Friday, 2 December, 2022
TopicFiscal deficit

Topic: fiscal 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.

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.

On Camera

YourTurn

Prannoy Roy in Abu Dhabi

You can call NDTV elitist, anglicised. But it defended democracy, gave us Ravish Kumar

In all these years of covering elections on NDTV, I do not recall a single occasion when I was asked or even hinted to say or not say something. I disagreed with Prannoy Roy off-screen and on-screen and that was never a problem.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.