Page 6 - Latest Updates on Fiscal Policy
What can macro policy do?
Long-term structural reforms are required, such as a uniform GST and direct tax rates
 "What can macro policy do?")
Budgetary over-reach: There is a price for trying to do too much in Budgets
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan
BJP wants Sitharaman to give rural, infrastructure push in upcoming Budget
According to party, meeting fiscal deficit not the real economic issue for the government
 "BJP wants Sitharaman to give rural, infrastructure push in upcoming Budget")
Glitter versus gold in policy-making
Three years of slowing growth hold two important lessons for the Budget
 "Glitter versus gold in policy-making")
Why a growth rate falling below 5% is a clear and present danger for India
At 5 per cent, GDP growth in the current year would be an 11-year low. Worse, this will also mark a deceleration for a third straight year, writes A K Bhattacharya
 "Why a growth rate falling below 5% is a clear and present danger for India")
Govt must batten down on expenditure, play long innings to fix economy
NRI and foreign economists should be ignored as completely as commentators are ignored by top class batsmen, writes TCA Srinivasa Raghavan.
 "Govt must batten down on expenditure, play long innings to fix economy")
Ex-CEA Subramanian against tax cuts, says no space for fiscal expansion
Subramanian further said that he thinks personal income tax cuts motivated by desired increased consumption are highly inequitable
 "Ex-CEA Subramanian against tax cuts, says no space for fiscal expansion")
Statsguru: Ball in the fiscal court as RBI keeps lending rates unchanged
The MPC underlined the rising consumer price inflation as one of the reasons
 "Statsguru: Ball in the fiscal court as RBI keeps lending rates unchanged")
For states, balancing fiscal maths and capex will be challenging: CRISIL
The rating agency - in its Infrastructure Yearbook 2019, released on Tuesday - said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year
 "For states, balancing fiscal maths and capex will be challenging: CRISIL")
Deploy stimulus to revive economy or face stagnation, caution analysts
The central bank has already chopped 135 basis points off its key lending rate, but this has failed to spur demand
Come clean on fisc
Govt must not conceal how slowdown is impacting revenue
 "Come clean on fisc")
Fiscal policy and the growth slowdown
The question then is: On what should government spend this extra borrowing?
 "Fiscal policy and the growth slowdown")
Delink the deficits: Linking revenue and fiscal deficits will lead nowhere
Revenue deficit comprises political payouts that are impossible to reduce in any significant measure. Minimising political risk means increasing revenue deficit
 "Delink the deficits: Linking revenue and fiscal deficits will lead nowhere")
Walking a tightrope
Is a low-inflation, low-growth environment the new normal?
 "Walking a tightrope")
India has limited room to ease fiscal policy due to high debt: Fitch
It said GDP (gross domestic product) growth is likely to rebound to 7.1 per cent next year
 "India has limited room to ease fiscal policy due to high debt: Fitch")
Why India could miss fiscal deficit target for the current financial year
By the end of 2019, govt could be forced to raise the fiscal deficit target to 3.5% of GDP from the current target of 3.3% as pressure for more stimulus mount
A next generation fiscal framework
It may be time to set up a Centre-state council for expenditure, and to re-anchor bond markets
 "A next generation fiscal framework")
Best of BS Opinion: When times are tough and there's no good news in sight
We seem to be regressing in various respects. Sometimes to the extent that seemingly good steps are being viewed with suspicion, says Uddalok Bhattacharya
 "Best of BS Opinion: When times are tough and there's no good news in sight")
A silent fiscal crisis?
The ability of government to shrink the expenditures in 2019-20 would severely strain attempts to maintain fiscal discipline
 "A silent fiscal crisis?")
A tale of two disenchantments
We have neither good hospitals nor adequate fighter aircraft; neither good extension services nor adequate public transport.
 "A tale of two disenchantments")
