Thursday, 18 August, 2022
TopicFiscal deficit

Topic: fiscal deficit

Modi govt ‘risks’ National Small Savings Fund by using it to support struggling PSUs

Loans from NSSF to PSUs have risen 500% since 2016-17, though some can’t repay them. Critics say this is govt’s way of keeping fiscal deficit in control.

‘Fudge Corp of India’ – How Modi govt uses FCI to keep fiscal deficit artificially low

Modi government has been transferring a part of its liabilities to FCI by giving it loans from NSSF and lowering the actual food subsidy in the budget.

Modi won’t win in 2024, unless these nine economic follies are reversed

In 2024 Lok Sabha election, it will be good economics that will deliver PM Modi a good political outcome. He needs advisers he will listen to.

CAG indicates real fiscal deficit for FY19, FY20 could be 1.5-2% points above govt estimate

The real fiscal deficit number will change if the off-budget borrowings made by govt and flagged by CAG are taken into account.

Borrowing abroad is bold, but India first needs to produce data that lenders can trust

Cost of borrowing will go up if foreign lenders mistrust India’s budget estimates, off-budget borrowing or fear payment could be delayed to achieve annual targets.

If it moves, tax it. That’s desperate, India

India is losing the fiscal plot with bureaucrats trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the RBI.

Nirmala Sitharaman’s formula for growth — more investment, infra push, help for NBFCs

Looking to make India a $5-trillion economy by 2024-25, Finance Minister Nirmala Sitharaman pushed for growth without sacrificing welfare schemes.

Nirmala Sitharaman defies expectations, lowers fiscal deficit target to 3.3%

Nirmala Sitharaman announces a series of steps to raise tax revenues, including a surcharge on the super rich and a hike in excise duty and cess on fuel.

What is revenue deficit, fiscal expansion? Here’s a budget dictionary to crack the jargon

The Budget is upon us and so are terms such as revenue deficit, fiscal expansion & Public Sector Borrowing Requirement. Here's a dictionary to unscramble them.

Budget 2019: India has a law to cap fiscal deficit but UPA and NDA couldn’t care less

No matter what the specific deficits caps, debt limits or escape clauses are, a stronger rule of law in fiscal policy is in public interest.

On Camera

YourTurn

Bihar Chief minister Nitish Kumar with Deputy CM Tejaswi Yadav | ANI File Photo

Operation Lantern fails to light up in Bihar. And BJP in search of a Brahmin face in UP

The no-fuss change of government in Bihar, without horse-trading or MLAs in resorts, has prompted a coalition partner to request the CM to make arrangements for a trip to a hill station.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

(From left) Defence Minister Rajnath Singh, External Affairs Minister S. Jaishankar, US Secretary of Defence Lloyd J. Austin and US Secretary of State Antony Blinken after the India-US 2+2 Ministerial Dialogue, in Washington, 12 April, 2022 | Credit: ANI Photo/ PIB

USAF secy needs Pentagon escort but Indian attaché doesn’t — that’s how deep India-US ties are

Frank Kendall, Secretary of the US Air Force, says the unescorted access to Pentagon for Indian defence attaché 'is aligned with the trust and cooperation we share'.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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