Articles for Fiscal Consolidation

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
2 weeks, 2 days ago

Economists ask Finance Minister to focus on growth rather than fiscal consolidation

New Indian Express  

NEW DELHI: With the second quarter GDP growth falling to a 7-quarter low of 5.4%, economists have asked the government to shift its policy focus to growth rather than fiscal consolidation. In a pre-budget meeting with finance minister Nirmala Sitharaman on Friday, a delegation of economists suggested the government readdress the pace of fiscal consolidation and take measures to boost …

Growth Gdp Fiscal Tnie Fiscal Consolidation
Budget 2024: Capital gains tax reform, stimulus for private capex push; what mutual fund players want from FM Sitharaman
5 months, 1 week ago

Budget 2024: Capital gains tax reform, stimulus for private capex push; what mutual fund players want from FM Sitharaman

Live Mint  

Union Finance Minister Nirmala Sitharaman will present the Budget 2024 on July 23. One mutual fund expert argues that the government should consider eliminating the capital gains tax an investor pays when he moves his investment from a regular to a direct scheme. Investors demand that this new tax be reversed or at least that indexation benefit be restored for …

Market Tax Budget Capital Gains Tax Private Sector Investors Fund
India's fiscal consolidation likely to become challenging with coalition government: Fitch
6 months, 2 weeks ago

India's fiscal consolidation likely to become challenging with coalition government: Fitch

Hindustan Times  

India's medium-term fiscal consolidation is likely to get more challenging as a new coalition government comes to power, an analyst at credit rating agency Fitch, said on Friday, according to a Reuters report. "Our expectation is that the government will look to achieve the 4.5% fiscal deficit target by 2025-26," Jeremy Zook, director of Asia-Pacific sovereigns at Fitch told Reuters …

India Reuters Deficit Fiscal Fitch Fiscal Consolidation Coalition Government
S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years
6 months, 3 weeks ago

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years

Hindustan Times  

New Delhi, Giving thumbs up to the economic management of the Modi government, S&P Global Ratings after a gap of 14 years upgraded India's sovereign rating outlook to positive from stable on robust growth, improved quality of public spending in last 5 years and expectation of broad continuity in reforms and fiscal policies. "India outlook revised to positive on robust …

India Growth Positive Economic Ratings Cent Gdp
Tamil Nadu Finance Minister says the State Budget has not deviated from the path of fiscal consolidation
9 months, 2 weeks ago

Tamil Nadu Finance Minister says the State Budget has not deviated from the path of fiscal consolidation

The Hindu  

Amid financial constraints and ahead of the Lok Sabha elections, Tamil Nadu Finance Minister Thangam Thennarasu presented the State Budget for 2024-25. During the discussions on the Budget Estimates of 1967-68, the then Finance Minister Perarignar Anna had remarked “The lives of 3.5 crore people are determined by the 64 pages in this Budget. In this Budget Session, the Chief …

Finance Tamil Nadu Budget Funding Tamil Revenue State
HK budget eyes growth amid fiscal consolidation
9 months, 3 weeks ago

HK budget eyes growth amid fiscal consolidation

China Daily  

A view of the Victoria Harbor in Hong Kong. While Hong Kong's economic development will be sustained and solid in the medium term, the SAR government will implement a comprehensive fiscal consolidation program to contain operating expenditure growth and increase revenue as the city has incurred four budget deficits over the past five financial years. Amid the subdued economic environment, …

Financial Budget Hong Kong Billion Kong Hong Fiscal
HK budget eyes growth amid fiscal consolidation
9 months, 3 weeks ago

HK budget eyes growth amid fiscal consolidation

China Daily  

A view of the Victoria Harbor in Hong Kong. While Hong Kong's economic development will be sustained and solid in the medium term, the SAR government will implement a comprehensive fiscal consolidation program to contain operating expenditure growth and increase revenue as the city has incurred four budget deficits over the past five financial years. Amid the subdued economic environment, …

Financial Budget Hong Kong Billion Kong Hong Chan
Interim budget 2024-25: Govt stays the course on fiscal consolidation path
10 months, 3 weeks ago

