Page 3 - Budget Estimates
Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22
Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot BE
Direct tax mop-up crosses half of Budget Estimates at halfway point
Collection 28% higher over the same period in 2019-20, brightening economic recovery prospects
Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target
Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion
Do not politicise GST Council: Finance Minister Nirmala Sitharaman
The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman
Divergence in revenue estimates due to early Budget or lack of discipline?
Provisional actuals of the Budget for 2020-21 have once again varied sharply from the revised estimates. The variation provides fiscal cushion, but also raises several questions
Direct tax mop-up betters estimate for the first time in four years
With the payments of the last instalment on Monday, advance tax collection for FY21 was around 7 per cent higher than last year's
Road to recovery
Hopeful signs in data, but medium-term outlook uncertain
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)
Capital outlay should support a higher pace of GDP expansion in FY22
The fiscal deficit of the government of India has increased sharply to 9.5 per cent of GDP in the Revised Estimates for FY21, relative to the budgeted target of 3.5 per cent
Fiscal activism
Govt should tread carefully on this path
Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%
This is despite a reasonable pick-up in tax revenues during the month as economic activity gradually reverts to normalcy amid the pandemic
Best of BS Opinion: No escape from extra borrowing, Covid-19, and more
Here's a selection of Business Standard opinion pieces for the day
No escape from extra borrowing
Despite growth likely in the second half of the year, revenue gap will be large leading to higher borrowing and expenditure management
Statsguru: Rough terrain for states amid slowing economy hit by Covid-19
In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount
In April-August, India's fiscal deficit at 109% of full-year target
Fiscal deficit or the gap between the expenditure and revenue had breached the annual target in July.
FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget
FY20 is being considered for a 'more realistic comparison'
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
Worrying macro dynamics
Growth in govt spending is leading to fiscal stress, crowding out
The problem of tax buoyancy
The Union government's tax buoyancy has never been very high
Back to February 28
Variation between revised and final Budget numbers has grown
