Page 3 - Latest Updates on Fiscal Policy
Best of BS Opinion: India's economic self-harm, LAC disengagement and more
Here are the best of BS Opinions of the day
 "Best of BS Opinion: India's economic self-harm, LAC disengagement and more")
Fiscal impact of stimulus to be around 0.6% of GDP in FY21: Experts
The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation
 "Fiscal impact of stimulus to be around 0.6% of GDP in FY21: Experts")
Amid US election uncertainty, the Fed is likely to lay low this week
The Federal Reserve is scheduled to release its latest policy statement after two days of debate in which policymakers lacked a critical piece of information: who will run the US for next four years
 "Amid US election uncertainty, the Fed is likely to lay low this week")
Deep Dive with AKB: Facts you should know if you plan to avail LTC facility
Nirmala Sitharaman recently announced a two-pronged stimulus package to step up capital expenditure and stimulate consumer demand
 "Deep Dive with AKB: Facts you should know if you plan to avail LTC facility")
Fiscal transparency
Concerns raised by the CAG must be addressed
 "Fiscal transparency")
NCAER sees GDP shrinking by 12.6% in FY21, falling in three remaining qtrs
All the remaining three quarters of 2020-21 were projected to witness a fall in the gross domestic product (GDP), NCAER said
 "NCAER sees GDP shrinking by 12.6% in FY21, falling in three remaining qtrs")
CSEP appoints Vikram Singh as Chairman, Rakesh Mohan as President
Centre for Social and Economic Progress, a policy think tank, on Thursday said it has appointed Vikram Singh Mehta as Chairman and former RBI deputy governor Rakesh Mohan as the Centre's President.
 "CSEP appoints Vikram Singh as Chairman, Rakesh Mohan as President")
Severe shock to consumption, economy will take longer to recover: RBI
"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank
 "Severe shock to consumption, economy will take longer to recover: RBI")
India has more scope for policy support despite limited fiscal space: IMF
Says the country's measures are tilted towards 'below-the-line' support such as food subsidy and other measures, rather than direct fiscal spending
 "India has more scope for policy support despite limited fiscal space: IMF")
The joker in the pack
Government's fiscal headroom is crucially linked to a realistic assessment of its net revenue collection
 "The joker in the pack")
Top headlines: Next fiscal policy, peak gold prices, CARE ratings and more
Here are the top headlines of the day
 "Top headlines: Next fiscal policy, peak gold prices, CARE ratings and more")
Managing public debt
India needs structural changes in economic management
 "Managing public debt")
Early signals for the fisc
The April-May figures show a sharp rise in external financing and spending on farm as well as rural India
Why Moody's downgrade is not a bolt from the blue but still not justified
While this downgrade will not affect the sovereign as it does not borrow overseas, it will however affect Indian companies borrowing from abroad
 "Why Moody's downgrade is not a bolt from the blue but still not justified")
Leave the PSUs alone for now
Government sell-off is a stimulus for itself and might not work at this juncture
FM gives reforms pill for ailing economy with privatisation, policy tweaks
In the latest announcement, the government's focus was on structural reform in sectors such as coal, minerals, aviation, defence, aerospace, power, and social infrastructure
 "FM gives reforms pill for ailing economy with privatisation, policy tweaks")
'Very limited' fiscal space may leave govt with Rs 20,000 cr for stimulus
Households contributes maximum to the gross value addition (44.3% during FY12-FY19), savings (61.1%) and fixed capital (39.2%) in the economy
 "'Very limited' fiscal space may leave govt with Rs 20,000 cr for stimulus")
India to cap stimulus package at $60 bn to protect credit rating: Report
Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further
 "India to cap stimulus package at $60 bn to protect credit rating: Report")
Will more foreign financing be needed?
It is important to remove the frictions, to connect the infinite capital of the global financial system with end-users in India
 "Will more foreign financing be needed?")
Covid-19 relief: Here are the steps taken by the RBI to fight slowdown
Among other important announcements, he announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now
 "Covid-19 relief: Here are the steps taken by the RBI to fight slowdown")