Interim budget 2024-25: Govt stays the course on fiscal consolidation path

Hindustan Times  

The government is on the path of fiscal consolidation, finance minister Nirmala Sitharaman said in her interim budget speech, revising the fiscal deficit estimate for FY24 to 5.8% of GDP from 5.9% estimated in the budget last year, and reiterated her resolve to bring it below 4.5% by 2025-26, targetting 5.1% in FY25 on the back of buoyant tax collections …

Budget Consolidation Sitharaman Gdp Deficit Fiscal Path
Modi government shuns populist Budget as focus stays on infrastructure
10 months, 3 weeks ago

Modi government shuns populist Budget as focus stays on infrastructure

The Hindu  

Published : Feb 01, 2024 21:51 IST - 4 MINS READ Union Finance Minister Nirmala Sitharaman delivered a Budget speech lacking in any major spending and tax measures to lure voters in the upcoming elections, a sign that Prime Minister Narendra Modi is confident his government can return to power without resorting to populist programmes. “The political capital is strong …

Finance India Budget State Minister Cent Modi
Budget 2024: What ‘GDP’, ‘Disha Nirdeshak Baatein’ stand for in today’s budget?
10 months, 3 weeks ago

Budget 2024: What ‘GDP’, ‘Disha Nirdeshak Baatein’ stand for in today’s budget?

Live Mint  

Budget 2024: Finance Minister Nirmala Sitharaman highlighted in a post-budget press conference that she wants to drawn attention to ‘GDP’, abbreviating it to ‘governance, development and performance’ as the backdrop of Interim Budget 2024. ‘’India has seen three consecutive years of seven percent growth, Sitharaman said, while highlighting the government's performance over the last 10 years. ‘’The fiscal deficit target …

Finance India Budget 2024 Minister Sitharaman Fiscal
Economic setting allows quick fiscal consolidation
10 months, 3 weeks ago

Economic setting allows quick fiscal consolidation

Live Mint  

The interim budget comes in a backdrop where the growth momentum is becoming more entrenched, macroeconomic stability is strengthening and confidence among businesses and consumers is improving. In terms of key targets, the stated objective of reducing the budget deficit to 4.5% of GDP by FY2025-26 from 5.9% this fiscal, will require accelerated pace of fiscal consolidation going ahead. However, …

Global Growth Tax Investment Level Gdp Fiscal
Budget 2024: 5 essential questions for investors answered by Goldman Sachs
11 months, 1 week ago

Budget 2024: 5 essential questions for investors answered by Goldman Sachs

Live Mint  

Budget 2024: Goldman Sachs in its report on FY25 interim budget say that interim budget is likely to follow the fiscal consolidation path Three key things for investors to look out for in the interim budget as per Goldman Sachs include: a) the government’s commitment to the medium-term fiscal consolidation path, b) if capex growth can continue with fiscal consolidation, …

Consolidation Rbi Target Gdp Deficit Fiscal Expect
Byju’s targets to be profitable by March 2024, may layoff 3,000-3,500 workforce
1 year, 2 months ago

Byju’s targets to be profitable by March 2024, may layoff 3,000-3,500 workforce

Live Mint  

On account of consolidation and restructuring of the organization and settlement on a $1.2 billion loan, edtech major BYJU'S has set the target to become profitable by March 2024, reported news agency PTI citing sources. "Think and Learn Private Ltd restructuring will see the current operations spread across several business units streamlined into four core areas of K-12, test prep, …

Byju
Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending
1 year, 10 months ago

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending

The Hindu  

Published : Feb 07, 2023 15:57 IST If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister Nirmala Sitharaman that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second …

Finance Growth Social Budget States Capital Spending
Explained | Is the government on track on fiscal deficit targets?
1 year, 10 months ago

Explained | Is the government on track on fiscal deficit targets?

