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Friday, March 29, 2024
TopicFiscal deficit

Topic: fiscal deficit

‘One of the most fiscally unhealthy states’ — what Centre’s note to SC on Kerala’s finances says

In response to Kerala’s petition, Centre has said the state has performed worse than all-states average on all fiscal indicators, adding that its performance has worsened over time. 

Lower October tax revenue growth & higher spending as 2024 polls near could strain govt finances

With tax revenue not doing as well as needed, govt has few choices before it: reduce subsidy-led revenue expenditure, cut back on growth-oriented capex, or miss its fiscal deficit target.

States spending better, with many prioritising capex. But those dependent on Centre may face stress

Capital expenditure of 23 states grew by 52% in April-September 2023 over same period last yr, but discontinuation of GST compensation, tapering of grants could weigh down some states.

Moody’s retains India’s risk rating & ‘stable’ outlook, highlights Manipur unrest, civil society treatment

Ratings agency kept India’s rating & outlook unchanged, citing Indian economy’s growth, banking success on the one hand versus high debt, fiscal deficit and interest payments on the other.

Something ties UP to TN: their inability to spend allocated budget. And parties thrive on it

Data reveals that states with a lower variance between their estimates and their actual expenditure do better in terms of governance outcomes. Spending less isn't the solution.

Pakistan’s 3.5% GDP growth target ‘realistic’, says finance minister amid stalled IMF bailout

The budget is being closely watched by the International Monetary Fund as the South Asian country seeks further bailout money during an economic and balance of payments crisis.

Budget 2023 takes a leap in reducing India’s fiscal deficit

Measures announced by Finance Minister Nirmala Sitharaman in Budget 2023 are clearly not populist, which has been the convention.

Centre to target fiscal deficit of 5.9% of GDP in Union Budget 2023, says Finance Minister

Nirmala Sitharaman said the government will aim to have strong public finances and a robust financial sector for the benefit of all sections of society.

India’s April-Nov fiscal deficit touches 9.78 trillion rupees

Net tax receipts were 12.25 trillion rupees, while total expenditure was 24.43 trillion rupees, government data showed.

UPA-2 faced the same economic issues Modi govt does now. But there’s one difference

The Modi govt has to ensure that the 2024 Lok Sabha election doesn’t entice it to throw fiscal prudence out of the window like UPA-2 did.

On Camera

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.