Page 30 - Latest Updates on Fiscal Deficit
India's fiscal deficit crosses full-year budgeted target in four months
Net tax receipts were Rs 2.03 trillion, while total expenditure was Rs 10.5 trillion
Fiscal deficit to touch 7% in FY21 as Covid hits revenue: Brickwork Ratings
Revenue from income taxes (personal income tax and corporate income taxes) was lower by 30.5 per cent, and the GST by almost 34 per cent during the period
Rise in fiscal deficit likely to impact construction sector this yr: Report
The agency had recently noted that the fiscal deficit of central and state governments will come at 12.1 per cent with the states contributing 4.5 per cent of it
RBI's payout unlikely to plug the huge govt revenue hole created by Covid
Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital
Rollback time: What didn't work for govts earlier will not work even now
Long discarded policies like deficit monetisation, loan restructuring, higher tariffs and import licensing had not yielded great results even the first time around, points out T N Ninan
It is not too late, but it soon will be
The fragility of central government finances is partly legacy, part refusal to acknowledge and address the problem due to the lack of strategic vision and poor institutional capability
Handling the dollar deluge
Diverging fiscal responses to the crisis can create serious macroeconomic challenges for countries globally
Share of external financing of fiscal deficit soars to 4.5% in Q1: Report
The government has run 83 per cent of its borrowing target as of June, according to official numbers released on July 31, due to the impact of the pandemic that crippled the economy
Has the fiscal deficit reached 83% of FY21 target in Q1 itself? Not really
The figures we should consider to calculate fiscal deficit should be the enhanced borrowing level announced in May, rather than the one announced in February
Fiscal deficit at 83.2% of budget estimates in Q1 on poor tax collection
Fiscal deficit during the corresponding period of last year was 61.4 per cent of the budget estimates
Bridging the gap
Govt should monetise assets to sustain expenditure
States' mkt borrowings jump 76% to Rs 1.93 trn so far this fiscal: Report
In addition, the Centre has also relaxed the fiscal deficit target from 3 to 5 per cent.
Fiscal deficit to shoot up to 7.6% in FY21; twice budget estimate: Ind-Ra
Ind-Ra said India's gross domestic product (GDP) will contract by 5.3 per cent, while states like Assam, Goa, Gujarat and Sikkim are expected to witness a double-digit contraction
Global public debt, fiscal deficits to reach all-time high in FY21: IMF
The steep contraction in output and ensuing fall in revenues along with a sizeable discretionary support have led to a surge in the government debt and deficits
MARKET WRAP: Sensex gains 499 pts as financials rally, Nifty ends at 10,430
All that happened in the markets today
April-May fiscal deficit at 58.6% of fiscal year target as revenue slumps
Total revenue was Rs 45,498 crore, or 2 per cent of the budgeted estimate of Rs 22.46 trillion, compared to 7.1 per cent for the same period last year.
More fiscal disturbance to be expected as the lockdowns are extended
Govt accounts for first two months of the year show tax revenue at Rs 1.26 trillion compared with Rs 2.14 trillion last year. There has been a sharp decline in GST collections of Rs 57,000 cr
Top headlines: Fiscal deficit at 58.6% of annual target in 2 months & more
Business Standard brings you the top headlines of the day
India's fiscal deficit at Rs 4.66 trn, 58.6% of annual target in 2 months
Net tax receipts during April-May period were Rs 33,850 cr, while total expenditure was Rs 5.12 trillion
Top headlines: RBI's one-time recast plan, monetising fiscal deficit
From the possibility of RBI's one-time recast plan to be limited, RBI likely to monetise fiscal deficit in second-half of FY21, a glance at GST's completion of 3 years tomorrow, here are the top news
