Page 6 - Latest Updates on Fiscal Deficit
Centre's fiscal deficit hits 12.3% of full-year target in April-May period
Non-tax revenue came in at Rs 49,251 crore, or 18.3 per cent of the full year target of Rs 2.69 trillion, compared with 48 per cent for the same period last year
 "Centre's fiscal deficit hits 12.3% of full-year target in April-May period")
Top headlines: Shinde next Maha CM; cryptos a clear danger, says RBI's Das
Business Standard brings you the top headlines on Thursday
 "Top headlines: Shinde next Maha CM; cryptos a clear danger, says RBI's Das")
Centre's fiscal deficit at 12.3% of full-year target in May: Govt data
The fiscal deficit was at 8.2 per cent of the Budget Estimate (RE) of 2021-22 during the corresponding period
 "Centre's fiscal deficit at 12.3% of full-year target in May: Govt data")
Dept of Expenditure warns against extending the free food scheme: Report
In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation
 "Dept of Expenditure warns against extending the free food scheme: Report")
India aims to keep FY23 fiscal deficit at last year's level: Report
Efforts to maintain some fiscal discipline reflect New Delhi's concern around risks to its sovereign credit rating, but will likely limit the govt's firepower
 "India aims to keep FY23 fiscal deficit at last year's level: Report")
TMSEp200: Single-use plastic, IT workers, Nilesh Shah, twin deficit problem
Will Frooti packs go off the shelves? Can an IT employee be classified as a workman? What is Nilesh Shah's take on investors' approach to markets? What is a twin deficit problem? All answers here
 "TMSEp200: Single-use plastic, IT workers, Nilesh Shah, twin deficit problem")
Twin deficit problem: What does it mean and how does it affect an economy?
The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem that India may face. This report tells us what it means
 "Twin deficit problem: What does it mean and how does it affect an economy?")
Indian economy: Not just a twin but a triple-deficit problem looms
While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face
India facing twin deficit problem due to commodity prices, subsidy: FinMin
But says the country faces low risk of stagflation
 "India facing twin deficit problem due to commodity prices, subsidy: FinMin")
India faces near-term challenges; better placed to deal with them: FinMin
India's medium-term growth prospects remain bright as pent-up capacity expansion in the private sector is expected to drive capital formation, employment generation in rest of this decade, says report
 "India faces near-term challenges; better placed to deal with them: FinMin")
Pakistan steeply hikes fuel prices up to 29% to secure IMF funding
The new petrol price has been fixed at Rs 233.89 per litre, HSD at Rs 263.31 per litre and kerosene oil at Rs 211.47 per litre.
 "Pakistan steeply hikes fuel prices up to 29% to secure IMF funding")
Stories during stagflation: How India fares on 'modified' misery index?
Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan
Centre chose expenditure switch to contain widening fiscal deficit
Robust revenue collection and higher nominal GDP, however, led to an improved fiscal deficit at 6.7 per cent in FY22 against the 6.9 per cent estimated
 "Centre chose expenditure switch to contain widening fiscal deficit")
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.
Govt leans heavily on nominal revenue growth to beat fiscal blues
If the burden does hit Rs 2.5 trillion, that would mean extra spending of around Rs 35,000 crore
 "Govt leans heavily on nominal revenue growth to beat fiscal blues")
Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%
April saw revenue surplus of Rs 591 crore
 "Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%")
Top headlines: India's Q4 GDP grows 4.1%; IMD raises 2022 monsoon forecast
Business Standard brings you the top headlines on Tuesday
 "Top headlines: India's Q4 GDP grows 4.1%; IMD raises 2022 monsoon forecast")
India's fiscal deficit improves to 6.7% in FY22 on higher tax mop up
Fiscal deficit at 6.71% of GDP in FY22 as against revised budget estimate of 6.9%, shows govt data
 "India's fiscal deficit improves to 6.7% in FY22 on higher tax mop up")
Duty cut on petrol, diesel to put pressure on fiscal deficit: Experts
The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government
 "Duty cut on petrol, diesel to put pressure on fiscal deficit: Experts")
Top Headlines: Fuel rate cut to ease inflation, report on EV fire, and more
The recent EV scooter fires were caused by defects in their batteries, including in the designs of the battery packs and modules, a DRDO report said. Read more in our top headlines.
 "Top Headlines: Fuel rate cut to ease inflation, report on EV fire, and more")
