Page 8 - Latest Updates on Fiscal Deficit
Fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report
Global rating agencies may view the fiscally expansive budget proposals negatively, a brokerage said
 "Fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report")
With off-budget borrowings, FY22 fiscal deficit rises to 6.9%: Report
The fiscal deficit target will go up by 10 basis points to 6.9 per cent of the GDP if the extra-budgetary borrowings of Rs 30,000 crore is added, according to a report
 "With off-budget borrowings, FY22 fiscal deficit rises to 6.9%: Report")
India's fiscal targets higher; consolidation slower than expected: Fitch
The wider deficits and more gradual pace of consolidation will lift India's government debt
 "India's fiscal targets higher; consolidation slower than expected: Fitch")
Wider fiscal deficit, consolidation could pressure India's ratings: Fitch
Fitch had placed India's "BBB-" rating on a negative outlook in June 2020 due to the pandemic's impact on growth prospects and the challenges of the high debt burden
 "Wider fiscal deficit, consolidation could pressure India's ratings: Fitch")
Morgan Stanley ups Sensex target to 55,000; bullish on cyclicals, midcaps
We believe the overall approach of the fiscal policy is in line with the message from the Economic Survey, said Morgan Stanley in a post Budget note
 "Morgan Stanley ups Sensex target to 55,000; bullish on cyclicals, midcaps")
Proper monetisation of assets can wipe off Budget deficits
Refreshingly, both in healthcare and infrastructure, the FM has talked about a plan that stretches well beyond a year. Along with education, these form the foundation for an inclusive society
Budget: Govt pegs FY21 fiscal deficit at 9.5%; sets target at 6.8% for FY22
In FY21, the gap between revenue and expenditure reached Rs 18.48 trillion in the revised estimate. For FY22, the gap is expected to be Rs 15 trillion
 "Budget: Govt pegs FY21 fiscal deficit at 9.5%; sets target at 6.8% for FY22")
It's getting better over time: FM cuts Budget speech short this year
There has been less fudging with the revised estimates (RE) of 2020-21.
Capital outlay should support a higher pace of GDP expansion in FY22
The fiscal deficit of the government of India has increased sharply to 9.5 per cent of GDP in the Revised Estimates for FY21, relative to the budgeted target of 3.5 per cent
 "Capital outlay should support a higher pace of GDP expansion in FY22")
Budget is a bold gambit with focus on growth without any increase in taxes
With the economy likely to grow at a nominal growth of between 15-16 per cent, the tax revenue increase of 16.7 per cent appears fairly achievable
 "Budget is a bold gambit with focus on growth without any increase in taxes")
Budget 2021 can be a turning point in India's socialist orientation
The government focuses on developing infrastructure, dares to gamble on deficit.
 "Budget 2021 can be a turning point in India's socialist orientation")
Budget 2021: Govt's bank privatisation plan, bond market reaction, and more
In this podcast, we discussed the key announcements made by the finance minister about bank privatisation, asset reconstruction company and how bond market seeing the budget, why yields are rising
 "Budget 2021: Govt's bank privatisation plan, bond market reaction, and more")
Budget 2021 is fiscally stimulating, but more on expenditure side
Budget has delivered a fairly effective boost on capex while bringing about some reforms in the financial sector
 "Budget 2021 is fiscally stimulating, but more on expenditure side")
Bad bank, no Covid cess: Why Sensex zoomed 2,300 pts post Budget proposals
The optimism despite higher borrowing and a wider fiscal deficit, analysts say, was on account of the positive measures to revive the Covid-19 hit economy
 "Bad bank, no Covid cess: Why Sensex zoomed 2,300 pts post Budget proposals")
Budget 2021: Govt pegs FY21 fiscal deficit at 9.5% of GDP, says FM
Finance Minister Nirmala Sitharaman said on Monday the fiscal deficit for FY21 has been pegged at 9.5 per cent of the GDP and will come down to 6.8 per cent in FY22
 "Budget 2021: Govt pegs FY21 fiscal deficit at 9.5% of GDP, says FM")
Fiscal deficit for FY22 pegged at 6.8% of GDP, announces FM Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the government estimates fiscal deficit of 6.8 per cent of the gross domestic product (GDP) in the next financial year beginning April 1
 "Fiscal deficit for FY22 pegged at 6.8% of GDP, announces FM Sitharaman")
Covid spending to tax revenue: Key numbers to watch out for in Budget 2021
Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be a "economic vaccine" for the pandemic-battered economy.
 "Covid spending to tax revenue: Key numbers to watch out for in Budget 2021")
Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601
All that happened in the markets today
 "Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601")
Hit hard by Covid-19 lockdown, economy on firm path of fragile recovery
Though the first case of Covid was detected at the end of January last year, the impact on the economy began to be felt towards the end of March, when the first nationwide lockdown was announced
 "Hit hard by Covid-19 lockdown, economy on firm path of fragile recovery")
Budget 2021 LIVE: Budget is a shot in the arm for Indian economy, says S&P
Budget 2021 LIVE: Finance minister Nirmala Sitharaman in her Union Budget 2021 speech announced a slew of taxation reforms but left personal income tax slab unchanged. Track Budget 2021 highlights
 "Budget 2021 LIVE: Budget is a shot in the arm for Indian economy, says S&P")
