TopicFiscal deficit

Topic: fiscal deficit

Nirmala Sitharaman raises FY20 fiscal deficit projection to 3.8%, FY21 target set at 3.5%

Remya Nair - February 1, 2020

In Union budget speech, Nirmala Sitharaman says govt used the deviation allowed in the FRBM Act of 0.5 percentage points in both FY20 and FY21.

Bihar Deputy CM Sushil Modi wants states to spend, borrow more to battle economic slowdown

Remya Nair - January 29, 2020

In an interview to ThePrint, Sushil Modi says many states favour increasing the state fiscal deficit limit to 3.5% of GSDP from the existing 3%.

Foreigners are dumping Indian bonds fearing widening fiscal deficit

Subhadip Sircar - January 22, 2020

Global funds have turned net sellers of India’s sovereign bonds for the first time in four months, as expectations grow of a wider fiscal deficit.

Time for India to come clean on fiscal deficit numbers: Ex-finance secretary Subhash Garg

Remya Nair - January 16, 2020

Subhash Chandra Garg says real fiscal deficit could reach 5% of GDP after including off-budget liabilities, so there’s no space for an expansionary budget.

How Modi govt’s budget could be affected by US air strikes to kill Iranian general

Remya Nair - January 3, 2020

Oil prices rose close to $70 a barrel in international markets after US air strikes killed Qassem Soleimani, an Iranian general.

$30 billion and counting: Modi govt eyes telecom & other firms to meet fiscal deficit target

Rahul Satija - January 2, 2020

After demanding $3 bn each from Vodafone and Airtel, and a reported $24 bn from GAIL India, now the govt has sought $2 bn from a fertiliser maker in Gujarat.

India needs a fiscal consolidation path to cut its debt, IMF says

Ana Monteiro - December 24, 2019

Credible medium-term fiscal consolidation path driven by subsidy-spending rationalisation and tax-base enhancing measures is needed, IMF says.

Fitch Ratings cuts India’s GDP growth forecast to 4.6%

PTI - December 20, 2019

Fitch said growth will gradually recover to 5.6% in FY21 and 6.5% in the following year with support from easing monetary and fiscal policy and structural measures.

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

Remya Nair - December 20, 2019

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

Anirban Nag - December 20, 2019

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%.

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Topic: fiscal deficit

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