Page 8 - Fiscal Policy

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

Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%

Fiscal targets may have to be relaxed for the current year

Calibrating the policy mix

The right fiscal-monetary-external balance must be achieved to nurture and harness a nascent recovery

What can macro policy do?

Long-term structural reforms are required, such as a uniform GST and direct tax rates

Ex-CEA Subramanian against tax cuts, says no space for fiscal expansion

Subramanian further said that he thinks personal income tax cuts motivated by desired increased consumption are highly inequitable

Statsguru: Ball in the fiscal court as RBI keeps lending rates unchanged

The MPC underlined the rising consumer price inflation as one of the reasons

For states, balancing fiscal maths and capex will be challenging: CRISIL

The rating agency - in its Infrastructure Yearbook 2019, released on Tuesday - said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year

Deploy stimulus to revive economy or face stagnation, caution analysts

The central bank has already chopped 135 basis points off its key lending rate, but this has failed to spur demand

Come clean on fisc

Govt must not conceal how slowdown is impacting revenue