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Dhaka needs to urgently focus on effective methods for revenue enhancement and expenditure rationalisation to deal with the budgetary problems
By transferring Rs 1.76 lakh crore from the RBI’s surplus funds, the government is determined to meet its fiscal deficit target of 3.3 per cent of the GDP because doing that seems to be its top priority, rather than spending more on infrastructure, welfare programmes and centrally sponsored development schemes.
The Observer Research Foundation, CRM held a focus group meeting on the topic 'What do falling Crude Prices mean for India's Fiscal Deficit?' on February 9, 2007. Shri S C Tripathi, former Secretary, Ministry of Petroleum & Natural Gas, Government of India, chaired the discussions.
It is for time to tell whether the suggested reforms will lead India to play a prominent role in the post-pandemic economic recovery.
The consequences for the domestic economy will be harshly adverse.
Today the two biggest countries in the world - the US and China - are playing in the world arena on their own terms. Jobs are, indeed, something to be worried about because not only is there a threat of a deflationary spiral in the US but there is also a huge fiscal deficit. This means austerity (decline in demand) and job losses.
The macro-economic situation at this point of time is indisputably negative and the Budget for 2013-14 should set realistic spending allocations with the aim to reduce the fiscal deficit to sustainable levels.
The days of Budgets being policy statements and media events are over. Budget 2018 does what it is supposed to: balance the books — the fiscal defic
The attempt to woo FIIs and FPIs may look like an innovative step to mobilise investment from abroad, yet this is a gamble which may or may not pay of
Since data has changed, there are only three words that should define Finance Minister Nirmala Sitharaman’s Budget 2019 — growth, growth, growth.
Sitharaman and Modi need to be commended for their courage in continuing with reforms against all odds.
Geopolitical realignments and deft footwork by our diplomats have put India in a favourable position versus the rest of the world
The Finance Minister has chosen to walk the conservative path, hoping to stimulate investment and growth through small half-measures. Expect high rates of inflation in FY 13 and greater pressure on the fiscal deficit despite white paper on black money.
In the next Budget Finance Minister Pranab Mukherjee will have to strive hard to reduce fiscal deficit because a big fiscal deficit gives wrong signals to investors. The current year's Central and state combined fiscal deficit stands at 8.5 per cent.
The new undercurrent is targeting the notion of big business itself. India is angry, and rightfully so. But is there any problem being solved by targeting large corporates for accumulating wealth? It is not solving the investment drought or the fiscal deficit. It is also not solving the critical challenge of making Indian MSMEs globally competitive, or of creating jobs for the 12 million youth entering the workforce every year.
ore reassurance comes from the fiscal deficit target for 2018-19 set at 3.3 per cent of GDP.
Dialling down the tax and public debt-driven, active industrial policy model could greenlight private demand-led consumption and private investment-le
Greece may be far away from India but the lessons to be drawn are many. Bringing down fiscal deficit through harsh austerity measures has brought Greece to the brink. India should also not cut the important social sector spending in order to bridge the fiscal deficit.
For India to be truly independent, systemic changes are necessary.
With its G20 Presidency halfway through, India must push for increased engagement in the Indo-Pacific region to address the SDG financing gap
With government overshooting its fiscal deficit target for the current financial year by a larger margin simply spending more and more might well hurt
Internationalising the INR and increasing capital account convertibility should only be implemented incrementally
For now, Pakistan is banking upon its time tested modus operandi of tiding over the immediate crisis by giving in to whatever is demanded of it, and t
Budget FY2020 should break this dismal trend and increase capital expenditure to 2 per cent of projected GDP.
No government can tread the path of a single-minded focus on GDP growth. But wanton populism is no answer either, as the widening fiscal deficit must be trimmed.
Focusing on outputs and outcomes can push India towards better health indicators
Often likened to financing fiscal deficits overnight, Quantitative Easing is meant to prevent unwarranted tightening during times of stress.
India is facing a fiscal crunch, and Indians were not told. For this kind of mismanagement, more than a Finance Secretary ought to go.
Against several odds, what began as the Srinagar conversation has transformed into the Srinagar Consensus, making it arguably the most far-reaching po
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