Page 33 - Latest Updates on Fiscal Deficit
Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research
The revised deficit target is propped on the belief that the divestment will fetch Rs 65,000 crore through the next two months
 "Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research")
Nirmala Sitharaman's Budget again reveals structural fiscal constraint
It recognises it cannot afford space for expansionary fiscal policy
 "Nirmala Sitharaman's Budget again reveals structural fiscal constraint")
Budget 2020 subsidy burden looks benign due to off-budget borrowing
Fertiliser subsidy down, food subsidy up
 "Budget 2020 subsidy burden looks benign due to off-budget borrowing")
Nirmala Sitharaman's Budget 2020: Balancing act or leap of faith?
FM fights shrinking fiscal space by increasing non-tax revenue, freezing growth in subsidies
 "Nirmala Sitharaman's Budget 2020: Balancing act or leap of faith?")
Budget 2020: A K Bhattacharya on major takeaways for the Indian economy
What did the finance minister have in the Budget for the Indian economy? Listen to the podcast to know
 "Budget 2020: A K Bhattacharya on major takeaways for the Indian economy")
Budget 2020 in 2 minutes: Fiscal deficit target, income tax rates, and more
The personal income tax has been simplified and reduced. Individuals will have to pay tax at the reduced rate of 10% for incomes of Rs 5-7.5 lakh, against the current rate of 20%
 "Budget 2020 in 2 minutes: Fiscal deficit target, income tax rates, and more")
Full text of Finance Minister Nirmala Sitharaman's Budget speech in LS
Here is the full text of the Budget speech of FM Sitharaman in Lok Sabha
 "Full text of Finance Minister Nirmala Sitharaman's Budget speech in LS")
Fiscal deficit way past 3.5% goal if off-budget borrowings are factored in
Adding these borrowings, amounting to Rs 1.86 trn, to the Rs 7.96 trn projected fiscal deficit would take the actual deficit to 4.37% of GDP, and not the official 3.5% estimate
 "Fiscal deficit way past 3.5% goal if off-budget borrowings are factored in")
India's growth, fiscal deficit projections challenging to meet: Moody's
Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%
 "India's growth, fiscal deficit projections challenging to meet: Moody's")
Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?
The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21
Income Tax slabs to fiscal deficit, all the key points from Budget 2020
Govt estimates economic growth this fiscal year, which ends on March 31, will slip to 5% - its weakest pace since the global financial crisis of 2008-09
 "Income Tax slabs to fiscal deficit, all the key points from Budget 2020")
Govt revises FY20 fiscal deficit target to 3.8% from earlier target of 3.3%
Sitharaman, who was presenting the annual budget in parliament, also pegged the fiscal deficit target for the year 2020/21 at 3.5% of the GDP
 "Govt revises FY20 fiscal deficit target to 3.8% from earlier target of 3.3%")
Budget session LIVE updates: Congress protests against Anurag Thakur in LS
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
 "Budget session LIVE updates: Congress protests against Anurag Thakur in LS")
Apr-Dec fiscal deficit hits 132.4% of budgetary target, at Rs 9.31 trillion
The Central government's total expenditure stood at Rs 21.09 trillion (75.7 per cent of BE) while total receipts were Rs 11.77 trillion (56.6 per cent of BE)
 "Apr-Dec fiscal deficit hits 132.4% of budgetary target, at Rs 9.31 trillion")
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
 "Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%")
Govt should lean on growth instead of focusing on fiscal deficit: CEA
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added
 "Govt should lean on growth instead of focusing on fiscal deficit: CEA")
Pace of road construction less than half that of 2018-19: Economic Survey
Per-day construction drops from 29.7 km in FY19 to 12.7 km in first six months of current fiscal
 "Pace of road construction less than half that of 2018-19: Economic Survey")
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
 "Fiscal deficit hits 132% of estimate till Dec on slow revenue collection")
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
Wealth creation to Thalinomics: All you must know about Economic Survey '20
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
 "Wealth creation to Thalinomics: All you must know about Economic Survey '20")
