The Narendra Modi government has announced a plan of “asset monetisation” worth 6 lakh crore rupees. This is in addition to its proposed privatization of public sector assets. Asset moneti...

The government on Tuesday informed Parliament that it expects the total debt as percentage of GDP to increase to 61.7 per cent (provisional) in 2021-22 from 60.5 per cent (provisional) in the previous...

The central government's fiscal deficit stood at Rs 2.74 lakh crore or 18.2 per cent of the full year's Budget estimate at the end of June, according to data released by the Controller General...

The fiscal deficit for 2020-21 stood at 9.3 per cent of GDP, 0.2 per cent lower than the finance ministry’s revised estimate of 9.5 per cent of GDP. In absolute terms, fiscal deficit stood at R...

The Centre on Wednesday said it would borrow Rs 7.24 lakh crore (trillion) in the first half of 2021-22 which is 60 per cent of the total gross borrowing of Rs 12.05 lakh crore for the fiscal, in line...

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...

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...

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...

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...

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 ...