Page 32 - Latest Updates on Fiscal Deficit
Tamil Nadu presents fiscal deficit budget, expects 7.27 % growth
State's debt to increase to over Rs 4.56 trillion
 "Tamil Nadu presents fiscal deficit budget, expects 7.27 % growth")
Confident of economic recovery, S&P keeps India's rating at 'BBB-'
Says fiscal position weak, but sees strong growth prospects over 2-3 years
 "Confident of economic recovery, S&P keeps India's rating at 'BBB-'")
S&P affirms India's rating at 'BBB-', fiscal position remains precarious
The rating agency sees growth recovery over two to three years
 "S&P affirms India's rating at 'BBB-', fiscal position remains precarious")
S&P retains India's rating at 'BBB-', says fiscal position precarious
Fiscal deficits have exceeded the government's plan, S&P said, adding it expect limited consolidation over the next few years
 "S&P retains India's rating at 'BBB-', says fiscal position precarious")
Top 10 biz headlines: New tax dispute resolution scheme; F15EX jets for IAF
From expanding the scope to cover litigation pending in arbitration forums to Boeing offering F-15EX fighters to India, here are the top business headlines of the day
 "Top 10 biz headlines: New tax dispute resolution scheme; F15EX jets for IAF")
Missing fiscal deficit target is in Budget DNA
The government of the day won't be able to resist the temptation to err on the side of expansion and leave it to its successors to pay for its excesses
 "Missing fiscal deficit target is in Budget DNA")
Beyond landslide victory: AAP has a tightrope walk on fiscal balance
Arvind Kejriwal government has to keep in mind that revenue and fiscal balances of the government do not deteriorate much if it expands its freebies
 "Beyond landslide victory: AAP has a tightrope walk on fiscal balance")
Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans
From SoftBank eyeing minority stake in Mahindra Electric Mobility to DRDO chief calling for developing future tech, here are top 10 business headlines of the day
 "Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans")
India's fiscal gap one of the highest among major emerging markets
Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019
 "India's fiscal gap one of the highest among major emerging markets")
Centre's fund crunch pulls down cities; rich Mumbai struggles too
State government accounts deserve scrutiny because they collectively spend 36 per cent more than the federal administration
 "Centre's fund crunch pulls down cities; rich Mumbai struggles too")
Modi says govt focus is on 'maximum job creation', attacks Opposition
He accused the Congress party of delaying the development of the country for 70 years
 "Modi says govt focus is on 'maximum job creation', attacks Opposition")
Beyond numbers
Budget speech should have been fact-checked
 "Beyond numbers")
Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman
Sitharaman said her ministry is motivating tax officers to meet the collection targets and not forcing them to do so
 "Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman")
We have reprioritised spending to be more productive: Expenditure Secretary
If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent
 "We have reprioritised spending to be more productive: Expenditure Secretary")
Govt very transparent in setting new fiscal deficit target: FM Sitharaman
She further said that many people have been speculating that the fiscal deficit would cross 4%
 "Govt very transparent in setting new fiscal deficit target: FM Sitharaman")
Analysts expect RBI rate hike, see FY21 fiscal deficit target challenging
Goldman Sachs said the central bank will shift the stance of the monetary policy to "neutral" from "accommodative" at this week's review
 "Analysts expect RBI rate hike, see FY21 fiscal deficit target challenging")
Budget stimulus unlikely to revive India's growth from slowdown: Experts
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost
 "Budget stimulus unlikely to revive India's growth from slowdown: Experts")
Risks of revised estimates
How a potential fiscal deficit of 4.65% of GDP was brought down in the 2019-20 revised estimates
Budget: A few positive prescriptions for a slow cure, says JM Financial MD
It is reassuring to see that the deficit target was kept within expected lines and 10 per cent growth in nominal gross domestic product is projected
 "Budget: A few positive prescriptions for a slow cure, says JM Financial MD")
A prudent Budget that is unlikely to revive faltering economic growth
Fiscal prudence has been given priority over fiscal stimulus which will contain the growth of debt liabilities, but it will not provide the strong public expenditure push required for reviving growth
 "A prudent Budget that is unlikely to revive faltering economic growth")
