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File photo of Expenditure Secretary T.V. Somanathan. | Photo: YoutTube

Modi govt has tried to stimulate economy without creating future crisis: Expenditure Secy

Speaking to ThePrint, Expenditure Secretary T.V. Somanathan says borrowings through extra-budgetary resources have increased but Modi govt has been transparent in disclosing it.
Moody's logo displayed outside its headquarters in New York | Scott Eells/Bloomberg

Moody’s says Modi govt’s 10% GDP growth projection ambitious, scales it down to 8.7%

Moody's said the growth outlook remained weak given the structural and cyclical challenges facing India's economy.
Finance Minister Nirmala Sitharaman in Parliament to present Union Budget 2020-21 Saturday | Photo: Praveen Jain | ThePrint

Small savings fund, off-budget borrowings rescue Modi govt again on fiscal deficit

The fiscal deficit for 2019-20 and 2020-21 would have been higher at 4.6% and 4.4% respectively if the govt had not shifted its liabilities out of the budget.
Finance Minister Nirmala Sitharaman ahead arrives in Parliament to present the Union Budget 2020-21 Saturday | Photo: Praveen Jain | ThePrint

No big fiscal stimulus in Nirmala Sitharaman’s Budget 2020, but govt can still do it later

Finance Minister Nirmala Sitharaman can do more on policy and legislative changes that are not related to tax, revenue and expenditure.
Representational image | Dhiraj Singh/Bloomberg

Nirmala Sitharaman raises FY20 fiscal deficit projection to 3.8%, FY21 target set at 3.5%

In Union budget speech, Nirmala Sitharaman says govt used the deviation allowed in the FRBM Act of 0.5 percentage points in both FY20 and FY21.
Modi is facing a backlash from within his party for insisting Chief Minister Nitish Kumar should stay. | Photo: PTI

Bihar Deputy CM Sushil Modi wants states to spend, borrow more to battle economic slowdown

In an interview to ThePrint, Sushil Modi says many states favour increasing the state fiscal deficit limit to 3.5% of GSDP from the existing 3%.
A pedestrian is silhouetted as the Bombay Stock Exchange (BSE) building, center, stands the background in Mumbai. | Photo: Dhiraj Singh| Bloomberg

Foreigners are dumping Indian bonds fearing widening fiscal deficit

Global funds have turned net sellers of India’s sovereign bonds for the first time in four months, as expectations grow of a wider fiscal deficit.
File image of former finance secretary Subhash Chandra Garg | Photo: Suraj Singh Bisht | ThePrint

Time for India to come clean on fiscal deficit numbers: Ex-finance secretary Subhash Garg

Subhash Chandra Garg says real fiscal deficit could reach 5% of GDP after including off-budget liabilities, so there’s no space for an expansionary budget.
File image of Finance Minister Nirmala Sitharaman | Photo: PTI

How Modi govt’s budget could be affected by US air strikes to kill Iranian general

Oil prices rose close to $70 a barrel in international markets after US air strikes killed Qassem Soleimani, an Iranian general.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

$30 billion and counting: Modi govt eyes telecom & other firms to meet fiscal deficit target

After demanding $3 bn each from Vodafone and Airtel, and a reported $24 bn from GAIL India, now the govt has sought $2 bn from a fertiliser maker in Gujarat.

On Camera

Is India’s coronavirus lockdown leading to stress in families or strengthening relationships?

The 21-day nationwide lockdown due to coronavirus has led to people working from home and thus, spending more time with their families and partners.

Defence

Army personnel distribute packaged food to the homeless in Chennai on 31 March 2020 | PTI

In a first, Army deploys medical team at civil coronavirus quarantine camp in Delhi

The Indian Army has so far only been operating out of quarantine camps set up by the armed service for coronavirus patients.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.