Tuesday, 17 May, 2022
TopicFiscal deficit

Topic: fiscal deficit

Govt finances deteriorating. Postpone fiscal deficit goals, make economics more transparent

Fiscal deficit for 2020-21 was pegged at 3.5 per cent of GDP in Budget 2020. But Covid and the lockdown have made sure this is impossible to achieve.

Fiscal deficit, coronavirus make India’s high-yielding bonds the least popular in Asia

Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations.

With tax revenues at only 8% of full year targets, India’s fiscal deficit zooms in Q1

Data released by the Controller General of Accounts showed that contraction in tax revenues and rising expenditures pushed the fiscal deficit to over Rs 6.6 lakh crore in first quarter.

With fiscal deficit rocketing, Modi govt may have to go back to RBI for support: Economists

Facing fiscal deficit of 7%, Modi govt can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.

India should spend more to revive demand, not worry about deficit: Economy expert Martin Wolf

Speaking at ThePrint's OffTheCuff, Chief Economics Commentator at The Financial Times Martin Wolf said India can afford to increase its debt-to-GDP ratio to 90%, but should avoid borrowing in foreign currency.

Govt’s immediate priority has to be to address loss of lives and livelihoods: Uday Kotak

Speaking to ThePrint’s Editor-in-Chief Shekhar Gupta at Off The Cuff, Kotak Mahindra Bank MD & CEO Uday Kotak said govt could explore direct cash transfers route if needed.

Fiscal deficit zooms to 4.6% in 2019-20, up from 3.8% estimate. Tax hit, lockdown to blame

A sharp fall in tax revenues and lower-than-estimated nominal GDP has pushed the fiscal deficit ratio to levels last seen in 2012-13.

Sitharaman says more support measures not ruled out but will depend on how pandemic evolves

In her interviews to three newspapers, Finance Minister Nirmala said no decision on monetisation of deficit has been taken yet.

India’s 2020-21 fiscal deficit expected to climb to 5.5% due to extra borrowing

The increase in annual borrowings to Rs 12 lakh crore from Rs 7.8 lakh crore has been necessitated by steep fall in revenue collections & unscheduled spending.

Fiscal slippage imminent as govt to borrow additional Rs 4.2 lakh crore in 2020-21

Govt says full year borrowing will increase to Rs 12 lakh crore from the initially budgeted Rs 7.8 lakh crore on account of the coronavirus pandemic.

On Camera

YourTurn

Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

By special arrangement

Desi defence start-up helps Army go off decades-long dependence on imported cold-weather gear

While AROO does research on the product, manufacturing is handled by another company with which it has a tie-up. The first set of AROO gear was delivered in second half of 2021.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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