Page 2 - Government Spending

In India's K-shaped economic recovery, keep a watch on middle-income groups

India's better-than-expected recovery story was scripted by households, and not government spending or private sector investments

Bold reforms have ensured steady FDI flow even during pandemic: FM

Says govt initiated big reforms in agriculture and labour codes

Icra narrows its GDP decline forecast for FY21 to 7.8% from 11% earlier

Agency had forecast a small contraction of one per cent during Q3

Sharp 23.9% GDP fall in Q1 will take at least a year to recover: Economists

Current year will continue with a drop of 7-7.5% which is lower than the earlier anticipated 10%

A fiscal road map

Govt must decide fast on the timing and amount of stimulus

Icra scales up projection for GDP contraction to 11% from 9.5% earlier

Attributes move to continued spread of Covid-19 pandemic

Best of BS Opinion: Beyond FCRA, raise demand via govt spending & more

Here's a selection of Business Standard opinion pieces for the day

Raise demand via govt spending

As demand rises, supply would increase correspondingly and so would employment and overall growth

Govt presents first batch of supplementary demand for grants: An explainer

The demand is to spend an additional Rs 2.36 trillion in FY21

Growth risks

India needs reforms to enhance productivity

Bridging the gap

Govt should monetise assets to sustain expenditure

Worrying macro dynamics

Growth in govt spending is leading to fiscal stress, crowding out

Govt increases portfolio of infra projects, raises spending to Rs 111 trn

The estimate has been made for the five-year period ending 2025

Lok Sabha passes Appropriation Bill authorising govt to draw Rs 110 trn

The house passed the Bill, envisaging spending of Rs 110.4 trillion during the financial year 2020-21 after Speaker Om Birla applied 'guillotine' on demands of grants for various ministries.

Govt's fiscal woes likely to climb as gross spending to rise by 20%: Report

The total budgeted expenditure of the central government for 2019-20 is Rs 27.86 trillion.

Glitter versus gold in policy-making

Three years of slowing growth hold two important lessons for the Budget

Best of BS Opinion: Can govt expenditure be the only way to induce growth?

From Rahul Bajaj and Amit Shah exchange, Delhi govt's fiscal management to Navy's plans to build submarines, here's a selection of Business Standard Opinion pieces for the day.

India's fiscal deficit rises to 115% of target in 8 months of FY20

The gap between the government's revenue and spending stood at Rs 8.07 trillion at the end of November - Rs 1 trillion (13 per cent) more than the full-year target.

World's biggest money manager keen to add to its holdings of Indian bonds

Rupee debt sold off in the past two months, the longest run of losses in a year, after the government's surprise $20 billion tax cut sparked fears of missing deficit targets

Analysts rule out big-bang stimulus spend by govt despite RBI windfall

Analysts say lacklustre tax collections and weak growth which is threatening the fiscal deficit target of 3.3 per cent of GDP are some of the reasons that will limit the government's spending power