Page 11 - Latest Updates on Fiscal Deficit
Why states should find newer resources rather than cut back on spending
For states staying within the fiscal deficit targets is important, but not by cutting back on expenditure
 "Why states should find newer resources rather than cut back on spending")
Combined fiscal deficit to cross 13%; govt debt to jump over 80%: Report
The Covid-induced growth contraction and additional spending to support the needy amounting to a little over 2% of the economy are likely to push the combined fiscal deficit to 13% of GDP this fiscal
 "Combined fiscal deficit to cross 13%; govt debt to jump over 80%: Report")
Top headlines: Fiscal deficit soars 115%, Aarogya Setu app row, and more
From fiscal deficit soaring to 115% in first half to L&T still suffering from lockdown woes, here are the top headlines on Friday
 "Top headlines: Fiscal deficit soars 115%, Aarogya Setu app row, and more")
Revenue stress: Fiscal deficit in first half soars to 115% of target
Gap between revenue, expenditure at Rs 9.13 trn, against Rs 7.9 trn estimated in Budget for full year
 "Revenue stress: Fiscal deficit in first half soars to 115% of target")
A new global debt crisis
China's role as lender has complicated relief efforts
Best of BS Opinion: Interest-waiver issue, Covid-19 crisis, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Interest-waiver issue, Covid-19 crisis, and more")
The 10-year UPA/NDA government scorecard
I am not saying that focusing on the GDP growth rate and the fiscal deficit is a bad thing. Not at all. Both are important. But obsessing over them is stupid
Best of BS Opinion: China gaining traction, corporate frauds, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: China gaining traction, corporate frauds, and more")
Barking up the wrong tree
Strengthening the revenue forecasting system will yield better results than fixing deficit targets within a range
Centre to borrow Rs 1.1 trn to meet states' shortfall in GST compensation
The amount so borrowed will be passed on to the States as a back-to-back loan in lieu of GST Compensation Cess releases
 "Centre to borrow Rs 1.1 trn to meet states' shortfall in GST compensation")
IMF's debt recast programme should help nations overcome fiscal stress: FM
The initiative came into effect in April was initially agreed till end of 2020
 "IMF's debt recast programme should help nations overcome fiscal stress: FM")
Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report
The new schemes which will put an additional burden of Rs 40,000 crore on the government form 0.21 per cent of the GDP
 "Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report")
Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan
The combined fiscal deficit of states and centre during the current year may go up to 14 per cent against the mandated level of six per cent, former Reserve Bank Governor C Rangarajan said
 "Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan")
Best of BS Opinion: A fiscal road map, conserving groundwater, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: A fiscal road map, conserving groundwater, and more")
A fiscal road map
Govt must decide fast on the timing and amount of stimulus
Fiscal deficit of 18 states at 40.7% in Q1, revenue deficit at 285%: Ind-Ra
Steeply falling revenues and central grants amidst rising expenditure to fight Covid-19 led to 18 of the largest states reporting a collective revenue deficit of 285% of Budget Estimates in April-June
 "Fiscal deficit of 18 states at 40.7% in Q1, revenue deficit at 285%: Ind-Ra")
In April-August, India's fiscal deficit at 109% of full-year target
Fiscal deficit or the gap between the expenditure and revenue had breached the annual target in July.
 "In April-August, India's fiscal deficit at 109% of full-year target")
At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report
In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore
 "At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report")
India's April-Aug fiscal deficit passes 109% of full year budget target
The deficit is predicted to exceed 8% of GDP in the 2020/21 fiscal year that began in April, economists said.
 "India's April-Aug fiscal deficit passes 109% of full year budget target")
Top headlines: All acquitted in Babri case, Apr-Aug fiscal deficit overruns
From special court acquitting all accused in Babri demolition case to General Atlantic investing in Reliance Retail, Business Standard brings you top news of the evening
 "Top headlines: All acquitted in Babri case, Apr-Aug fiscal deficit overruns")
