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.
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.
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.
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 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.
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.
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.
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'.