Page 4 - Latest Updates on Fiscal Policy
13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report
Spending space available without pressure to their fiscal profile, says agency
 "13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report")
56 mn Indians may have turned poor in 2020 due to pandemic: World Bank
"The global goal of ending extreme poverty by 2030 is likely to be missed: by then, about 600 million people will remain in abject poverty. A major course correction is needed," Indermit Gill said.
 "56 mn Indians may have turned poor in 2020 due to pandemic: World Bank")
Mid-course changes in gas pricing to delay investments, says Reliance
Reliance Industries has told a government-appointed panel reviewing gas pricing that any 'retrograde' move to artificially cap rates will add to fiscal policy instability
 "Mid-course changes in gas pricing to delay investments, says Reliance")
Depreciating rupee not likely to cause fiscal slippage, say experts
Petroleum, fertiliser imports to become expensive, subsidy bill set to rise
 "Depreciating rupee not likely to cause fiscal slippage, say experts")
Managing inflation can't just be left to RBI: FM Nirmala Sitharaman
'Monetary and fiscal policies have to work in tandem; importing Russian oil part of inflation management'
 "Managing inflation can't just be left to RBI: FM Nirmala Sitharaman")
RBI should be more synchronised with fiscal policy to tackle inflation: FM
Finance Minister Nirmala Sitharaman on Thursday said the Reserve Bank will have to be more synchronised with the fiscal policy and other factors in taming inflation
The RBI MPC serves no purpose other than cosmetic and should be dismantled
There are two insurmountable hurdles in the path of RBI's independence on monetary policy. These hurdles make committees redundant
Policy tightening to pressure FY23 numbers, deficit seen at 6.7%: Report
The government has pegged the combined fiscal shortfall at 9.8 per cent of which the central deficit is seen at 6.4 per cent (down from 6.7 per cent in FY22) and states' at 3.4 per cent for FY23.
 "Policy tightening to pressure FY23 numbers, deficit seen at 6.7%: Report")
The rebalancing act
Excess policy accommodation will affect growth
 "The rebalancing act")
Fiscal deficit will come down once revenues start to grow: Tarun Bajaj
Union Revenue Secretary Tarun Bajaj on Friday said that the country's fiscal deficit will come down once revenues start to grow.
 "Fiscal deficit will come down once revenues start to grow: Tarun Bajaj")
LIVE: This Budget brings more infra, more growth and more jobs, says PM
Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights
 "LIVE: This Budget brings more infra, more growth and more jobs, says PM")
Economic Survey 2021-22: India's agile fiscal policy response
The changing emphasis on capital expenditure throughout this period reflects a quick responsive fiscal policy
 "Economic Survey 2021-22: India's agile fiscal policy response")
Budget should maximise capex, set stage for MPC to control inflation
Budget 2022: ICRA expects a satus quo on the stance of the monetary policy as well as the reverse repo rate in the upcoming meeting of the Monetary Policy Committee.
 "Budget should maximise capex, set stage for MPC to control inflation")
The fiscal-monetary tango
The pandemic years called for policy reinforcement; the post-pandemic aftermath will call for policy prioritisation
 "The fiscal-monetary tango")
Economists urge gradual consolidation, see fiscal deficit near 6% in FY23
They believe focus on reviving informal sector activity, particularly construction, is key to reviving GDP and jobs
 "Economists urge gradual consolidation, see fiscal deficit near 6% in FY23")
China Q3 GDP growth hits 1-year low, raising heat on policymakers
China's economy grew at the slowest pace in a year in the third quarter
 "China Q3 GDP growth hits 1-year low, raising heat on policymakers")
Tax mix and rates in a low interest environment will change
Low inflation means at its best zero inflation, which is good. But low interest rates don't mean a zero rate because that would be bad
Central banks need self-awareness
'The Reserve Bank of India has a lot of experience in trying (and failing) to guide fiscal policy', says the author
 "Central banks need self-awareness")
Time for out-of-the-box ideas, not fiscal correction, says Kerala FM
The statement from the minister assumes significance as Kerala, the only communist-ruled state in the country now, is known for its sweeping public welfare measures
 "Time for out-of-the-box ideas, not fiscal correction, says Kerala FM")
India takes fiscal steps for better environmental results: FM at G20 meet
The third meeting of G20 Finance Ministers and Central Bank Governors is scheduled on July 9 and 10
 "India takes fiscal steps for better environmental results: FM at G20 meet")
