Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will suppo...Read More
Former Reserve Bank Governor Bimal Jalan on Sunday opined against a fresh fiscal stimulus to boost pandemic-hit economy saying it is more...Read More
The additional outgo to combat the impact of COVID-19 will significantly erode the fiscal consolidation achieved by the state governments...Read More
At the same time, the rating agency has maintained a negative outlook for the auto sector for the second half of the fiscal, owing to con...Read More
The gap between government's total income and expenditure is expected to balloon to Rs 14.6 lakh crore or 7.6 per cent of GDP in FY21 as ...Read More
Economists described the numbers as in line with their expectations, saying the sequential improvement from the first quarter when the to...Read More
At present, four public sector banks are under the RBI's Prompt Corrective Action (PCA) framework, which puts several restrictions on the...Read More
The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a...Read More
The rise in the fiscal deficit, which is a reflection of the government's borrowing, was mainly on account of subdued tax collection.
"The frugal fiscal crisis intervention will likely impede a rapid economic recovery and accordingly, tax revenues, and we are revising ou...Read More
By FPJ Web Desk
The government's Rs 20.97 lakh crore COVID-19 package lacks in addressing immediate concerns of the economy as the actual fiscal impact o...Read More
From an "actual fiscal impact" perspective, the moves announced on Thursday focussing on migrants, urban poor and farmers will cost only ...Read More
Former chief economist of World Bank Kaushik Basu also suggested that the government may need monetisation by the Reserve Bank of India.
Former RBI Governor Duvvuri Subbarao said the Centre needs to cap its borrowings as the open ended borrowings will have negative consequ...Read More
The Tamil Nadu government on Saturday set up a high-level committee headed by former Reserve Bank of India governor C Rangarajan to exami...Read More
Accordingly, the estimated gross market borrowing in the financial year 2020 -21 will now be Rs 12 lakh crore in place of Rs 7.80 lakh cr...Read More
The latest forecast is a sharp downward revision compared to the traffic of 8-9 crore passengers estimated earlier for the same period.
"Further deterioration in the fiscal outlook as a result of lower growth or fiscal easing could pressure the sovereign rating in light of...Read More
"This is down sharply from our forecast of 5.6 per cent prior to the outbreak. We expect growth to rebound to 6.7 per cent in FY22 but th...Read More
Pandey exuded confidence of meeting the tax collection target of Rs 24.23 lakh crore for 2020-21.