Fiscal Deficit

COVID To Not Impact Fiscal Deficit Target, Expect Recovery From July: KV Subramanian

Business | Edited by Nikita Prasad (With inputs from Agencies) | Thursday June 3, 2021

The economy contracted by a record 7.3 per cent in the financial year 2020-21 due to COVID-19, registering its worst pace in over four decades. according to government data

April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

Business | Reuters | Friday February 26, 2021

Fiscal Deficit Target: Net tax receipts were Rs 11.02 lakh crore, while total expenditure was Rs 25.17 lakh crore, the data showed.

Tamil Nadu Tables Interim Budget Ahead Of Assembly Elections

India News | Press Trust of India | Tuesday February 23, 2021

Ahead of the Tamil Nadu assembly elections likely in April, the AIADMK government in the state today presented an interim budget for 2021-22 with the COVID-19 pandemic contributing to a higher fiscal deficit of over Rs 84,000 crore.

Fiscal Deficit Of States To Moderate To 4.3% Of GDP In Next Financial Year: Report

Business | Edited by Nikita Prasad | Friday February 19, 2021

The agency estimates the nominal GDP to grow 14.5 per cent in the next fiscal year and also that a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure

Reining In High Fiscal Deficits Key To India Keeping Investment-grade Rating: Report

Business | Reuters | Wednesday February 17, 2021

S&P currently has India at -BBB-,- its lowest investment-grade rating, with a stable outlook

Government's Budget Transparency May Help India Join Global Bond Indices

Business | Anirban Nag and Subhadip Sircar, Bloomberg | Friday February 12, 2021

India's admission of a record budget deficit is drawing praise from investors, who see it as baby steps to making data out of Asia's third-largest economy less opaque

High Fiscal Deficit To Pose Challenge In Lowering Debt To GDP Ratio: Rating Agency

Business | Press Trust of India | Wednesday February 10, 2021

Fitch Ratings estimated India to clock an 11 per cent growth in the fiscal beginning April and then grow at 6.5 per cent a year through to 2025-26 fiscal.

From Agriculture To Defence: Sector-Wise Highlights Of Finance Minister's Budget 2021

Business | Edited by Nikita Prasad | Tuesday February 2, 2021

Budget 2021: Finance Minister Nirmala Sitharaman presented Budget 2021 on February 1, 2021, in the Lok Sabha, aimed at reviving the economy battered by the coronavirus pandemic. Ms Sitharaman said that the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that Rs 35,000 crore would be spent on COVID-19 vaccines. Budget 2...

Budget Focuses On Bringing Down Fiscal Deficit To 6.8% By Next Fiscal: Highlights

Business | Edited by Abhishek | Tuesday February 2, 2021

Budget 2021: As part of healthcare spending, Budget 2021 allocated Rs 35,000 crore for Covid-19 vaccine.

Wider Fiscal Deficits Could Pressure Government's Sovereign Ratings: Fitch

Business | Reuters | Tuesday February 2, 2021

Fitch said higher infrastructure and expenditure will support near-term recovery alongside falling coronavirus cases and the vaccine rollout, and possibly reduce longer-term economic scarring

'Metro Lite' and 'Metro Neo' To Boost Urban Infrastructure In Tier-2 Cities

Business | Edited by Nikita Prasad | Monday February 1, 2021

Budget 2021: The Finance Minister added that the government will raise the share of public transport in urban areas through the expansion of the metro rail network and the city bus service will be strengthened

Fiscal Deficit Pegged At 9.5% Of Gross Domestic Product: Finance Minister

Business | ANI | Monday February 1, 2021

Budget 2021: The fiscal deficit will reach below 4.5 per cent by FY26, she said while presenting the Union Budget 2021-22, said the finance minsiter

Blog: What Budget Delivers - And Where It Falls Too Short

Blog | IP Bajpai | Monday February 1, 2021

This is a budget that promises to boost the economy through infrastructure spend and promises continuity in tax policies. If these hopes are translated by the political will of the Government, then we could see a faster recovery next year. And it's a good idea to keep adjusting spends with receipts so that the fiscal deficit remains within the year...

Key Challenges For Finance Minister Ahead Of Budget 2021

Business | Edited by Nikita Prasad | Monday February 1, 2021

Budget 2021: Reserve Bank of India's monetary policy, including moratorium, restructuring of loans etc, has helped to ease financial constraints to some extent, but not the demand

Government Says Fiscal Deficit May Overshoot Budget Estimates In 2020-21

Business | Reuters | Monday February 1, 2021

The survey, which comes just ahead of the union budget for the new fiscal year that Finance Minister Nirmala Sitharaman is set to present on Monday, also forecast a "V-shaped" economic recovery.