Expert divided over fiscal stimulus to revive economy
Niti Aayog vice-chairman Rajiv Kumar feels the need to relax the fiscal levers but NK Singh, who headed the committee that has prepared the new fiscal roadmap, cautioned against such a move.
IMF says India in midst of significant economic slowdown, calls for urgent policy actions
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Don’t expect big surprises in Budget; many constraints on expenditure side
The key issue in the Budget remains the transfer of RBI’s ‘surplus’ capital.
Rise of risk, will Federal Reserve come to the rescue?
Since early 2016, the global economy has been in a so-called goldilocks situation.
Government to reduce fiscal deficit to 3% in 2020-21, eliminate primary deficit
The government Friday came out with a roadmap to reduce the fiscal deficit, the gap between total expenditure and revenue, to 3 per cent of the GDP by 2020-21, and eliminate primary deficit.
Reforms, job creation need of the hour: Economists to Modi govt
Reforms in agriculture, policy measures to increase household savings and tightening of expenditure are direly needed, they said.
What is Medium-term Fiscal Policy Statement?
The Medium-term Fiscal Policy Statement is presented to Parliament under Section 3(2) of the Fiscal Responsibility and Budget Management Act, 2003.
Growth Slowdown: There is no “free stimulus”
The dip in manufacturing growth to a mere 1.2% brought the growth rate crashing down.
Relax fiscal deficit target to boost economy: CII
The Confederation of Indian Industry (CII) in a statement has also suggested interventions for the depreciating rupee that would increase export-related jobs.
Stimulus is inevitable but will be less effective
It is most likely that we will now have a series of fiscal stimulus over the next few years.
View: Provide fiscal stimulus, by all means. But keep it time bound
A 'fiscal stimulus' is mostly a double-edged sword. GoI essentially has two ways of funding its spending: through taxes, or by issuing new debt.
Fiscal slippage for two consecutive years credit negative: Moody's
In light of these budget measures, the govt announced slippage from its original fiscal deficit targets to 3.4 per cent of GDP both for the fiscal years ending in March 2019 and March 2020.
Stimulus, farm waiver to push up fiscal deficit by 1%: RBI
Such measure could lead to inflation surging by 0.50 per cent, RBI said in the Monetary Policy Report released along with the fourth bi-monthly monetary policy statement for 2017-18 today.
What I read this week: Why a fiscal stimulus will not work in the Indian context
Was the recent slowdown due to a shortage of aggregate demand or supply-side issues?
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