CURRENT ACCOUNT DEFICIT
Trade deficit checks: Curbs on duty-free cigarettes, liquor proposed
While the government doesn’t maintain data on imports coming through the duty-free channel, liquor, cigarettes, chocolates and perfumes are the biggest purchases at Indian airport stores. “While there is no trafficking of these products at present, controls on duty free goods will lead to smuggling,” said an expert on condition of anonymity.
What is a current account?
Apart from a savings bank account, one can also open a current account with a bank. This account usually caters to...
What is deficit financing?
For developing countries like India, higher economic growth is a priority. A higher economic growth requires finan...
Government pushes for zaid crops to mitigate Kharif deficit
The recent focus on zaid crops has paid off well as area under cultivation during this period has been on rise since last few years. As compared to kharif sowing which is being done across 107 million hectare, zaid planting, mostly pulses, is done across less than 2 per cent of that area.
What is government borrowing? How it impacts fiscal deficit?
In the current fiscal, the government has decided to stay with the borrowing programme as announced in the Budget 2019. This has cheered the markets and kept yields in check. In the Budget speech, the finance minister also announced borrowing from overseas market but later on dropped the plan owing to currency risks.
India's exports decline for fifth straight month in December, trade deficit narrows
Merchandise exports fell to $27.36 billion in December compared with a year earlier, while imports were down 8.83% to $38.61 billion, the data showed. India's trade deficit stood at $14.49 billion in December 2018, the statement said.
FY20 deficit likely to be 4.5-5% of GDP: Ex-Fin Secy
Former finance secretary Subhash Garg has said India's real fiscal deficit in FY20 is likely to be higher at 4.5-5% of GDP due to an expected shortfall in revenue, and higher spending.
Fiscal deficit may widen to 3.7-4% of GDP: Ex-fin secy
He estimated that the real fiscal deficit would be around 4.5 per cent to 5 per cent of GDP.
Govt revises target for GST collections again
Target has been raised to Rs 1.15 lakh crore over the next two months and Rs 1.25 lakh crore in March.
Budget 2020: Is it time for a more realistic disinvestment target?
India needs more realistic disinvestment targets so that the fiscal math is not affected towards the end.
CAD narrows to 0.9% of GDP in July-Sept on lower trade deficit: RBI
In the first half of the current fiscal, the CAD narrowed to 1.5 per cent of GDP from 2.6 per cent in the same period in FY2018-19 on the back of a reduction in the trade deficit. Trade deficit shrank to USD 84.3 billion in the first half of FY2019-20 from USD 95.8 billion last year, the RBI said.
Markets eye improved transparency in Budget: Report
The report noted that fiscal deficit in the first eight months of FY20, stood at 15 per cent above target.
Budget 2020: Types of deficits & how they are calculated
A revenue deficit indicates that the government doesn't have sufficient revenue for the normal functioning of the government departments. In other words when the government starts spending more than it earns it results in Revenue Deficit.
How bad really is the fiscal situation?
At this point, it makes sense to bite the bullet. Govt can fret over deficit after growth has picked up.
Govt trying to address demand-side problem with supply-side measures: Madan Sabnavis, CARE Ratings
We really think the government will be able to stick to the fiscal deficit in 2021.
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