Page 21 - Latest Updates on Fiscal Deficit
Bonds on watch
Inclusion in global indices would demand higher fiscal standards
 "Bonds on watch")
Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more")
In spite of the pandemic
The Budget for 2021 makes a fresh beginning in dealing with numbers and estimates
Fiscal consolidation: States lack the flexibility that the Centre enjoys
While the Centre has an escape clause to deviate from the fiscal consolidation road map by 0.5 percentage point of GDP in times of exigency, states were not given any such escape clause
 "Fiscal consolidation: States lack the flexibility that the Centre enjoys")
Assam's economic development picks up pace. Can state finances keep up?
The share of agriculture in Assam's GSDP has declined between FY15 and FY19, but due to its weak finances, the state govt has not been able to fully provide for the needs of the emerging sectors
 "Assam's economic development picks up pace. Can state finances keep up?")
Statsguru: From Bihar to West Bengal, a peep into state Budgets
To keep their expenditure at the desired levels at a time of significant revenue losses, all states have expanded their fiscal deficits - similar to what the Centre did last month
 "Statsguru: From Bihar to West Bengal, a peep into state Budgets")
Best of BS Opinion: Job quotas, banking on slower recovery, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Job quotas, banking on slower recovery, and more")
Banking on slower recovery
The Centre's current deficit glide path reveals a conservative stance on growth
Fiscal deficit hits Rs 12.34 trillion at end of January, shows data
The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)
 "Fiscal deficit hits Rs 12.34 trillion at end of January, shows data")
India's April-Jan fiscal deficit hits 66.8% of full-year target
The federal fiscal deficit in the 10 months to end-January stood at 12.34 trillion rupees ($167 billion)
 "India's April-Jan fiscal deficit hits 66.8% of full-year target")
Tamil Nadu budget: Fiscal deficit may widen by 5% of GSDP to Rs 96,890 cr
State tax revenue seen declining by 18%, says Deputy CM and Finance Minister Panneerselvam, while presenting interim budget
Reining in fiscal deficit key to India keeping investment grade rating: S&P
S&P currently has India at 'BBB-'
Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more")
Fiscal doves in India: right and wrong
The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced
Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn
A month into the vaccination drive, which has covered more than 8.5 million so far, the health ministry has indicated that Covid-19 vaccines are not likely to be there in the open market anytime soon
 "Top headlines: All Jaguars to go electric, IT sector revenue to hit $194 bn")
States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra
The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP
 "States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra")
States' fiscal deficit to narrow to 4.3% of GDP in fiscal 2022: Report
The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the GDP in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research
Best of BS Opinion: Increasing fiscal constraints, Budget 2021, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Increasing fiscal constraints, Budget 2021, and more")
Increasing fiscal constraints
Govt must focus on mobilising more revenues
 "Increasing fiscal constraints")
Finance commission recommendations aren't a one-day match: N K Singh
In a Q&A, the chairman of the 15th Finance Commission is emphatic that cooperative federalism remains robust and dwells on the possibilty of dividing agro infra cess between Centre and states
 "Finance commission recommendations aren't a one-day match: N K Singh")
