Wouldn’t expect a large fiscal stimulus in Budget: Ramiz Chelat, Vontobel Asset Management
Ramiz Chelat, portfolio manager at Vontobel Asset Management, believes a large stimulus in the budget is unlikely as the government is facing weak tax receipts and higher oil prices are putting additional pressure on the fiscal deficit. Hong Kong-based Chelat said he expects further disappointment on the macro situation in India in the next 12 months.
Didn’t want to repeat error of splurging: FM Nirmala Sitharaman
The fiscal deficit had reached 6.6% of GDP in FY10 under the United Progressi...
Think of innovative ways to reduce fiscal deficit: Harsh Mariwala
Govt needs to find innovative ways of reducing fiscal deficit, says Marico ...
What green shoots? Much-awaited earnings recovery elusive in Q3 too
For at least 8 years now, analysts and investors have been waiting for an earnings recovery.
Govt to not go on spending splurge, money being spent on public asset creation: FM Sitharaman at FICCI event
"The government will not go on a spending splurge. Money is being spent on increasing connectivity and creating public assets," finance mini...
Ind-Ra revises outlook on steel sector to 'stable-to-negative'
The outlook, Ind-Ra said, also factors in increased import risks especially from Free Trade Agreement (FTA) countries such as Japan and South Korea due to adverse impact of the slowing global growth and continuing trade frictions.
Fiscal deficit may widen to 3.8% for current financial year: Report
The country's fiscal deficit for 2019-20 is expected to widen to 3.8 per cent, as per a report.
Nomura sees fiscal deficit slipping to 3.7% in FY20
Nomura expects the Budget to prioritise investment over short-term consumption demand, announce measures for boosting housing demand and attract more long-term risk capital. The brokerage said it expects the Budget to be largely neutral for both growth and inflation.
Shaktikanta Das says structural, fiscal reforms must continue
Assessment of the current economic situation is one of the major challenges for RBI, says Shaktikanta Das.
Nandan Nilekani-backed ShopX sees $1 billion GMV this fiscal
ShopX currently operates across 460 towns, processing about 20,000 transactions daily. The company enables merchants and small retailers to connect with brands through its platform, bringing down their supply chain costs by 40-60%, Amit Sharma, CEO, ShopX said. It also provides digital payment options and a loyalty programme to retailers.
View: What’s in Modi's Budget for 1.3 billion Indians? Precious little
Ultimately, it is Indians who will have to believe in the India story to trigger a comeback for the economy.
View: Protectionist measures announced in international trade by FM are indeed worrisome
Not only have tariff increased, licence permit raj-era protectionist vocabulary also has had a comeback.
Budget can be pro-growth and still stick to fiscal discipline, & how!
The Budget should focus on reviving private investment, which has been lying low.
RBI to hold rates on inflation concerns, fiscal boost likely: Poll
All 42 economists said growth would gradually pick up in the next six months.
Legalise betting on cricket, tax bidis and FM’s fiscal problems will be over: Swaminathan Aiyar
Going on a huge spending spree to revive the economy would be extremely dangerous.
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