Page 24 - Latest Updates on Fiscal Deficit
Bond traders caught off-guard as talk of limited fiscal space gains ground
A gauge of volatility for India's 10-year sovereign bonds rose to an eight-month high
 "Bond traders caught off-guard as talk of limited fiscal space gains ground")
FM Sitharaman rules out any immediate plan for expenditure reduction
No change in fiscal deficit target for now, says FM Nirmala Sitharaman
 "FM Sitharaman rules out any immediate plan for expenditure reduction")
After corporate tax cut, fiscal crisis reaches states' doorstep
The recent sentiment-boosting corporate tax cuts will cost the government Rs 1.45 trillion of gross tax revenue
 "After corporate tax cut, fiscal crisis reaches states' doorstep")
Impact of corporate tax rate cut on firms, economy: Explained in six chart
After this cut, base corporate tax rate in India has become competitive and should help boost investment
 "Impact of corporate tax rate cut on firms, economy: Explained in six chart")
No plans to revise fiscal deficit target or cut spending now: Sitharaman
The government cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low.
 "No plans to revise fiscal deficit target or cut spending now: Sitharaman")
Worst-case scenario is a 0.5% fiscal slippage: Ashima Goyal on tax cut
If towards the end of the year, government finds that the deficit is rising, then they may cut expenditure, Goyal said
 "Worst-case scenario is a 0.5% fiscal slippage: Ashima Goyal on tax cut")
Flip side of corporate tax bonanza: Fiscal deficit may rise to 3.7% of GDP
Centre may have to go for spending cuts and off-Budget borrowing
 "Flip side of corporate tax bonanza: Fiscal deficit may rise to 3.7% of GDP")
Bond traders on edge over possible stimulus; seek assurance on fiscal goals
The government will make every effort to ensure that the revenue loss from its latest booster won't affect its goal to narrow the fiscal gap to 3.3 per cent of GDP
 "Bond traders on edge over possible stimulus; seek assurance on fiscal goals")
Advance tax mop-up posts dismal growth, rises by just 6% in H1FY20
Direct tax collection needs to grow by about 27% from here on to meet FY20 Budget target
 "Advance tax mop-up posts dismal growth, rises by just 6% in H1FY20")
Podcast: Nirmala Sitharaman's various moves to help revive the economy
Finance ministry is working out mechanism to release the money, stuck after it sanctioned the amount to other ministries & departments for various projects and schemes, to prop up the sagging economy
 "Podcast: Nirmala Sitharaman's various moves to help revive the economy")
FinMin plans to release unspent money, boost demand amid economic slowdown
To look at fiscal deficit of entire country before starting pre-Budget consultations, cut off-Budget borrowings
 "FinMin plans to release unspent money, boost demand amid economic slowdown")
Round 3 of economic stimulus: tax break for exports, help for real estate
FM rolls out Rs 20,000 crore fund for affordable, unfinished homes
Letter to BS: Govt must strike balance between savings and expenditure
The huge shortage in GST collection last year has widened the fiscal deficit
 "Letter to BS: Govt must strike balance between savings and expenditure")
After RBI bailout, doubts emerge on how govt will pay for schemes in future
PM Modi announced a flurry of ambitious programmes to win over voters; he now has to find resources to fund recurring expenses for farm income, employment guarantees and health access
Why India could miss fiscal deficit target for the current financial year
By the end of 2019, govt could be forced to raise the fiscal deficit target to 3.5% of GDP from the current target of 3.3% as pressure for more stimulus mount
 "Why India could miss fiscal deficit target for the current financial year")
Fiscal deficit crosses 77% of budgeted target in first four months of FY20
The deficit stood at 8.8 per cent of gross domestic product (GDP) in the first quarter of FY20 (Q1FY20)
 "Fiscal deficit crosses 77% of budgeted target in first four months of FY20")
Fiscal deficit crosses 77% of budgeted target in first 4 months of FY20
Net tax receipts in the first four months of the fiscal year were Rs 3.39 trillion, while total expenditure was Rs 9.47 trillion, government data showed
 "Fiscal deficit crosses 77% of budgeted target in first 4 months of FY20")
Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more
From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday
 "Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more")
Govt may contain fiscal deficit at 3% in FY20 after RBI's surplus transfer
The fiscal deficit target seemed challenging with subdued tax collections
FM's fiscal stimulus can boost consumption ahead of festive season
The FM also promised to accelerate the processes for GST refunds
 "FM's fiscal stimulus can boost consumption ahead of festive season")
