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 ...

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...

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...

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...

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...

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...