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Latest Articles in fiscal deficit

Govt Committed To 6.4% Fiscal Deficit Target For FY23: Report

Commodity prices, including crude oil, are ruling high due to the ongoing Russia-Ukraine war and have led to inflationary pressures across countries, including India

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India Aims To Keep FY2023 Fiscal Deficit At Last Year's Level

Efforts to maintain some fiscal discipline reflect New Delhi's concern around risks to its sovereign credit rating but will likely limit the government's firepower to contain inflation and provide relief to households and businesses

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Fiscal Deficit At 6.7% In FY22, Lower Than Revised Estimate

Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) said that the fiscal deficit in the absolute terms was be Rs 15,86,537 crore (provisional)

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Government Likely To Stick To Fiscal Deficit Target: RBI Governor

The Indian government is likely to stick to its fiscal deficit target as specified in the budget and there may not necessarily be a need for increasing government borrowing just yet, governor Shaktikanta Das told CNBC-TV18 in an interview on Monday

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Inflation Taming. Need Both Monetary Intervention, Fiscal Action

Inflation, even if it’s temporary, needs taming and the finance ministry uses the abundant fiscal space to supplement the effort of the RBI.

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Fiscal Deficit Check: FinMin To Monitor Revenue, Expenditure On Daily Basis From March 15

According to officials, the daily monitoring of tax and non-tax revenue collections will help the government in taking timely corrective actions, wherever needed

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Ind-Ra Pegs States' Fiscal Deficit At 3.6%

The upward revision is due to the better-than-expected growth in revenue receipts and higher growth in the nominal GDP in FY22, India Ratings said in a note on Friday

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Growing Revenues Will Lower Fiscal Deficit: Revenue Secretary

Bajaj said increased capital expenditure will lead to increased consumption and spending

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Crafting 21st-Century India, Collaboratively, With Confidence

This is a budget that wants to build an inclusive India, keeping in mind the demographics and possibilities, using digital. This would allow for structural pillars of citizenry welfare to be incorporated into our growth vision. With pillars of Atmanirbharta, Building India, Connections, Digital, Demographic leverage, Equality, Inclusiveness and States-Federal cooperation

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FY22 Fiscal Deficit May Be Better At 6.6% On Better Tax Buoyancy: Fitch

The international rating agency had last week kept the sovereign rating unchanged at 'BBB-' with a negative outlook, and said that the risks to India's medium-term growth outlook are narrowing with rapid economic recovery from the pandemic and easing financial sector pressures.

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Centre's Fiscal Deficit Touches 35% Of Annual Target At H1-End

The deficit figures in the current fiscal appear much better than the previous financial year when it had soared to 114.8 per cent of the estimates mainly on account of a jump in expenditure to deal with the COVID-19 pandemic.

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Fiscal Deficit Touches 31.1% Of Annual Target At End-August

The total receipts were 16.8 per cent of the BE of 2020-21 during the corresponding period of the last financial year.

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Fiscal Deficit Touches 31.1% Of Annual Target At End-August

The fiscal deficit or gap between expenditure and revenue was Rs 4,68,009 crore at end of August, the CGA said.

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That Illusive Double Digit Growth-What Will Drive The Indian Economy

As India fends for resources to fight a virus and keep the economy on an even keel, it also looks beyond the pandemic and the targeted $5 trillion GDP. Are the country’s strategies and policy framework on track? BW Businessworld’s Manish Kumar Jha speaks to economists across the political divide for a realistic assessment of the state of the economy

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We Are In Phase Of Creeping Protectionism And MGNREGA Is Still The Best Bet In Rural Areas: Nobel Laureate Abhijit Banerjee

Abhijit V. Banerjee, Professor of Economics at Massachusetts Institute of Technology, received the 2019 Nobel Prize for Economic Sciences. How well his ideas fit into India’s economic growth amid the volcanic challenges are debated in his book--Good Economics for Hard Times-- which he co-authored with Esther Duflo. He touches upon more politically contentious issues like trade, inequality and the universal basic income for those who are left out of the economic growth story. In a free-wheeling conversation with Manish Kumar Jha of BW Businessworld, Prof. Banerjee comments on India’s healthcare, the privatization, fiscal support, and the complex matrix of Direct Benefit Transfer Scheme. He asserts that the Indian economy could be competitive should “we open ourselves to trade”. Excerpts:

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