Fiscal Deficit
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

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

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


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