Wednesday, 29 March, 2023
TopicFiscal deficit

Topic: fiscal deficit

Centre could cut spending for first time in 3 years to meet fiscal deficit target, says report

The Modi govt is keen to rein in the fiscal deficit as it is well above the historical levels of 4% and 5%, having shot up to a record of 9.3% during the first year of Covid.

Prudence over populism — why Modi govt must resist rolling out big-ticket schemes in Budget 2023

In the next budget, last of Modi govt's 2nd term, announcing a glide path to a deficit target of 4.5% of GDP by 2025-26 would lend credibility to its fiscal consolidation initiatives.

Why are Bihar, Punjab, Rajasthan fiscally stressed? Every state has its own root cause

Bihar has lowest own tax revenue, Punjab high committed expenditures, while Rajasthan has deviated from fiscal deficit target. Such states need to balance vote bank & fiscal prudence.

Why Modi govt is on strong ground on fiscal deficit but some states are struggling

Central govt's fiscal deficit touched 21% of full-year target in April-June quarter. But going forward, buoyant tax collections could help manage higher than budgeted expenditure.

Modi govt plans to scrap LPG subsidy under PAHAL as economic woes hit revenues

The PAHAL scheme was first launched under the UPA government in 2013, and was then revised and relaunched after the Modi government came to power in 2014.

Indian economy has a twin deficit problem. To counter it, govt needs to juggle growth & stability

The government will have to do a balancing act, maintaining growth and macroeconomic stability by keeping fiscal and current account deficits within manageable limits.

India’s fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate

The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9% of the GDP for the fiscal ended in March.

Sri Lanka, Pakistan hold lessons for India — from fiscal indiscipline to populist measures

The government must be restricted to the essential investments —defence, policing, courts, public health, basic social and economic infrastructure.

How rupee affects macroeconomics, domestic competition, and why its fall isn’t all bad news

India’s enormous dependence on oil imports makes the rupee extremely vulnerable. It is currently the worst-performing Asian currency.

LIC IPO inflow will be larger than budgeted, ‘done’ by March this year: Economic Affairs Secy

So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.

On Camera


File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.

NFRA to conduct audit quality inspections of five audit firms

New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...


The Defence Services Staff College in Wellington | Image credit:

In a first, six women officers to enter prestigious Defence Services Staff College

As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

Why military is more for asserting political will, not just about controlling territory

No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.