Page 6 - Latest Updates on Fiscal Deficit
India's fiscal deficit at 9.3% of GDP in 2020-21: Govt data
Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) on Monday said that the revenue deficit at the end of the fiscal was 7.42 per cent
 "India's fiscal deficit at 9.3% of GDP in 2020-21: Govt data")
Best of BS Opinion: Accounting gains, games promoters play & more
Here are the best of Business Standard's opinion pieces for Friday
 "Best of BS Opinion: Accounting gains, games promoters play & more")
Accounting gains
RBI's higher surplus transfer has limits
 "Accounting gains")
Govt's fiscal deficit likely to be around 9% in FY21, say experts
Data to be released by month-end; FY22 gap may widen to 7.15% against BE of 6.8%, say experts
India to breach fiscal deficit target in FY22: Fitch Solutions
India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday.
 "India to breach fiscal deficit target in FY22: Fitch Solutions")
Lockdowns worsen India's fiscal woes fueled by weak auctions
Localized lockdowns may result in a slowdown which may be met by fiscal expansion
 "Lockdowns worsen India's fiscal woes fueled by weak auctions")
The mounting cost of Covid-19
The rapid increase in the number of new Covid-19 cases and restrictions on activity are affecting economic recovery
Fresh risk to economy
Govt should avoid the mistakes of 2020
 "Fresh risk to economy")
Covid forces Maha into debt trap; fiscal deficit highest since FY06: Report
The most-industrialised state''s fiscal deficit jumped to 3.3 per cent of gross state domestic product (GSDP) in 2020-21 as against the Budget Estimate of 1.7 per cent
 "Covid forces Maha into debt trap; fiscal deficit highest since FY06: Report")
Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March
Tax collections exceed Revised Estimates; Centre's fiscal deficit expected lower than 9.5% of GDP in FY21
 "Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March")
India's fiscal deficit for April-Feb hits 76% of revised estimates
The government expects to earn revenues of Rs 1.85 trillion in March 2021, 40 per cent lower than what it earned in the year-ago period
 "India's fiscal deficit for April-Feb hits 76% of revised estimates")
India's April-Feb fiscal deficit at 76% of revised FY target: Govt data
Govt's total receipts during April-February stood at Rs 14,13,096 cr or 88.2% of the revised estimates presented in the Budget on Feb 1
 "India's April-Feb fiscal deficit at 76% of revised FY target: Govt data")
Bonds on watch
Inclusion in global indices would demand higher fiscal standards
 "Bonds on watch")
Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more")
In spite of the pandemic
The Budget for 2021 makes a fresh beginning in dealing with numbers and estimates
Fiscal consolidation: States lack the flexibility that the Centre enjoys
While the Centre has an escape clause to deviate from the fiscal consolidation road map by 0.5 percentage point of GDP in times of exigency, states were not given any such escape clause
Assam's economic development picks up pace. Can state finances keep up?
The share of agriculture in Assam's GSDP has declined between FY15 and FY19, but due to its weak finances, the state govt has not been able to fully provide for the needs of the emerging sectors
 "Assam's economic development picks up pace. Can state finances keep up?")
Statsguru: From Bihar to West Bengal, a peep into state Budgets
To keep their expenditure at the desired levels at a time of significant revenue losses, all states have expanded their fiscal deficits - similar to what the Centre did last month
 "Statsguru: From Bihar to West Bengal, a peep into state Budgets")
Best of BS Opinion: Job quotas, banking on slower recovery, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Job quotas, banking on slower recovery, and more")
Banking on slower recovery
The Centre's current deficit glide path reveals a conservative stance on growth
