Fiscal Policy
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India’s fiscal deficit likely to breach 5.9% of GDP target, says rating agency
The India Ratings and Research based the estimates of the possibility of revenue spending exceeding the Budget estimate by about Rs 2 lakh crore.
Scroll Staff
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Does India’s current system of fiscal transfers undermine the spirit of co-operative federalism?
In this time of crisis, states are at the mercy of the Union government for additional resources to fight the pandemic.
Atul Sarma & Manish Gupta
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Does Centre have unfettered powers to impose conditions on states borrowing money?
States can now borrow 2% more funds as long as they meet certain conditions – including abiding by the ‘One Nation One Ration Card’ scheme.
Kevin James
Trending
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Over 17,400 citizens write to EC seeking action against PM Narendra Modi for hate speech
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Australian journalist leaves country amid visa troubles, says ‘too difficult to do my job in India’
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Ramachandra Guha: Why 2024 is India’s most important election since 1977
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Dubai: How a high-altitude jet stream, not cloud seeding, created a storm ‘the size of France’
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‘The Kerala Story’: Why did Catholics re-release a Hindutva movie days before polling?
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Why India needs to rethink its corporate tax cut
The steep reduction has achieved none of its stated objectives – but has left the government poorer by Rs 1.45 lakh crore.
Ashish Khetan
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After corporate tax rate cuts, Nirmala Sitharaman says no plan to revise fiscal deficit target yet
The government is aiming to contain fiscal deficit within 3.3% of the Gross Domestic Product in 2019-’20.
Scroll Staff
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RBI Deputy Governor Viral Acharya calls for independent fiscal council to monitor deficit targets
Acharya, who will serve his last day in the post on Tuesday, made the remark in a speech last year.
Scroll Staff
Video
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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Eco India: How can India deal with its mounting tyre waste?