Fiscal Deficit

Fiscal Deficit News

Union Budget 2022 by numbers: Rs 5.25 lakh cr for defence, Rs 7.50 lakh cr capital expenditure
Business

Union Budget 2022 by numbers: Rs 5.25 lakh cr for defence, Rs 7.50 lakh cr capital expenditure

The key takeaways from the fourth Budget of the second Narendra Modi government tabled by Finance Minister Nirmala Sitharaman in Parliament

Union Budget 2022: Important terms you may find handy ahead of Nirmala Sitharaman's speech
Business

Union Budget 2022: Important terms you may find handy ahead of Nirmala Sitharaman's speech

Ahead of Finance Minister Nirmala Sitharaman presenting the Union Budget for the year 2022-2023, we try to simplify it for you

Budget 2022: Find out how the financial statement is set to affect the market and economy
Business

Budget 2022: Find out how the financial statement is set to affect the market and economy

With COVID-19 pandemic still wreaking havoc across the globe, market players would want the Centre to take steps to generate demand and revive the economy

How PM Narendra Modi’s calibrated approach has helped turn around Indian economy
India

How PM Narendra Modi’s calibrated approach has helped turn around Indian economy

India’s economic revival approach has worked far better than the strategy of pushing through huge fiscal stimulus packages, printing money, and indulging in wanton pump priming

Centre releases Rs 40,000 crore to states as back-to-back loan for GST shortfall
India

Centre releases Rs 40,000 crore to states as back-to-back loan for GST shortfall

The Centre has frontloaded the release of Rs 1.15 lakh crore till date, 72 percent of the total estimated shortfall for the fiscal year. The balance amount will be released in due course, as per a Ministry of Finance statement

India's fiscal deficit for April-August touches 31.1 percent of annual target, data shows
Business

India's fiscal deficit for April-August touches 31.1 percent of annual target, data shows

For the current financial year, the government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore.

Union budget 2021: Fiscal deficit, tax revenue, capital expenditure and other key numbers to be watched
Business

Union budget 2021: Fiscal deficit, tax revenue, capital expenditure and other key numbers to be watched

Budget 2021 is widely expected to be an ‘economic vaccine’ after the brunt borne in the wake of the coronavirus pandemic

Union Budget 2021: Centre should focus on growth, not arresting fiscal deficit, says report
Business

Union Budget 2021: Centre should focus on growth, not arresting fiscal deficit, says report

The government adopted a loose fiscal policy due to the coronavirus pandemic and announced a number of policy measures under Atmanirbhar Bharat to support the economy

Union Budget 2021: Scope for tax concession very limited, Centre may inject stimulus through capex, says expert
Business

Union Budget 2021: Scope for tax concession very limited, Centre may inject stimulus through capex, says expert

The expert said the fiscal deficit in the current fiscal is likely to be between 6.5-7 percent, adding that the government could relax the target but should keep a close eye on debt-GDP ratio projection

Amid COVID-19 crisis, off-budget borrowings to fund ambitious welfare schemes, poor GST support from Centre put state finances in peril
Business

Amid COVID-19 crisis, off-budget borrowings to fund ambitious welfare schemes, poor GST support from Centre put state finances in peril

Sops like farm loan waivers, cushioning power sector losses and assorted income support schemes have started haunting state exchequers as many punched way above their financial might before the devastating strike of COVID-19.

Need to work with 'here and now' philosophy; concepts like deficit should be on hold for now: KV Kamath tells Network18
India

Need to work with 'here and now' philosophy; concepts like deficit should be on hold for now: KV Kamath tells Network18

Veteran banker KV Kamath in an exclusive interview to Network18 Group Editor-in-Chief Rahul Joshi said that the government will have to play around with the deficit for it to do what it has to do.

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
Business

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

Fiscal deficit widens to 4.6% of GDP in 2019-20, higher than revised estimates of 3.8%
Business

Fiscal deficit widens to 4.6% of GDP in 2019-20, higher than revised estimates of 3.8%

The country's fiscal deficit widened to 4.6 percent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report
Business

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report

The government has already pumped in Rs 3.5 lakh crore to shore up state-owned banks in the last five years.

Stimulus package impact: Fiscal deficit of Centre, states likely to be at 12% of GDP, says DBS Bank
Business

Stimulus package impact: Fiscal deficit of Centre, states likely to be at 12% of GDP, says DBS Bank

The combined fiscal deficit of the Centre and states will top 12 percent of the GDP because of the recent economy-boosting measures, and higher borrowings by States to meet COVID-19 exigencies, says a report

Nirmala Sitharaman's COVID-19 package invites social criticism, but she may have more cards up her sleeves
Business

Nirmala Sitharaman's COVID-19 package invites social criticism, but she may have more cards up her sleeves

Nirmala Sitharaman's advisers have been speaking of why fiscal prudence is important to avoid India being downgraded from investment grade by global credit rating agencies

Markets end on flat note: Sensex erases early gains after a choppy session, Nifty slips; M&M top loser
Business

Markets end on flat note: Sensex erases early gains after a choppy session, Nifty slips; M&M top loser

Sensex ended marginally lower after a choppy session on Friday as investors weighed the fiscal impact of the government''s economic stimulus.

Rupee settles 10 paise lower at 75.56 on concerns over fiscal deficit due to Rs 20-lakh cr stimulus package
Business

Rupee settles 10 paise lower at 75.56 on concerns over fiscal deficit due to Rs 20-lakh cr stimulus package

The rupee slipped 10 paise to close at 75.56 (provisional) against the US dollar on Thursday, tracking weak domestic equities

Fiscal deficit likely to be more than double to 7.9% in FY21 due to govt's Rs 20-lakh cr stimulus package: Report
Business

Fiscal deficit likely to be more than double to 7.9% in FY21 due to govt's Rs 20-lakh cr stimulus package: Report

With the government's Rs 20 lakh crore stimulus package, the country's fiscal deficit is likely to be more than double to 7.9 percent in the current financial year, according to an SBI research report

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
Business

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus