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
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
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
The government has already pumped in Rs 3.5 lakh crore to shore up state-owned banks in the last five years.
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
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
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
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
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
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
FICCI calls for stimulus of around Rs 10 lakh cr to stimulate demand, supply to avert long-term economic slowdown
For getting the industry back on track and moving, there needs to be a robust plan for phased opening up of the economy and re-starting growth, FICCI said
The record excise duty hike on petrol and diesel will not help the government bridge the fiscal gap as planned, nor will it help boost economic growth as consumption demand will further be crippled, warns a report
Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness
Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.
Coronavirus Outbreak: Govt likely to announce stimulus package on Friday as economic activities grind to a halt
A stimulus package for the industry-hit by a lockdown of more than a month when economic activity has ground to a halt --is expected to be announced soon
Coronavirus Outbreak: India's rating could come under pressure if fiscal outlook deteriorates, says Fitch
Fitch Ratings on Tuesday said India's sovereign rating could come under pressure if there is further deterioration in fiscal outlook as a result of lower growth or fiscal easing
Meeting FY21 fiscal deficit target to be very challenging; RBI yet to make decision on monetisation: Shaktikanta Das
The RBI announced long-term and targeted long-term repo operations (TLTRO) to ensure credit flow from banks to NBFCs but banks used the money to buy government bonds or top-rated corporate debt.
India has less fiscal room to support economy; rise in debt-GDP ratio to weaken credit profile: Fitch Ratings
The Indian government has less fiscal room to support the economy compared to many of its peers and the country's credit profile would weaken if a wider fiscal deficit increases the debt-GDP ratio, Fitch Ratings said on Wednesday
Centre may require additional Rs 5 lakh cr to support economy hit hard by coronavirus: Former finance secy
The Centre may need to borrow 2-2.5 percent of GDP or about Rs 4-5 lakh crore additionally for supporting people and businesses hit hard by the coronavirus outbreak and nationwide lockdown, according to former finance secretary Subhash Chandra Garg
The government will borrow Rs 4.88 lakh crore in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday
Fiscal deficit touches 135.2% of budget estimate for 2019-20 at Rs 10.36 lakh cr till February-end: CGA
The government's fiscal deficit touched 135.2 percent of the full-year target at February-end mainly due to slower pace of revenue collections, according to an official data released on Tuesday