Page 20 - Latest Updates on Fiscal Deficit
The new axis of infrastructure
India's massive infrastructure build-out targets need an all-hands-on-deck effort
Glitter versus gold in policy-making
Three years of slowing growth hold two important lessons for the Budget
 "Glitter versus gold in policy-making")
Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival
Markets to open for regular trading on February 1
 "Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival")
India Ratings pegs Centre's fiscal deficit at 3.6% of GDP ahead of Budget
In its outlook for FY21, it projected the deficit to be 3.4 per cent in the next year against 3 per cent given in the papers presented under the Fiscal Responsibility and Budget Management (FRBM)
 "India Ratings pegs Centre's fiscal deficit at 3.6% of GDP ahead of Budget")
GDP to grow by 5.5% in FY21 but downside risks persists: India Ratings
The government has announced a slew of measures recently to prop-up the economy, but Ind-Ra believes they will come to aid only in the medium term
 "GDP to grow by 5.5% in FY21 but downside risks persists: India Ratings")
Revival lessons from 2008 stimulus
The persisting downturn is resulting in lower revenues and rising deficit, reducing the space for a fiscal stimulus
 "Revival lessons from 2008 stimulus")
How well did the Modi govt manage its fiscal deficit in the last 6 years?
A comparison of Modi govt's management of fiscal deficit with UPA-2
 "How well did the Modi govt manage its fiscal deficit in the last 6 years?")
FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report
"This year, there will be a realistic assessment of the nominal GDP," said a source.
 "FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report")
Why a growth rate falling below 5% is a clear and present danger for India
At 5 per cent, GDP growth in the current year would be an 11-year low. Worse, this will also mark a deceleration for a third straight year, writes A K Bhattacharya
At least Rs 1.5-2 trn capital infusion is needed: Ficci chief Sangita Reddy
If there's a time-bound plan to raise Rs 3-5 trillion through disinvestment, which is more than adequate to cover the spending, it won't affect the ratings, says Sangita Reddy
 "At least Rs 1.5-2 trn capital infusion is needed: Ficci chief Sangita Reddy")
Budget 2020: FY21 fiscal deficit likely to be around 3.5% of GDP
In the pre-Budget meetings, economists and experts have been advising Sitharaman and Prime Minister Narendra Modi to leave aside fiscal concerns
 "Budget 2020: FY21 fiscal deficit likely to be around 3.5% of GDP")
Don't lose sight of the long term
There could be disruptions in the near term, but ultimately the economy will bottom out
 "Don't lose sight of the long term")
FinMin may use more cash management bills in FY21 to meet debt obligations
Though the Union Budget 2020 will decide the fiscal deficit for the next financial year, it is now almost certain that the current fiscal deficit of 3.3 per cent may be unattainable
 "FinMin may use more cash management bills in FY21 to meet debt obligations")
Fiscal deficit won't matter if spending is prudent, says Pronab Sen
Terming the economic situation as 'very bad,' Sen said that post 2016-17 India's economic statistics measuring GDP growth were 'largely guess work'
 "Fiscal deficit won't matter if spending is prudent, says Pronab Sen")
Fiscal deficit target breached, won't advise tightening: Abhijit Banerjee
The Union Budget will be presented by Union Finance Minister Nirmala Sitharaman in February 2020.
 "Fiscal deficit target breached, won't advise tightening: Abhijit Banerjee")
Pre-Budget meet: Fundamentals are strong, economy will rebound, says PM
Economists ask Modi to restore data credibility, provide stimulus
 "Pre-Budget meet: Fundamentals are strong, economy will rebound, says PM")
Indian economy needs govt spending even if fiscal deficit widens: Official
The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official
 "Indian economy needs govt spending even if fiscal deficit widens: Official")
Govt set to breach fiscal deficit target, shows GDP advance estimates
If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent
 "Govt set to breach fiscal deficit target, shows GDP advance estimates")
Public finances: Something doesn't add up
Revenues for 2019-20 projected in the July Budget simply cannot be realised
 "Public finances: Something doesn't add up")
Fiscal deficit at 3%: A sensible target despite questions about its origin
The number wasn't imported from the Maastricht Treaty, but is a synthesis of the experiences of various countries within and outside the accord
 "Fiscal deficit at 3%: A sensible target despite questions about its origin")
