Page 8 - Fiscal Policy

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

Fiscal policy and the growth slowdown

The question then is: On what should government spend this extra borrowing?

Delink the deficits: Linking revenue and fiscal deficits will lead nowhere

Revenue deficit comprises political payouts that are impossible to reduce in any significant measure. Minimising political risk means increasing revenue deficit

Walking a tightrope

Is a low-inflation, low-growth environment the new normal?

India has limited room to ease fiscal policy due to high debt: Fitch

It said GDP (gross domestic product) growth is likely to rebound to 7.1 per cent next year

Why India could miss fiscal deficit target for the current financial year

By the end of 2019, govt could be forced to raise the fiscal deficit target to 3.5% of GDP from the current target of 3.3% as pressure for more stimulus mount

A next generation fiscal framework

It may be time to set up a Centre-state council for expenditure, and to re-anchor bond markets

Best of BS Opinion: When times are tough and there's no good news in sight

We seem to be regressing in various respects. Sometimes to the extent that seemingly good steps are being viewed with suspicion, says Uddalok Bhattacharya

A silent fiscal crisis?

The ability of government to shrink the expenditures in 2019-20 would severely strain attempts to maintain fiscal discipline

A tale of two disenchantments

We have neither good hospitals nor adequate fighter aircraft; neither good extension services nor adequate public transport.

Central bankers' fiscal constraints

The ones serious about preparing for recessions should be looking hard at proposals for how to pay interest on money, both positive and negative, which is by far the most elegant solution

Kalecki insights on fiscal, monetary plans

In the Indian context, the important Kaleckian question, different from Keynes, is not how growth is to be financed but at whose expense?