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Fiscal Deficit
Opinion  /  Published 23.09.19

Tax cut could undermine promise to cap fiscal deficit

A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effec...
By The Editorial Board in

Business  /  Published 30.08.19

Deficit nears target

The government’s fiscal deficit has reached 77.8 per cent of the budgeted target in just four months of the current fiscal till July. In absolute terms, the fiscal deficit, or the gap between expend...
By Our Special Correspondent in New Delhi

Business  /  Published 29.03.19

Budget sop jacks up borrowing

Gross government borrowing in the first half of 2019-20 is expected to shoot up 57 per cent compared with a year ago as the Narendra Modi-government copes with higher debt pressure even as it seeks fu...
By Our Special Correspondent in New Delhi

Opinion  /  Published 01.02.20

Insipid document

The Union budget presented for the financial year, 2020-21, was curious in at least two ways. The first one was that in a speech that extended to almost three hours, there was no mention of the econom...
By The Editorial Board in

Business  /  Published 01.03.19

 GST kitty falls in Feb

The Goods and Services Tax collection fell below the Rs 1-lakh-crore-mark to Rs 97,247 crore in February, which has raised concerns about the government meeting its revised fiscal deficit target of 3....
By Our Special Correspondent in New Delhi

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Opinion  /  Published 05.07.19

Sitharaman packs a punch in maiden budget

Finance minister Nirmala Sitharaman made an impressive debut in her new portfolio, unveiling a Budget which clearly seeks to address a number of pain points in the economy, while setting out a broad r...
By Sourav Majumdar in

Opinion  /  Published 02.02.19

Budget 2019: sugar-coated bait for voters

This year’s budget speech is, arguably, the most explicitly political one that India has ever witnessed. In spite of being termed as an interim budget, substantial expenditure and tax proposals have...
By The Editorial Board in

Business  /  Published 31.12.19

Fiscal gap at 115% of target

Fiscal deficit till November has reached Rs 8.07 lakh crore, which is 114.8 per cent of the target of Rs 7.03 lakh crore for the fiscal, raising concerns on the extent of the slippage.Aditi Nayar, pr...
By Our Special Correspondent in New Delhi

Business  /  Published 27.12.19

RBI flashes deficit warning

The Reserve Bank has flagged falling government revenue as a threat to the overall fiscal numbers — with tax and non-tax revenues lagging way behind targets — saying this along with weaker private...
By Our Special Correspondent in Mumbai

Business  /  Published 28.02.20

Deficit may miss target

The fiscal deficit touched 128.5 per cent of the whole-year budget target at January-end, the Controller General of Accounts (CGA) said on Friday. The deficit during the same period in 2018-19 was 121...
By Our Special Correspondent in New Delhi


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