The Hindu  

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit to 5.9% of gross domestic product in FY24, compared with 6.4% in FY23. In Union Budget 2023-24, the fiscal deficit to GDP is pegged at 5.9% in FY24. The primary deficit, which …

Finance Budget Union Infrastructure Investment Crore Rbi Sitharaman
Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target
1 year, 11 months ago

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target

ABP News  

Finance Minister Nirmala Sitharaman is going to present the last full-fledged Budget of the Modi 2.0 government on February 1 amid a gordian knot of challenges facing the world economy. The government has pencilled in a fiscal deficit target at 6.4 per cent of the GDP for the current financial year for stronger and sustainable growth. The target is consistent …

Crore Cent Lakh Target Total Deficit Fiscal
Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report
2 years ago

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report

ABP News  

The Narendra Modi government is expected to remain on the path of fiscal consolidation in the last full Budget before the 2024 elections. According to the survey, more than 80 per cent of the economists said that fiscal consolidation was likely to be the dominant theme in the budget to be announced on February 1. But the pandemic severely affected …

Budget Cent Fiscal Chief Economist Fiscal Consolidation
Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman
2 years ago

Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman

The Hindu  

NITI Aayog Vice-Chairman Suman Bery on Sunday expressed concern over the revival of Old Pension Scheme by some states, saying it would burden future taxpayers at a time when India needs to focus on fiscal prudence and promoting sustained growth. In an interview to PTI, Mr. Bery also underlined the need for enhancing capital expenditure and creating a space for …

India Budget Pension State Need Nda Expenditure
NITI Aayog VC expresses concern over revival of old pension scheme, says it will burden future taxpayers
2 years ago

NITI Aayog VC expresses concern over revival of old pension scheme, says it will burden future taxpayers

India TV News  

Old Pension Scheme: NITI Aayog Vice Chairman Suman Bery on Sunday expressed concern over the revival of Old Pension Scheme by some states, saying it would burden future taxpayers at a time when India needs to focus on fiscal prudence and promoting sustained growth. "Within this debt limit, duly elected state governments are free to make their own choices on …

India Budget Pension State Old Need Scheme
On inflation, the government and the RBI are walking a tight rope
2 years, 7 months ago

On inflation, the government and the RBI are walking a tight rope

The Hindu  

The off-cycle meeting of the Monetary Policy Committee on May 2 and May 4 and its decision to raise the repo rate to 4.4% sends a clear signal that the Reserve Bank of India is committed to its mandate of keeping the consumer price index inflation rate at 4% with an upper and lower band of plus or minus 2 …

Global Policy Growth Inflation Rate Rbi Fiscal
Union Budget 2022: All you need to know
2 years, 10 months ago

Union Budget 2022: All you need to know

Live Mint  

As Union Finance Minister Nirmala Sitharaman is scheduled to present her fourth Union Budget for the next financial year tomorrow, all eyes would be on how the Centre balances out populist measures while walking the tightrope of fiscal consolidation. After getting the nod from the cabinet, Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23 in a paperless form …

India Budget Spending Minister 2022 Include Nirmala Sitharaman
A Budget that doubly punishes victims of the pandemic
3 years, 10 months ago

A Budget that doubly punishes victims of the pandemic

The Hindu  

The Budget was placed in the midst of an unprecedented economic downturn. With the reduced deficit targets for the Budget estimate and inadequate rise in receipts, Figure 2 shows the sharp fall in the Budget estimate of primary expenditure as compared to the present level. Using the RBI’s estimated expenditure multipliers, an Azim Premji University working paper by this author …

India Pandemic Corporate Tax Budget Indian Revenue Receipts
No Change in Tax Structure a Sign of Swift Fiscal Consolidation: Budget 2021 gets a Thumbs Up From Industry Experts
3 years, 10 months ago

No Change in Tax Structure a Sign of Swift Fiscal Consolidation: Budget 2021 gets a Thumbs Up From Industry Experts

News 18  

Surprising everyone, especially the markets which closed with the biggest Budget-day gains of 5 per cent, the Union Budget 2021 left all taxes unchanged barring for some cess to fund the farm sector or increase any direct taxes. EY India’s Sudhir Kapadia said no major changes in the design or rates of direct taxation signals strong resolve to have stability …

India Tax Budget Companies Income Capital Capital Gains
Union Budget 2021: Govt should introduce framework for fiscal consolidation of infra firms
3 years, 10 months ago

Union Budget 2021: Govt should introduce framework for fiscal consolidation of infra firms

Firstpost  

The promise of a Budget like ‘never before’ by the finance minister seems to be apt with the daunting task of addressing issues caused by COVID-19 pandemic i.e. While the government spend on infrastructure has taken a backseat due to the allocation of funds for the pandemic package, a new door has been opened by allowing insurance companies to fund …

India Infrastructure Tax Infrastructure Projects Budget Companies Projects