Saturday, 1 October, 2022
TopicFiscal deficit

Topic: fiscal deficit

Gita Gopinath asks India to stick to fiscal consolidation as Q3, Q4 recovery could be lower

At FICCI event, Gita Gopinath says IMF is likely to revise India's growth forecast downwards in its January outlook.

Now, states could miss their fiscal deficit targets as slowdown hits finances

Deficit ratio of states has remained within mandated threshold of 3% of GDP in previous 2 years. But they could miss their latest goal of 2.6%.

Fiscal deficit target is not sacrosanct, Modi govt can overshoot it & revive economy

ThePrint view on the most important issues, instantly.

Modi govt set to miss fiscal deficit target for 2019-20

The govt is looking at how much space it has within Fiscal Responsibility and Budget Management Act for a possible fiscal slippage, says official.

Modi govt disinvesting in PSUs crucial but here’s why privatisation is easier said than done

Modi government's disinvestment decision is already facing stiff opposition from employees of BPCL, Container Corporation of India, and even the Swadeshi lobby.

Tax collected until September is just 37% of full-year target — lowest since 2014-15

According to the Controller General of Accounts, tax collection until September is 2.6% lower than last year — a sign that slowdown is affecting govt revenues.

Yashwant Sinha says corporate tax cut not enough, Sanjaya Baru for investment in Saudi

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

It’s time to forget the 3% target for fiscal deficit

There's no great virtue in stipulating that 3% of GDP is the desired level of fiscal deficit. India, with its faster economic growth rate, can cope quite well on all indicators with a higher deficit.

Fiscal deficit at over 78% of budget estimate till August-end

The deficit, which touched Rs 5.54 lakh crore, was at 86.5% of the 2018-19 Budget Estimate in the corresponding month a year ago.

India’s fiscal deficit seen jumping to 3.7% this year after stimulus to economy: Fitch

Modi govt decision to cut taxes to boost growth will lead to India missing its fiscal deficit target of 3.3% of GDP, Fitch ratings said in a report.

On Camera

YourTurn

Wild elephants monitored under thermal UAVs in Maharashtra | RESQ Charitable Trust

We monitored wild elephants, leopards in villages with thermal drones first time in Maharashtra

Whether it's monitoring wildlife, mitigating conflict, capturing of wildlife on field, UAVs are effective tools to complement existing on-ground efforts.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

File photo of former Air Chief Marshal RKS Bhadauria after flying a MiG-21 of 51 Squadron at the Srinagar airbase | ANI

Famed IAF pilot Abhinandan Varthaman’s MiG-21 Squadron bows out from Srinagar today

Known as the ‘Sword Arms’, number-plating of the squadron was done Friday. It has made way for MiG-29s to be the new 'guardian of the Valley'.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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