Fiscal Deficit
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

Opinion  /  Published 02.02.21

Chinks in the fiscal armour

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...
By Dipankar Dasgupta

Business  /  Published 30.01.21

Fiscal deficit soars 145.5% of estimate

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...
By Our Bureau in New Delhi


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