Wednesday, 26 January, 2022
TopicFiscal deficit

Topic: fiscal deficit

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.

Centre’s fiscal deficit stood at 18.2% of budget estimate for FY22 at end of June

In absolute terms, the fiscal deficit was at Rs 2,74,245 crore. For the current financial year, the government expects the fiscal deficit at 6.8% of GDP or Rs 15,06,812 crore.

Why Article 282 needs a rethink as Centre and states battle for money

The use of Article 282 to implement centrally sponsored schemes remains a source of tension. Public health can be a starting point to take a hard look at intergovernmental transfers.

If India has to spend to save lives, livelihoods, it must ignore deficit & spend: Rajiv Kumar

There is a high probability of a third wave in India, NITI Aayog's Kumar said, by way of supporting his prescription to overlook fiscal considerations until the pandemic is curbed.

Why Covid crisis must push credit rating firms to overhaul their methods and address bias

With agencies sticking to their methodology in these times, an emerging economy rating and outlook appear to be worse regardless of whether its government is fiscally prudent or not.

Why Modi govt has walked a tightrope with new Covid relief package

The structure of Finance Minister Nirmala Sitharaman’s latest stimulus package indicates that the government had an eye on the fiscal deficit while making it.

Modi govt seen missing fiscal deficit target for 5th year due to Covid relief, weak revenues

The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.

Fiscal deficit for 2020-21 at 9.3% of GDP, lower than estimated by finance ministry

The government had initially pegged the fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the budget presented in February 2020.

Warlike fortification at Delhi borders is lousy politics, shows govt’s paranoia and insenstivity

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inequality report

Dear Oxfam, stop looking for inequality in India, go back to distributing blankets

Oxfam India's 2022 report titled makes sweeping recommendations to fight 'extreme inequality', including reintroducing a ‘wealth tax’. Oxfam, leave economics alone.
Bottles of sunflower oil at a plant in Alekseyevka, Russia | Photo: Andrey Rudakov | Bloomberg

India to look at Brazil, Russia for sunflower oil as invasion threat looms over Ukraine

Ukraine is India's biggest supplier of sunflower oil. Any escalation in Russia-Ukraine tension is likely to hit edible oil prices in the country as 70% of its requirement is imported.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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