Articles for Fiscal Discipline

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman
1 week, 2 days ago

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the government’s push for capital expenditure, while maintaining fiscal discipline, has not come at the cost of public spending, emphasizing that allocations for social welfare and education have increased significantly. Speaking at the Rajya Sabha, Sitharaman said the effective capital expenditure for the next fiscal year, 2025-26, is projected to be …

India Sitharaman Pli Trillion Fiscal Capex Fiscal Discipline
Government, RBI, FC should work together to enforce fiscal discipline in states: NCAER
1 month, 2 weeks ago

Government, RBI, FC should work together to enforce fiscal discipline in states: NCAER

The Hindu  

The Union Government, RBI and Finance Commission should work together to enforce fiscal discipline in states, a research paper by the National Council of Applied Economic Research said. The paper titled ‘The State of the States: Federal Finance in India’ further said heavily indebted states could be given some debt relief in return for conceding the Central Government oversight. The …

India States Debt State Paper Rbi Fiscal
What foreign brokerages Nomura and UBS have to say on Union Budget 2025
1 month, 3 weeks ago

What foreign brokerages Nomura and UBS have to say on Union Budget 2025

Live Mint  

The Indian stock market experienced heightened volatility on February 1, 2025, following the announcement of the FY26 Union Budget by Finance Minister Nirmala Sitharaman. While the budget introduced substantial changes in income tax slabs, which aimed to boost middle-class consumption, market sentiment remained mixed due to concerns about the government’s reduced focus on capital expenditure. Foreign Brokerages on Budget 2025: …

Growth Budget Nifty Cent Ubs Fiscal Capex
Economic Survey 2025: Fiscal discipline improved ‘progressively’; States having better tax positions says CEA
Trending News
1 month, 3 weeks ago

Economic Survey 2025: Fiscal discipline improved ‘progressively’; States having better tax positions says CEA

The Hindu  

Chief Economic Advisor V. Anantha Nageswaran in the Economic Survey tabled on Friday observed that the Union Government’s indicators for determining fiscal discipline have improved “progressively”. However, the CEA held, despite an observed 10.7% year-on-year increase in gross tax revenues during the mentioned period: the tax revenues retained by the Union, net of devolution to the states, hardly increased. Own …

Tax States Union Revenue Survey State Orr
From Fragile Five to First Five: India's journey of fiscal consolidation
2 months ago

From Fragile Five to First Five: India's journey of fiscal consolidation

Live Mint  

Fiscal discipline is a cornerstone of economic stability for any country, and India is no exception. In an era of escalating geopolitical uncertainties and changing trade dynamics, maintaining fiscal discipline has become increasingly critical to shield economies from external shocks and ensure confidence among global investors. India realized the importance of a controlled fiscal deficit when India was declared as …

India Spending Gdp Deficit Fiscal Discipline Fiscal Consolidation Consolidation Fiscal
Guest Column| 16th finance commission: Neutral arbiter with unique opportunity
8 months ago

Guest Column| 16th finance commission: Neutral arbiter with unique opportunity

Hindustan Times  

The President of India constituted the 16th Finance Commission under Article 280 of the Constitution to make recommendations on the distribution of net tax proceeds between the Union and the states, the allocation between the states of respective shares of such proceeds, grants-in-aid to the states, and measures needed to supplement the resources of the local bodies during the award …

Constitution Tax States Resources Recommendations Centre Rbi
Guest Column| 16th finance commission: Neutral arbiter with unique opportunity
8 months ago

Guest Column| 16th finance commission: Neutral arbiter with unique opportunity

Hindustan Times  

The President of India constituted the 16th Finance Commission under Article 280 of the Constitution to make recommendations on the distribution of net tax proceeds between the Union and the states, the allocation between the states of respective shares of such proceeds, grants-in-aid to the states, and measures needed to supplement the resources of the local bodies during the award …

Finance Constitution Tax States Resources Centre Rbi
Budget 2024 creates a template for reforms in Modi 3.0
8 months ago

