New Delhi: Former RBI Governor D Subbarao on Friday said India is not close to the situation where the central bank has to go for debt monetisation amid rising government spending and falling revenue collection due to the COVID-19 crisis. The case for direct financing is made on the argument that government borrowing this year […]Read More
Tags : "Fiscal Deficit"
Expressing confidence in India’s ability to bounce back after the Covid crisis abates, Standard & Poor retained India’s sovereign credit rating at BBB- with stable outlook. The ratings agency said, “While risks to India’s long-term growth rate are rising, ongoing economic reforms, if executed well, should keep the country’s growth rate ahead of peers.” This […]Read More
If we deviate from the fiscal numbers for a year or so, we do not see it to be a significant issue, says deputy head- fixed income, Axis Mutual Fund. What is your outlook on banking-related funds ever since the Franklin issue has played out? In the aftermath of that, what has changed? In the […]Read More
NEW DELHI: A demand-side push is needed to revive the economy, veteran banker and new president of the Confederation of Indian Industry (CII) Uday Kotak toldET, expressing hope that month-on-month growth will reach a level close to normal before the end of this year. “Getting growth back is nonnegotiable,” Kotak said in an interview, listing […]Read More
For all its shortcomings, both at a conceptual and statistical level, gross domestic product (GDP) — or the money value of goods and services produced in an economy in a year — remains the least bad measure of economic well-being. So, what do the latest GDP numbers released by the Central Statistical Organisation (CSO) last […]Read More
The aggregate fiscal deficit of the states could hit 4.5 per cent of gross state domestic product (GSDP) in the current fiscal, said a report by India Ratings (Ind-Ra) on Wednesday. The upward revision was based on the fact that states were already facing lower-than budgeted share in central taxes and subdued own revenue growth, […]Read More
Mumbai: The combined fiscal deficit of the Centre and states will top 12 per cent of the GDP because of the recent economy boosting measures, and higher borrowings by States to meet COVID-19 exigencies, says a report. According to the report by DBS Bank, the combined fiscal gap will increase by 480 basis point (bps). […]Read More