Think of innovative ways to reduce fiscal deficit: Harsh Mariwala
Govt needs to find innovative ways of reducing fiscal deficit, says Marico CEO Harsh Mariwala.
View: Go for growth! It's time to stop obsessing over fiscal deficit and deliver growth
Budget 2020 is not being framed in a business-as-usua...
RBI to hold rates on inflation concerns, fiscal boost likely: Poll
All 42 economists said growth would gradually pick up in the next six mont...
India Inc expecting budget to lower personal income tax rates
Finance Minister Nirmala Sitharaman will increase the income tax exemption limit from Rs 2.5 lakh per annum currently, majority of respondents surveyed by tax consultancy firm KPMG opined. The majority of respondents also feel that the government in the forthcoming Budget to be unveiled on February 1 will increase the standard deduction and give more incentives for housing loans.
India likely to fund some $28 billion of 2020/21 expenditure via off-budget borrowings: Sources
Off-budget borrowings are a means by which the government keeps its fiscal deficit in check by making quasi-government entities borrow on its behalf, to partly fund its expenditure plan for the year. This would mark a roughly 13.8% increase in so-called off-budget borrowings from an estimated 1.75 trillion rupees ($24.6 billion) in the ongoing fiscal year.
Modi, Shah are a drag on Indian democracy: Sibal
Congress leader Kapil Sibal on Tuesday said the nationwide protests against the amended citizenship law reflected that Prime Minister Narendra Modi and Union Home Minister Amit Shah were a "drag on Indian democracy".
Govt might breach fiscal deficit target in FY20; need for fiscal stimulus rises: Report
"We expect that the drop in the revenue mobilisation of the government and likelihood of additional expenditure by the government might breach the fiscal deficit target in FY20," Dun & Bradstreet India Chief Economist Arun Singh said. The government has set a 3.3 per cent fiscal deficit target for the current fiscal.
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.
India needs continued structural reforms to boost growth: UN report
The report has also lowered GDP growth estimate for India while expressing hope that combination of fiscal stimulus and financial sector reforms will help boost consumption. However, the data related to India was revised to 5% for the current fiscal and 5.8-5.9% for the next financial year, Nagesh Kumar, Head, UN Economic and Social Commission for Asia and the Pacific, said.
IMF cuts India’s FY20 growth forecast to 4.8%
The IMF cut its estimate citing a sharper-than-expected slowdown in local demand and stress in NBFC sector.
No turning point in sight as IMF predicts sluggish global growth
The IMF trimmed back its global growth forecasts, mostly due to a slowdown in India.
India too old-fashioned in the EM story for FIIs: Mark Matthews
The big thing that will help all emerging markets, including India, would be if the dollar turns down.
India need not seek solace in China's growth slowdown: Experts
India need not seek solace in China's economic growth slowing to a three-decade low of 6.1 per cent despite impacted by trade war with the US as it is still growing at a faster pace, said experts.
BOJ raises growth forecast, signals status quo on policy outlook
The Bank of Japan nudged up its economic growth forecasts on Tuesday.
'Modi govt's USD 5-trillion GDP target by 2024 looks unimaginably ambitious'
The goal was set soon after Modi took office a 2nd time. But since then, India has been under a dark cloud.
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