Friday, 19 August, 2022
TopicFiscal deficit

Topic: fiscal deficit

Why are Bihar, Punjab, Rajasthan fiscally stressed? Every state has its own root cause

Bihar has lowest own tax revenue, Punjab high committed expenditures, while Rajasthan has deviated from fiscal deficit target. Such states need to balance vote bank & fiscal prudence.

Why Modi govt is on strong ground on fiscal deficit but some states are struggling

Central govt's fiscal deficit touched 21% of full-year target in April-June quarter. But going forward, buoyant tax collections could help manage higher than budgeted expenditure.

Modi govt plans to scrap LPG subsidy under PAHAL as economic woes hit revenues

The PAHAL scheme was first launched under the UPA government in 2013, and was then revised and relaunched after the Modi government came to power in 2014.

Indian economy has a twin deficit problem. To counter it, govt needs to juggle growth & stability

The government will have to do a balancing act, maintaining growth and macroeconomic stability by keeping fiscal and current account deficits within manageable limits.

India’s fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate

The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9% of the GDP for the fiscal ended in March.

Sri Lanka, Pakistan hold lessons for India — from fiscal indiscipline to populist measures

The government must be restricted to the essential investments —defence, policing, courts, public health, basic social and economic infrastructure.

How rupee affects macroeconomics, domestic competition, and why its fall isn’t all bad news

India’s enormous dependence on oil imports makes the rupee extremely vulnerable. It is currently the worst-performing Asian currency.

LIC IPO inflow will be larger than budgeted, ‘done’ by March this year: Economic Affairs Secy

So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.

Modi govt’s pandemic strategy focused on revival has worked. Economic indicators prove it

Modi government’s policy response to Covid — focusing on directed credit to the distressed — was prudent, even if unpopular.

India’s GDP & fiscal situation seem back on track. Reforms must continue to build confidence

The 20.1% growth in Q1 FY22 was largely driven by the base effect. Structural reforms including disinvestment and bank privatisation needed to ensure a sustained growth path.

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Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Su-57, the Russian 5th generation fighter aircraft Photo by Snehesh Alex Philip

Russia wants to build next generation tanks, submarines with India

As the second regiment of the S-400 Triumf air defence system starts getting delivered, Russia said it expects the serial production of AK 203 rifles in Amethi to begin in late 2022-early 2023.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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