Page 15 - Latest Updates on Fiscal Deficit
Pakistan steeply hikes fuel prices up to 29% to secure IMF funding
The new petrol price has been fixed at Rs 233.89 per litre, HSD at Rs 263.31 per litre and kerosene oil at Rs 211.47 per litre.
 "Pakistan steeply hikes fuel prices up to 29% to secure IMF funding")
Stories during stagflation: How India fares on 'modified' misery index?
Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan
Centre chose expenditure switch to contain widening fiscal deficit
Robust revenue collection and higher nominal GDP, however, led to an improved fiscal deficit at 6.7 per cent in FY22 against the 6.9 per cent estimated
 "Centre chose expenditure switch to contain widening fiscal deficit")
Policy tightening to pressure FY23 numbers, deficit seen at 6.7%: Report
The government has pegged the combined fiscal shortfall at 9.8 per cent of which the central deficit is seen at 6.4 per cent (down from 6.7 per cent in FY22) and states' at 3.4 per cent for FY23.
Govt leans heavily on nominal revenue growth to beat fiscal blues
If the burden does hit Rs 2.5 trillion, that would mean extra spending of around Rs 35,000 crore
 "Govt leans heavily on nominal revenue growth to beat fiscal blues")
Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%
April saw revenue surplus of Rs 591 crore
 "Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%")
Top headlines: India's Q4 GDP grows 4.1%; IMD raises 2022 monsoon forecast
Business Standard brings you the top headlines on Tuesday
 "Top headlines: India's Q4 GDP grows 4.1%; IMD raises 2022 monsoon forecast")
India's fiscal deficit improves to 6.7% in FY22 on higher tax mop up
Fiscal deficit at 6.71% of GDP in FY22 as against revised budget estimate of 6.9%, shows govt data
 "India's fiscal deficit improves to 6.7% in FY22 on higher tax mop up")
Duty cut on petrol, diesel to put pressure on fiscal deficit: Experts
The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government
 "Duty cut on petrol, diesel to put pressure on fiscal deficit: Experts")
Top Headlines: Fuel rate cut to ease inflation, report on EV fire, and more
The recent EV scooter fires were caused by defects in their batteries, including in the designs of the battery packs and modules, a DRDO report said. Read more in our top headlines.
 "Top Headlines: Fuel rate cut to ease inflation, report on EV fire, and more")
Tax revenue boost or expenditure cuts can help meet fiscal deficit target
The impact of Saturday's excise duty cuts will be Rs 1 trillion for a year, Finance Minister Nirmala Sitharaman had said
 "Tax revenue boost or expenditure cuts can help meet fiscal deficit target")
IMF projects India's general fiscal deficit at 9.9% of GDP for FY23
Rising energy and food prices will put renewed pressure on fiscal deficits, IMF First Deputy Managing Director Gita Gopinath said in a tweet.
 "IMF projects India's general fiscal deficit at 9.9% of GDP for FY23")
Top headlines: PPF, NSC interest rates unchanged; SpiceJet settles dispute
Business Standard brings you the top headlines on Thursday
 "Top headlines: PPF, NSC interest rates unchanged; SpiceJet settles dispute")
India's fiscal deficit touched 82.7% of full-year target at end of Feb
In actual terms, the deficit stood at Rs 13.16 trillion at the end of February this year, as per the data released by the Controller General of Accounts
 "India's fiscal deficit touched 82.7% of full-year target at end of Feb")
India's FY23 fiscal deficit likely to hit 6.7% on free grains move
Finance Minister Nirmala Sitharaman has pegged the Centre's capex for FY23 at Rs 7.5 trillion
 "India's FY23 fiscal deficit likely to hit 6.7% on free grains move")
Safe for now, macro economy may take a hit if Russian-Ukraine war stretches
A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit
 "Safe for now, macro economy may take a hit if Russian-Ukraine war stretches")
Govt's huge welfare scheme expenses hitting public finances: Yashwant Sinha
Ex finance minister Yashwant Sinha said huge expenditure on welfare schemes by Modi govt has impacted public finances which are currently in a mess with fiscal deficit touching abnormally high level
 "Govt's huge welfare scheme expenses hitting public finances: Yashwant Sinha")
Centre's April-January fiscal deficit touches 58.9% of full-year target
Revenue expenditure was Rs 23.68 trillion, or 74.7% of RE compared with 71.6%
 "Centre's April-January fiscal deficit touches 58.9% of full-year target")
Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief
Business Standard brings you the top headlines on Monday
 "Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief")
India's April-January fiscal deficit touches 58.9% of FY22 target: Govt
In actual terms, the deficit was Rs 9.37 trillion at end-January 2022 against upwardly revised annual estimate of Rs 15.91 trn
 "India's April-January fiscal deficit touches 58.9% of FY22 target: Govt")
