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Friday, August 22, 2025
TopicOff-budget borrowings

Topic: off-budget borrowings

Small savings fund, off-budget borrowings rescue Modi govt again on fiscal deficit

The fiscal deficit for 2019-20 and 2020-21 would have been higher at 4.6% and 4.4% respectively if the govt had not shifted its liabilities out of the budget.

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.

How borrowings outside the budget hide the real deficit numbers

A fine print reading of 2019 budget shows off-budget borrowings are on the rise. ThePrint takes a look at what that means.

On Camera

Swraj Paul was the original NRI powerbroker. Helped Indira’s return, shaped India Inc

When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

INS Udaygiri, Himgiri: The significance of made-in-India stealth frigates to enter service together

Equipped with advanced weapons, sensors & 75% local content, the frigates will strengthen Navy’s Eastern Fleet & augment counter piracy and coercion efforts.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?