Page 7 - Latest Updates on Fiscal Deficit
Fiscal deficit hits Rs 12.34 trillion at end of January, shows data
The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)
 "Fiscal deficit hits Rs 12.34 trillion at end of January, shows data")
India's April-Jan fiscal deficit hits 66.8% of full-year target
The federal fiscal deficit in the 10 months to end-January stood at 12.34 trillion rupees ($167 billion)
 "India's April-Jan fiscal deficit hits 66.8% of full-year target")
Tamil Nadu budget: Fiscal deficit may widen by 5% of GSDP to Rs 96,890 cr
State tax revenue seen declining by 18%, says Deputy CM and Finance Minister Panneerselvam, while presenting interim budget
 "Tamil Nadu budget: Fiscal deficit may widen by 5% of GSDP to Rs 96,890 cr")
Reining in fiscal deficit key to India keeping investment grade rating: S&P
S&P currently has India at 'BBB-'
Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more")
Fiscal doves in India: right and wrong
The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced
Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn
A month into the vaccination drive, which has covered more than 8.5 million so far, the health ministry has indicated that Covid-19 vaccines are not likely to be there in the open market anytime soon
 "Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn")
States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra
The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP
 "States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra")
States' fiscal deficit to narrow to 4.3% of GDP in fiscal 2022: Report
The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the GDP in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research
Best of BS Opinion: Increasing fiscal constraints, Budget 2021, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Increasing fiscal constraints, Budget 2021, and more")
Increasing fiscal constraints
Govt must focus on mobilising more revenues
 "Increasing fiscal constraints")
Finance commission recommendations aren't a one-day match: N K Singh
In a Q&A, the chairman of the 15th Finance Commission is emphatic that cooperative federalism remains robust and dwells on the possibilty of dividing agro infra cess between Centre and states
 "Finance commission recommendations aren't a one-day match: N K Singh")
Best of BS Opinion: A steep fiscal correction, a strategy for GST, and more
Here's a selection of Business Standard opinion pieces for the day
A steep fiscal correction
With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction
 "A steep fiscal correction")
Govt taking steps to carefully monitor fiscal deficit: FM Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 per cent of the GDP for the current financial year.
 "Govt taking steps to carefully monitor fiscal deficit: FM Sitharaman")
FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled
Sitharaman asserts while govt can give stimulus, long-term infra financing is job of DFIs. Private players in this space will make funding competitive
 "FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled")
Confident of reducing fiscal deficit to 4.5% of GDP by FY26: Exp secy
The government is confident of lowering the fiscal deficit to 4.5% of GDP by 2025-26 fiscal, considering a nominal GDP growth of 10 per cent every year, Expenditure Secretary T V Somanathan said
 "Confident of reducing fiscal deficit to 4.5% of GDP by FY26: Exp secy")
Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy
India's sovereign rating should not come under pressure due to surge in fiscal deficit which was mainly on account of higher expenditure to deal with the C-19 pandemic, said Economic Affairs Secretary
 "Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy")
Handle debt with care
Overall fiscal position can increase risks
Slower consolidation to constrain fiscal strength over medium term: Moody's
Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected
 "Slower consolidation to constrain fiscal strength over medium term: Moody's")
