Page 10 - Latest Updates on Budget estimates
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.
 "In April-August, India's fiscal deficit at 109% of full-year target")
FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget
FY20 is being considered for a 'more realistic comparison'
 "FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget")
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
 "Has the fiscal deficit reached 83% of FY21 target in Q1 itself? Not really")
The problem of tax buoyancy
The Union government's tax buoyancy has never been very high
Worrying macro dynamics
Growth in govt spending is leading to fiscal stress, crowding out
 "Worrying macro dynamics")
Back to February 28
Variation between revised and final Budget numbers has grown
 "Back to February 28")
Why govt needs a fresh 20/20 vision for Budget 2020
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
 "Why govt needs a fresh 20/20 vision for Budget 2020")
A day after, bond yield closes flat at 6.16% amid liquidity surplus
Given the plan to borrow an additional Rs 4.2 trillion from the market, yields will show a tendency to move up. But, the huge liquidity in the system kept the rise in check, bond dealers said.
 "A day after, bond yield closes flat at 6.16% amid liquidity surplus")
Uncertainty looms over Rs 2.1-trn divestment target amid coronavirus spread
In its April Monetary Policy report last week, the Reserve Bank of India said the global economy is expected to go into recession after taking into account the impact of the Covid-19 pandemic
 "Uncertainty looms over Rs 2.1-trn divestment target amid coronavirus spread")
Govt unlikely to grant any package for industry to pay workers' salaries
"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.
 "Govt unlikely to grant any package for industry to pay workers' salaries")
Direct tax mop-up falls short by record Rs 1.45 trn of revised estimates
Official figures showed that the gross amount collected under direct taxes as of March 31 was Rs 12.11 trillion
 "Direct tax mop-up falls short by record Rs 1.45 trn of revised estimates")
States also flout Budget numbers discipline
More attention needs to be focused on state Budgets
 "States also flout Budget numbers discipline")
AGR dues paid by telcos to reflect in FY20 revenue receipts: Report
Officials said the amount was not much to have any bearing on the fiscal position
 "AGR dues paid by telcos to reflect in FY20 revenue receipts: Report")
Chhattisgarh's subsidy burden up by 41%, CM presents Rs 95,650 cr budget
Besides loan waivers, the state government had doled out a number of subsidy schemes last year. The bonus to farmers, reducing the electricity bill to half were a few
 "Chhattisgarh's subsidy burden up by 41%, CM presents Rs 95,650 cr budget")
Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn
Finance Minister Nirmala Sitharaman would move 'The Direct Tax Vivad Se Vishwas Bill, 2020, for consideration. Stay tuned for LIVE updates on Parliament session in the Lok Sabha and Rajya Sabha
 "Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn")
April-January fiscal deficit hits 128.5% of FY20 revised estimates
As a percentage of the Budget estimates of Rs 7.04 trillion, the fiscal deficit was a staggering 140 per cent
 "April-January fiscal deficit hits 128.5% of FY20 revised estimates")
Odisha tables revenue surplus budget with total outgo pegged at Rs 1.5 trn
Budget estimates fiscal deficit to be at 3.4%, within permissible limit of FRBM target
 "Odisha tables revenue surplus budget with total outgo pegged at Rs 1.5 trn")
Sabka Vishwas legacy dispute scheme may not add much to govt coffers
Govt faces uphill task of meeting indirect tax target despite scaling it down
 "Sabka Vishwas legacy dispute scheme may not add much to govt coffers")
Why govt may have to lower its FY20 tax revenue target a second time
For this financial year, the Budget has already slashed the net tax revenue figures by Rs 1.45 trillion in RE to Rs 15.04 trillion, down from Rs 16.49 trillion given in the BE in July 2019
 "Why govt may have to lower its FY20 tax revenue target a second time")
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")
