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NEWS
Combined fiscal deficit of Centre, States may go up to 14% in this fiscal: Former RBI Governor Rangarajan
Fri, Oct 09, 2020     Source : Economic Times
The combined fiscal deficit of states and the centre during the current year may go up to 14 per cent against the mandated level of six per cent, former Reserve Bank Governor C Rangarajan said on Thursday.
NEWS
Economy sputters as core sector slips, imports dip, fiscal deficit rises
Thu, Oct 01, 2020     Source : Business Line
Divestment target not to be met; Govt says will not borrow more this fiscal year
NEWS
CARE Ratings projects India’s combined fiscal deficit at 13% of GDP in FY21
Tue, Sep 29, 2020     Source : Economic Times
Domestic rating agency CARE Ratings pegged India’s combined fiscal deficit at 13-13.4% of gross domestic product (GDP) for the current fiscal even as it assumed no further fiscal stimulus.
NEWS
Ballooning fiscal deficit is a grave issue for the govt
Wed, Aug 05, 2020     Source : Mint
The fiscal deficit for April to June touched ?6.62 trillion. It’s already at 83.2% of the budgeted fiscal deficit for the current financial year.
NEWS
Govt may get RBI to monetise fiscal deficit in second half of FY21
Mon, Jun 29, 2020     Source : Business Standard
A final decision on the matter will be taken before the borrowing calendar for October 2020-March 2021 is announced in late-September
NEWS
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Sat, May 30, 2020     Source : Financial Express
Spending kept at 99.5% of RE to support falling economy.
NEWS
States' fiscal deficit to rise to 4.5% of GSDP in FY21: Ind-Ra
Wed, May 27, 2020     Source : Business Standard
The 20 states considered in the analysis constituted nearly 86 per cent of the budgeted aggregate revenue receipts for FY20.
NEWS
Stimulus package likely by end of this week
Thu, Mar 26, 2020     Source : Economic Times
There are also talks to widen the fiscal deficit target by 100 basis points.
NEWS
No reason to doubt govt will meet fiscal deficit targets: RBI Guv backs FM
Wed, Feb 19, 2020     Source : Business Standard
In an interview with PTI, Das said the government has remained within the limits set by the Fiscal Responsibility and Budget Management (FRBM) Committee for the budget deficit
NEWS
States may also get an escape clause to breach fiscal deficit
Fri, Feb 14, 2020     Source : Mint
The N.K. Singh-led Fifteenth Finance Commission (FFC) may allow states to invoke an “escape clause" to breach their mandated fiscal deficit target by half a percentage point, giving them flexibility to res...
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