Modi government's disinvestment decision is already facing stiff opposition from employees of BPCL, Container Corporation of India, and even the Swadeshi lobby.
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.
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.
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.
Mamdani’s politics feels unusual compared to India’s current climate. He unapologetically foregrounds Muslim identity at a time when doing so in India invites scrutiny.
On 4 November 2025, NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Arun Baroka, noted that WhatsApp and Meta are distinct legal entities.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
I would be thrilled if the fiscal deficit could be contained to 5%. For the last five odd years, the much vaunted fiscal responsibility and restraint is largely a figment of the imagination. Huge windfall receipts from lower oil prices, off balance sheet borrowings by institutions such as Minister Gadkari’s NHAI and FCI, hoovering out of accumulated reserves – even advance premium payments – of LIC, ONGC, lately the RBI, we really do not know how large the fiscal hole is, beyond understanding that the state governments are equally stretched. So one would not agonise over 50 basis points above 3.3%. 2. It is now becoming clear that the economic slowdown, attributable almost entirely to how the economy has been managed, is adding to fiscal stress. It is also exacerbating the NPA mess, because few corporates could have foreseen in September 2013 where we would end up.
I would be thrilled if the fiscal deficit could be contained to 5%. For the last five odd years, the much vaunted fiscal responsibility and restraint is largely a figment of the imagination. Huge windfall receipts from lower oil prices, off balance sheet borrowings by institutions such as Minister Gadkari’s NHAI and FCI, hoovering out of accumulated reserves – even advance premium payments – of LIC, ONGC, lately the RBI, we really do not know how large the fiscal hole is, beyond understanding that the state governments are equally stretched. So one would not agonise over 50 basis points above 3.3%. 2. It is now becoming clear that the economic slowdown, attributable almost entirely to how the economy has been managed, is adding to fiscal stress. It is also exacerbating the NPA mess, because few corporates could have foreseen in September 2013 where we would end up.