Page 2 - Latest Updates on Fiscal Deficit
Best of BS Opinion: Effects of overcapacity, Crucial choices and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Effects of overcapacity, Crucial choices and more")
Fiscal prudence through disclosure: A key Budget move that went unnoticed
Statement 27-A, a voluntary disclosure of state-owned entities' borrowings, introduced in the Budget for 2024-25, enhances fiscal transparency and signals prudent fiscal management
India's fiscal deficit in Apr-Jul at 17.2% of full-year target: CGA data
The deficit stood at 33.9 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24
 "India's fiscal deficit in Apr-Jul at 17.2% of full-year target: CGA data")
BS@50: How money has moved between Centre and states in the past 5 decades
Annual government spending has shot up. Fiscal deficit concerns remain. Between the Centre and states, sometimes one has scored over the other. An overview of government finances since 1975
 "BS@50: How money has moved between Centre and states in the past 5 decades")
UPS: Central staffers may get to keep higher returns from riskier bets
Employees could choose the investment plan of their choice based on their contribution and 10% contribution by the government
 "UPS: Central staffers may get to keep higher returns from riskier bets")
Fiscal deficit to increase by 15 bps to 5.1% in FY25 due to UPS: Macquarie
Under the unified system, employee contributions will remain unaltered at 10% of basic pay plus dearness allowance
 "Fiscal deficit to increase by 15 bps to 5.1% in FY25 due to UPS: Macquarie")
UK borrows more than expected in July, underlining challenge for FM Reeves
The figures did not include recent pay deals struck between the new Labour government, elected last month in a landslide victory, and public sector workers including junior doctors
 "UK borrows more than expected in July, underlining challenge for FM Reeves")
After FY26, fiscal deficit target will be a range: Finance Secy Somanathan
Path towards a reduction in the debt-GDP ratio will be announced later
 "After FY26, fiscal deficit target will be a range: Finance Secy Somanathan")
April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target
Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year
 "April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target")
Government estimates its total debt to increase to Rs 185 trn in FY25
The total debt stood at Rs 171.78 trillion, or 58.2 per cent of the gross domestic product (GDP), at the end of March 2024
 "Government estimates its total debt to increase to Rs 185 trn in FY25")
Meity receives lion's share of PLI scheme and semiconductor outlay
The good news is that the automotive sector, which provides incentives for electric vehicles and components, is finally taking off
 "Meity receives lion's share of PLI scheme and semiconductor outlay")
FY25 Budget confirms govt's commitment to reduce fiscal deficit: Fitch
The government's fiscal deficit target for FY25 is significantly below the 5.4 per cent that the ratings agency anticipated when it affirmed India's 'BBB-' rating, with a stable outlook, in January 20
 "FY25 Budget confirms govt's commitment to reduce fiscal deficit: Fitch")
Fiscal clarity needed
India needs medium-term targets
Union Budget 2024: On prudent path, towards long-term sustainability
For the first time, the government has rolled out a package to raise the long-term employability of the country's youth and incentivise their hiring by corporates
 "Union Budget 2024: On prudent path, towards long-term sustainability")
Govt changes stance on fiscal consolidation, prioritises debt reduction
Finance Secretary said the figure of 3% for fiscal deficit does not take into account the specific dynamics of a fast growing economy like India
 "Govt changes stance on fiscal consolidation, prioritises debt reduction")
Arunachal Pradesh Dy CM presents Rs 993 crore deficit budget for FY25
Mein, who also holds the Finance, Planning and Investment portfolios, said the budget estimate is pegged at Rs 35,840.79 crore, a 20.85-per cent increase over the 2023-24 figure.
 "Arunachal Pradesh Dy CM presents Rs 993 crore deficit budget for FY25")
India needs to monetise assets to support spending, says JPMorgan
The federal budget released Tuesday targeted a smaller fiscal deficit for this year on the back of a record dividend from the Reserve Bank of India
 "India needs to monetise assets to support spending, says JPMorgan")
Budget 2024 is growth oriented, addresses right sectors: Vikas Khemani
Union Budget 2024 analysis: The government has laid out a clear vision for 'Viksit Bharat' by addressing key areas - agricultural reforms, manufacturing push and employment generation among others
 "Budget 2024 is growth oriented, addresses right sectors: Vikas Khemani")
Budget 2024: Lower fiscal deficit estimate for FY25 cheers bond market
Rupee declines to new low over fall in domestic equities
 "Budget 2024: Lower fiscal deficit estimate for FY25 cheers bond market")
From capital gains tax to job creation, understanding Union Budget 2024
Budget 2024: While some of the announcements were on expected lines, many have led to a surprise among investors
 "From capital gains tax to job creation, understanding Union Budget 2024")
