Fiscal Policy

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
· Dec 27, 2023 · 03:39 pm
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
· Jun 07, 2020 · 03:30 pm
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
· May 29, 2020 · 07:30 am

Video

Centre committed to meeting fiscal deficit target of 3.3% for current financial year: Piyush Goyal

In an apparent dig at the Congress, the finance minister said the government would not sacrifice micro-economic stability and good governance.

Scroll Staff
· Jun 18, 2018 · 03:53 pm