Page 7 - Latest Updates on Fiscal Deficit
Tax revenue boost or expenditure cuts can help meet fiscal deficit target
The impact of Saturday's excise duty cuts will be Rs 1 trillion for a year, Finance Minister Nirmala Sitharaman had said
 "Tax revenue boost or expenditure cuts can help meet fiscal deficit target")
IMF projects India's general fiscal deficit at 9.9% of GDP for FY23
Rising energy and food prices will put renewed pressure on fiscal deficits, IMF First Deputy Managing Director Gita Gopinath said in a tweet.
 "IMF projects India's general fiscal deficit at 9.9% of GDP for FY23")
Top headlines: PPF, NSC interest rates unchanged; SpiceJet settles dispute
Business Standard brings you the top headlines on Thursday
 "Top headlines: PPF, NSC interest rates unchanged; SpiceJet settles dispute")
India's fiscal deficit touched 82.7% of full-year target at end of Feb
In actual terms, the deficit stood at Rs 13.16 trillion at the end of February this year, as per the data released by the Controller General of Accounts
 "India's fiscal deficit touched 82.7% of full-year target at end of Feb")
India's FY23 fiscal deficit likely to hit 6.7% on free grains move
Finance Minister Nirmala Sitharaman has pegged the Centre's capex for FY23 at Rs 7.5 trillion
 "India's FY23 fiscal deficit likely to hit 6.7% on free grains move")
Safe for now, macro economy may take a hit if Russian-Ukraine war stretches
A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit
 "Safe for now, macro economy may take a hit if Russian-Ukraine war stretches")
Govt's huge welfare scheme expenses hitting public finances: Yashwant Sinha
Ex finance minister Yashwant Sinha said huge expenditure on welfare schemes by Modi govt has impacted public finances which are currently in a mess with fiscal deficit touching abnormally high level
 "Govt's huge welfare scheme expenses hitting public finances: Yashwant Sinha")
Centre's April-January fiscal deficit touches 58.9% of full-year target
Revenue expenditure was Rs 23.68 trillion, or 74.7% of RE compared with 71.6%
 "Centre's April-January fiscal deficit touches 58.9% of full-year target")
Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief
Business Standard brings you the top headlines on Monday
 "Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief")
India's April-January fiscal deficit touches 58.9% of FY22 target: Govt
In actual terms, the deficit was Rs 9.37 trillion at end-January 2022 against upwardly revised annual estimate of Rs 15.91 trn
 "India's April-January fiscal deficit touches 58.9% of FY22 target: Govt")
Amending the FRBM Act
For two years running, the finance ministry has excused itself from providing a projection of its fiscal consolidation plan
 "Amending the FRBM 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")
Once low-profile NSSF now a key player in Centre's finances for past 7 yrs
While govt's market borrowings have doubled from FY16 to FY22, NSSF loans to finance fiscal deficit have grown 11x
 "Once low-profile NSSF now a key player in Centre's finances for past 7 yrs")
Little fiscal headroom for govt to respond to future shocks: Fitch
Rating agency says it revised Outlook on India's rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic impact on public finance metrics
 "Little fiscal headroom for govt to respond to future shocks: Fitch")
Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL
Conservative receipts' estimates have led to higher-than-expected fiscal deficit target in the Union Budget FY23, said Motilal Oswal Financial Services
 "Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL")
Ready Reckoner: FM Sitharaman's fourth Budget places emphasis on growth
Indirect taxes shall rise 5.5 per cent, on the back of a 15.6 per cent increase in spending in FY23
 "Ready Reckoner: FM Sitharaman's fourth Budget places emphasis on growth")
The risks of minimalism
One should not rule out Ms Sitharaman doing better than what she has projected for next year's total revenue numbers
 "The risks of minimalism")
Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%
The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022
 "Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%")
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: India on track to meet FY22 fiscal deficit target
India will comfortably meet its fiscal deficit FY22 target on the back of a strong rebound in revenues, said the Economic Survey 2021-22
 "Economic Survey: India on track to meet FY22 fiscal deficit target")
