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Fiscal Deficit
Books  /  Published 19.02.21

A faulty solution

The oversimplicity of Kelton’s MMT, while making it attractive for uninitiated readers, also accounts for its unsound macroeconomic foundations, as did its predecessor, Abba Lerner’s theor...
By Prasenjit Bose in

Business  /  Published 04.02.21

Moody’s alert on deficit

Rating agency Moody’s on Wednesday said India's fiscal deficit projections were higher than expected and slower consolidation would constrain its fiscal strength over the medium term. India...
By PTI in New Delhi

Business  /  Published 03.02.21

Rating duo go soft on deficit spike

Rating agencies have demurred from passing any scathing comments on the greater than expected fiscal deficit announced in the budget just days after the Narendra Modi-government dared them on downgrad...
By Our Bureau in Mumbai, New Delhi

Business  /  Published 02.02.21

Budget moots farm cess, Bengal cries foul

The Narendra Modi government on Monday decided to drop all pretence of fiscal rectitude by seeking to spend its way out of a pandemic-induced economic crisis with a Rs 34.83 lakh crore expenditure pro...
By R. Suryamurthy in New Delhi

Opinion  /  Published 02.02.21

No surprises: Union Budget 2021-22

The Union budget for 2021-22 has delivered no surprises. The government has utilized fiscal policy as the last resort to stimulate economic recovery. As a result, the revised estimate for the current ...
By The Editorial Board in

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Opinion  /  Published 02.02.21

Chinks in the fiscal armour

The Union budget is a many-splendoured thing. So is a state budget, but it is the Union budget that enjoys the lion’s share in the splendour. The one that was presented yesterday has, in fact, b...
By Dipankar Dasgupta in

Business  /  Published 30.01.21

Fiscal deficit soars 145.5% of estimate

The Union government’s fiscal deficit soared to Rs 11.58 lakh crore, or 145.5 per cent of the budget estimate, at the end of December 2020, mainly on account of lower revenue realisation. Reven...
By Our Bureau in New Delhi

Business  /  Published 30.01.21

Rating norms under fire

India on Friday  slammed the rating agencies of bias and buttressed its arguments with issues relating to defaults and debt that indicate the fiscal deficit for the fiscal is likely to be way off...
By Our Special Correspondent in New Delhi

Business  /  Published 27.01.21

Ficci forecasts higher contraction

The country’s economic growth is expected to contract 8 per cent in the current fiscal and fiscal deficit is likely to be at 7.4 per cent of GDP (gross domestic product) for 2020-21, according t...
By Our Special Correspondent in New Delhi

Business  /  Published 19.01.21

Centre advised to be realistic on fiscal gap

Analysts want the government to give a realistic fiscal deficit target for 2021-22 as the coronavirus has dealt a severe blow to its finances this year. The pandemic  has caused the fiscal defic...
By R. Suryamurthy in New Delhi


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