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Mohan Guruswamy | The small stimulus and the fiscal deficit fetish

Keynesians believe consumer demand is the primary driving force in an economy

4 Jun 2020 5:04 PM IST

Inflation eased to 6.80%, significantly lower than Januarys 7.59%, according to the March 4-6 poll of more than 40 economists (PTI)

AA Edit | Inflation, exports still a concern

The real cause of concern for the economy emanates from the path of inflation and exports.

2 Sept 2023 12:05 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI may hike repo rate by 0.25 per cent in 2018: report

The key repo rate at which it lends to the system stands at 6 per cent currently.

9 March 2018 5:22 PM IST

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income. (Photo: File)

Finance Ministry pitches for ratings upgrade with Fitch

Govt will follow fiscal consolidation roadmap and will lower the fiscal deficit to 3 per cent of GDP by 2020-21.

7 March 2018 4:00 PM IST

Rafale deal has protected both security and commercial interest of India. Allegations on Rafale was fiction writing that was compromising national security, Finance Minister Arun Jaitley said. (Photo: ANI)

Govt not seeking RBI reserves to meet fiscal deficit: Jaitley

The RBI was maintaining a reserve of 28 per cent.

31 Dec 2018 5:57 PM IST

For FY 18, the fiscal deficit target was supposed to be 3 per cent but it may choose the upper band of 3.5 percent in the Union Budget.

Govt meets fiscal deficit target of 3.5 per cent for FY 2018

According to the data released by the Controller General of Accounts, the revenue deficit was 2.65 per cent of the GDP.

31 May 2018 7:17 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

'No expenditure cut in FY'18 to meet fiscal deficit target'

Govt had revised upwards the fiscal deficit at Rs 5.95 lakh crore or 3.5 per cent of GDP in the recent Union Budget.

1 March 2018 1:52 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Once hot favourite, India bonds lose their charm for foreign investors

Foreign investors have sold a net $1.12 billion in Indian debt, the strongest monthly outflow since December 2016.

26 March 2018 12:25 PM IST

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Fiscal deficit at 120 per cent of revised estimates at Feb-end

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for 2018-19.

28 March 2018 5:03 PM IST

Union minister Piyush Goyal

Government will meet fiscal deficit target of 3 per cent: Piyush Goyal

Fiscal deficit stood at 53 per cent of the GDP, broadly in line with the government's revised estimates for 2017-18.

18 Jun 2018 1:16 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Govt committed to meet fiscal deficit target this year, says Goyal

The government will maintain stability in the economy and meet all economic parameters.

18 Jun 2018 12:24 PM IST

According to HSBC, the public spending component of GVA and the government consumption component of GDP grew at a rapid pace, accounting for roughly one-fifth of overall growth.

Govt says April-May fiscal deficit at 55.3 per cent of full-year...

India expects to trim the deficit to 3.3 per cent of GDP in this fiscal year.

30 Jun 2018 11:26 AM IST