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.
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 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.
Equipped with advanced weapons, sensors & 75% local content, the frigates will strengthen Navy’s Eastern Fleet & augment counter piracy and coercion efforts.
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?
1. This is an interesting article. My view is that most ordinary citizens won’t understand anything about fiscal deficit and other terms used in this article. 2. My simple suggestion is that all governments follow commercial system of accounting which just needs maintaining record of all transactions of expenditure and income on accrual basis. Once this is done, the so-called difficulty in arriving at figure of fiscal deficit can be considerably lessened. 3. We are aware of fact that listed companies follow and implement provisions in the Companies Act and also SEBI’s guidelines to regarding disclosure of important financial information in specific formats. If both Central and all State governments strictly follow commercial system of accounting, as mentioned earlier, and accordingly prepare statements of financial performance in proper formats, there won’t be any secrecy around fiscal deficit figures.
1. This is an interesting article. My view is that most ordinary citizens won’t understand anything about fiscal deficit and other terms used in this article. 2. My simple suggestion is that all governments follow commercial system of accounting which just needs maintaining record of all transactions of expenditure and income on accrual basis. Once this is done, the so-called difficulty in arriving at figure of fiscal deficit can be considerably lessened. 3. We are aware of fact that listed companies follow and implement provisions in the Companies Act and also SEBI’s guidelines to regarding disclosure of important financial information in specific formats. If both Central and all State governments strictly follow commercial system of accounting, as mentioned earlier, and accordingly prepare statements of financial performance in proper formats, there won’t be any secrecy around fiscal deficit figures.