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Fiscal Deficit
Business  /  Published 01.01.22

Leash on fiscal deficit

The central government’s fiscal deficit at the end of November worked out to 46.2 per cent of the annual budget target for 2021-22 because of an improvement in the revenue collection, according ...
By Our Special Correspondent in New Delhi

Business  /  Published 05.11.21

Fuel duty cuts to raise fiscal deficit

The excise duty cuts on diesel and petrol announced by the Narendra Modi-government will cost Rs 45,000 crore in lost revenue and widen the Centre’s fiscal deficit 0.3 percentage point to 6.4 pe...
By Our Special Correspondent in Mumbai

Business  /  Published 30.10.21

Worst core sector growth in 7 months

Output from eight core sectors rose 4.4 per cent in September, the lowest pace of growth in seven months which breaks a three-month streak of accelerating production that peaked with an 11.5 per cent ...
By Our Special Correspondent in New Delhi

Opinion  /  Published 09.09.21

NMP puts more wealth into hands of wealthy

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...
By Prabhat Patnaik

Business  /  Published 03.08.21

India's debt-GDP will rise to 61.7%

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...
By Our Bureau, PTI in New Delhi

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Business  /  Published 30.07.21

Fiscal deficit stands at 18.2% of target

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...
By Our Bureau and Agencies in New Delhi

Business  /  Published 01.06.21

Fiscal deficit at 9.3%

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...
By Our Special Correspondent in New Delhi

Business  /  Published 01.04.21

Govt to borrow Rs 7.2tn in H1

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...
By Our Special Correspondent in Mumbai

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

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


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