Page 18 - Latest Updates on Fiscal Deficit
Beyond numbers
Budget speech should have been fact-checked
 "Beyond numbers")
Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman
Sitharaman said her ministry is motivating tax officers to meet the collection targets and not forcing them to do so
 "Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman")
We have reprioritised spending to be more productive: Expenditure Secretary
If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent
 "We have reprioritised spending to be more productive: Expenditure Secretary")
Govt very transparent in setting new fiscal deficit target: FM Sitharaman
She further said that many people have been speculating that the fiscal deficit would cross 4%
 "Govt very transparent in setting new fiscal deficit target: FM Sitharaman")
Analysts expect RBI rate hike, see FY21 fiscal deficit target challenging
Goldman Sachs said the central bank will shift the stance of the monetary policy to "neutral" from "accommodative" at this week's review
 "Analysts expect RBI rate hike, see FY21 fiscal deficit target challenging")
Budget stimulus unlikely to revive India's growth from slowdown: Experts
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost
 "Budget stimulus unlikely to revive India's growth from slowdown: Experts")
Risks of revised estimates
How a potential fiscal deficit of 4.65% of GDP was brought down in the 2019-20 revised estimates
Budget: A few positive prescriptions for a slow cure, says JM Financial MD
It is reassuring to see that the deficit target was kept within expected lines and 10 per cent growth in nominal gross domestic product is projected
 "Budget: A few positive prescriptions for a slow cure, says JM Financial MD")
A prudent Budget that is unlikely to revive faltering economic growth
Fiscal prudence has been given priority over fiscal stimulus which will contain the growth of debt liabilities, but it will not provide the strong public expenditure push required for reviving growth
 "A prudent Budget that is unlikely to revive faltering economic growth")
Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research
The revised deficit target is propped on the belief that the divestment will fetch Rs 65,000 crore through the next two months
 "Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research")
Nirmala Sitharaman's Budget again reveals structural fiscal constraint
It recognises it cannot afford space for expansionary fiscal policy
 "Nirmala Sitharaman's Budget again reveals structural fiscal constraint")
Budget 2020 subsidy burden looks benign due to off-budget borrowing
Fertiliser subsidy down, food subsidy up
 "Budget 2020 subsidy burden looks benign due to off-budget borrowing")
Nirmala Sitharaman's Budget 2020: Balancing act or leap of faith?
FM fights shrinking fiscal space by increasing non-tax revenue, freezing growth in subsidies
Budget 2020: A K Bhattacharya on major takeaways for the Indian economy
What did the finance minister have in the Budget for the Indian economy? Listen to the podcast to know
 "Budget 2020: A K Bhattacharya on major takeaways for the Indian economy")
Budget 2020 in 2 minutes: Fiscal deficit target, income tax rates, and more
The personal income tax has been simplified and reduced. Individuals will have to pay tax at the reduced rate of 10% for incomes of Rs 5-7.5 lakh, against the current rate of 20%
 "Budget 2020 in 2 minutes: Fiscal deficit target, income tax rates, and more")
Full text of Finance Minister Nirmala Sitharaman's Budget speech in LS
Here is the full text of the Budget speech of FM Sitharaman in Lok Sabha
 "Full text of Finance Minister Nirmala Sitharaman's Budget speech in LS")
Fiscal deficit way past 3.5% goal if off-budget borrowings are factored in
Adding these borrowings, amounting to Rs 1.86 trn, to the Rs 7.96 trn projected fiscal deficit would take the actual deficit to 4.37% of GDP, and not the official 3.5% estimate
India's growth, fiscal deficit projections challenging to meet: Moody's
Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%
 "India's growth, fiscal deficit projections challenging to meet: Moody's")
Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?
The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21
Income Tax slabs to fiscal deficit, all the key points from Budget 2020
Govt estimates economic growth this fiscal year, which ends on March 31, will slip to 5% - its weakest pace since the global financial crisis of 2008-09
 "Income Tax slabs to fiscal deficit, all the key points from Budget 2020")
