...

The Reserve Bank of India (RBI) on Tuesday warned the additional outgo of states to combat the impact of Covid-19 will significantly erode their hard won fiscal prudence achieved over the past three y...

The Centre on Tuesday permitted 20 states to raise additional Rs 68,825 crore through open market borrowings to bridge the revenue shortfall caused by the Covid-19 pandemic. The decision comes a day ...

The fiscal deficit has touched 109.3 per cent of the annual target estimated in the budget during April-August. In absolute terms, the fiscal deficit was at Rs 8,70,347 crore. It stood at 78.7 per ce...

Parliament on Tuesday passed amendments to the Banking Regulation Act to bring co-operative banks under the supervision of the RBI, a move aimed at protecting the interest of depositors. The bill repl...

The economic advisory panel of the 15th Finance Commission on Friday suggested providing a range rather than a number as fiscal deficit targets for both the Centre and states in a report, the commissi...

The country’s fiscal deficit overshot the budgeted target for the current financial year within four months (April-July), mainly on account of the impact of lockdown on revenue collections. Acc...

India’s fiscal deficit is expected to touch 7 per cent of GDP in the 2020-21 fiscal against the budget estimate of 3.5 per cent, with revenue collections being hit amid disruptions in economic a...

Viral Acharya, the former deputy governor of the Reserve Bank of India (RBI), has warned against the central bank monetising the government’s budget deficit, citing risks to inflation and extern...

Fiscal deficit during the first two months of the current financial year widened to Rs 4.66 lakh crore, or 58.6 per cent of the budget estimates, mainly on account of poor tax collection during the lo...