FISCAL

Fiscal impact of stimulus measures to be around 0.25-0.6% of GDP in FY21, say experts

Fiscal impact of stimulus measures to be around 0.25-0.6% of GDP in FY21, say experts

Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will suppo...Read More

Not fresh fiscal stimulus, more important is to spend committed amount: Former RBI Governor Jalan

Not fresh fiscal stimulus, more important is to spend committed amount: Former RBI Governor Jalan

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

COVID-19 to erode 3 years of fiscal consolidation gains of states: RBI

COVID-19 to erode 3 years of fiscal consolidation gains of states: RBI

The additional outgo to combat the impact of COVID-19 will significantly erode the fiscal consolidation achieved by the state governments...Read More

Automobile sales may fall 20-25 pc this fiscal: Ind-Ra

Automobile sales may fall 20-25 pc this fiscal: Ind-Ra

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

COVID-19 fallout: Fiscal deficit may rise to Rs 14.6 lakh crore in FY21

COVID-19 fallout: Fiscal deficit may rise to Rs 14.6 lakh crore in FY21

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

New worry: Tax collection plunges 22.5% till Sept 15

New worry: Tax collection plunges 22.5% till Sept 15

Economists described the numbers as in line with their expectations, saying the sequential improvement from the first quarter when the to...Read More

Govt unlikely to go for privatisation of PSBs this fiscal

Govt unlikely to go for privatisation of PSBs this fiscal

At present, four public sector banks are under the RBI's Prompt Corrective Action (PCA) framework, which puts several restrictions on the...Read More

Indian economy to grow at 9.5% in next fiscal: Fitch Ratings

Indian economy to grow at 9.5% in next fiscal: Fitch Ratings

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

Fiscal deficit widens to 7-year high of 4.6 pc in FY20 as revenue collection falls

Fiscal deficit widens to 7-year high of 4.6 pc in FY20 as revenue collection falls

The rise in the fiscal deficit, which is a reflection of the government's borrowing, was mainly on account of subdued tax collection.

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

"The frugal fiscal crisis intervention will likely impede a rapid economic recovery and accordingly, tax revenues, and we are revising ou...Read More

Is central govt’s COVID-19 fiscal response only 1.8% of GDP as opposed to claim of 10% of GDP?

Is central govt’s COVID-19 fiscal response only 1.8% of GDP as opposed to claim of 10% of GDP?

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

FM's 2-day stimulus measures to cause 'actual fiscal impact' of mere Rs 66,500 cr: Barclays

FM's 2-day stimulus measures to cause 'actual fiscal impact' of mere Rs 66,500 cr: Barclays

From an "actual fiscal impact" perspective, the moves announced on Thursday focussing on migrants, urban poor and farmers will cost only ...Read More

India needs large fiscal stimulus, says Basu

India needs large fiscal stimulus, says Basu

Former chief economist of World Bank Kaushik Basu also suggested that the government may need monetisation by the Reserve Bank of India.

Centre's financial stimulus 'not sufficient'; fiscal deficit may go up to 14%: Subbarao

Centre's financial stimulus 'not sufficient'; fiscal deficit may go up to 14%: Subbarao

Former RBI Governor Duvvuri Subbarao said the Centre needs to cap its borrowings as the open ended borrowings will have negative consequ...Read More

Former RBI Guv Rangarajan to help Tamil Nadu improve fiscal position

Former RBI Guv Rangarajan to help Tamil Nadu improve fiscal position

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

FY21 gross market borrowing hiked 54% to Rs 12 lakh crore

FY21 gross market borrowing hiked 54% to Rs 12 lakh crore

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

India's domestic air traffic to be lower at 5.5-7 crore passengers this fiscal year: CAPA

India's domestic air traffic to be lower at 5.5-7 crore passengers this fiscal year: CAPA

The latest forecast is a sharp downward revision compared to the traffic of 8-9 crore passengers estimated earlier for the same period.

‘India's rating to come under pressure if fiscal outlook deteriorates’

‘India's rating to come under pressure if fiscal outlook deteriorates’

"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

COVID-19 damages India's growth and fiscal outlook, may impact sovereign rating: Fitch

COVID-19 damages India's growth and fiscal outlook, may impact sovereign rating: Fitch

"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

'12% tax revenue growth achievable in 2020-21 fiscal': Ajay Bhushan Pandey on new tax regime

'12% tax revenue growth achievable in 2020-21 fiscal': Ajay Bhushan Pandey on new tax regime

Pandey exuded confidence of meeting the tax collection target of Rs 24.23 lakh crore for 2020-21.

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