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Topic: off-budget borrowings

Finance Minister Nirmala Sitharaman in Parliament to present Union Budget 2020-21 Saturday | Photo: Praveen Jain | ThePrint

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.
Finance Minister Nirmala Sitharaman presenting the 2019 Budget. | ANI

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.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

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

Lalu’s loyalty to secularism is Tejashwi Yadav’s biggest political test in Modi’s India

In 1990, when then BJP president L.K. Advani was carrying out his rath yatra unbridled, it was Lalu Yadav as CM who had dared to stop him from entering Bihar.
Representational image. | A five gram gold coin sits on a counter inside a Titan Co. Tanishq jewellery store in Mumbai. | Photo: Dhiraj Singh/Bloomberg

Tatas got panned for Tanishq ad. But this state govt is the largest shareholder in Titan

Titan was set up in 1984 as a joint venture between the Tata group and a state govt. While the Tatas own 25.02% stake, the state govt owns 27.88% stake in the company.

Defence

Union Defence Minister Rajnath Singh meets his US counterpart Mark Esper at his office in South Block Monday | Twitter | @rajnathsingh

India & US agree on deeper cooperation in Indo-Pacific as Rajnath meets Mark Esper

The hour-long meeting between Defence Minister Rajnath Singh and his US counterpart Mark Esper came a day before the bilateral 2+2 ministerial dialogue in Delhi.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.