharp rise in external financing and spending on farm as well as rural India

Why Moody's downgrade is not a bolt from the blue but still not justified

While this downgrade will not affect the sovereign as it does not borrow overseas, it will however affect Indian companies borrowing from abroad

Leave the PSUs alone for now

Government sell-off is a stimulus for itself and might not work at this juncture

India to cap stimulus package at $60 bn to protect credit rating: Report

Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further

Will more foreign financing be needed?

It is important to remove the frictions, to connect the infinite capital of the global financial system with end-users in India

Covid-19 relief: Here are the steps taken by the RBI to fight slowdown

Among other important announcements, he announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now

Covid-19: Ease fiscal policy, let states borrow from RBI, says Kerala FM

On Tuesday, Kerala had to offer an interest rate of 8.96 per cent for Rs 6,000 crore market borrowing for state development loan for a 15-year period

Questions about borrowing

The funding need can change materially

Now what?

Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy

Budget disappointing; but fiscal, taxation measures welcome: EAC member

India's GDP growth is expected to slip to a decadal low of 5 per cent this fiscal, pressured by domestic factors like drop in consumption, as well as global issues

Why fiscal rules should be revisited

According to the revised FRBM rules, as amended by the Finance Act, 2018, the central government debt stock should not exceed 40 per cent of GDP by the end of financial year 2024-25

Budget strikes right balance between growth push and fiscal discipline: CEA

So, at least for me, the way I would look at it is that before the Budget, we were actually looking at 3.3 per cent for this year and 3 per cent for next year

Stock markets cannot expect the moon every time: CBDT chairman P C Mody

A three per cent rise is definitely achievable

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