Budget 2024 creates a template for reforms in Modi 3.0

Firstpost  

This year’s Budget stands out for its balanced approach, focusing on fiscal discipline, capital expenditure, regulatory simplification, job creation, and next-generation reforms, aiming to stimulate high growth and employment Budgets have long been spectacles of grand announcements and symbolic gestures. Additionally, the budget aims to enhance women’s workforce participation through infrastructure support and specialised skilling programmes, and to upgrade 1,000 …

Employment Tax Reforms Capital Job Creation Lakh Nda
Expectation of major Truss U-turn grows as pressure on PM builds
2 years, 5 months ago

Expectation of major Truss U-turn grows as pressure on PM builds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Speculation was fuelled further when the Chancellor, in an …

Markets Tax Corporation Tory Amid Corporation Tax Ms Truss
Kwasi Kwarteng WON'T rethink tax-cutting Budget
2 years, 5 months ago

Kwasi Kwarteng WON'T rethink tax-cutting Budget

Daily Mail  

But former Tory Chancellor Ken Clarke this evening slammed budget as 'catastrophic' and 'a serious mistake' City minister Andrew Griffith also sent out today to insist the Treasury is going to 'get on and deliver that plan' But Kwasi Kwarteng has insisted he will not be rethinking the budget in the face of the plummeting Pound IMF has criticised the …

Government England Wales Markets Ukraine Market Financial
EC writes to NITI Aayog vice-chairman Rajiv Kumar, asks him to explain comments against Congress' minimum income scheme plan
6 years ago

EC writes to NITI Aayog vice-chairman Rajiv Kumar, asks him to explain comments against Congress' minimum income scheme plan

Firstpost  

In an interview, and on his Twitter, Rajiv Kumar had accused the Congress of promising the moon to win elections. The Election Commission has reportedly written a letter to NITI Aayog vice-chairman Rajiv Kumar asking him to explain his remarks criticising the Congress party over its pre-poll minimum income guarantee promise. He had also tweeted, saying “The proposed income guarantee …

Congress Party Income Win Twitter Scheme Kumar
It’s not just FEMA: ICE quietly got an extra $200 million
6 years, 6 months ago

It’s not just FEMA: ICE quietly got an extra $200 million

CNN  

Washington CNN — As a potentially catastrophic hurricane bears down on the East Coast of the US, the shifting of $10 million from FEMA’s operating budget to fund immigration detention and deportations is drawing condemnation from Democrats. The Trump administration this summer quietly redirected $200 million from all over the Department of Homeland Security to Immigrations and Customs Enforcement, despite …

Security Money Budget Congress Detention Ice Republican
UPA government's policies to promote growth led to macroeconomic instability, claims Arun Jaitley
6 years, 7 months ago

UPA government's policies to promote growth led to macroeconomic instability, claims Arun Jaitley

Firstpost  

Jaitley has citied data on fiscal deficit, bank credit growth, inflation and current account balance from 1999 to 2017-18 to support his argument. New Delhi: Union Minister Arun Jaitley on Sunday said policies of the UPA to promote growth led to macroeconomic instability, as he joins the debate over the back series data indicating better economic performance during the Manmohan …

Global India Economy Growth Upa High Period
Budget 2018: Fiscal discipline has taken a backseat, says Indian economist of Cornell University
7 years, 1 month ago

Budget 2018: Fiscal discipline has taken a backseat, says Indian economist of Cornell University

Firstpost  

Fiscal discipline has taken a backseat in the latest annual Indian Budget which contains many tinges of populism, noted Indian economist Eswar Prasad said Washington: Fiscal discipline has taken a backseat in the latest annual Indian Budget which contains many tinges of populism, noted Indian economist Eswar Prasad said on Friday. “Fiscal discipline has taken a backseat in this Budget, …

Health Budget Indian Care Pti Biswal Rishi
Moody's India upgrade after 13 years will strengthen our resolve for fiscal discipline: Arun Jaitley
7 years, 4 months ago

Moody's India upgrade after 13 years will strengthen our resolve for fiscal discipline: Arun Jaitley

Firstpost  

On Moody’s upgrading India to Baa2 from Baa3, Jaitley said it is a recognition that India continues to follow path of fiscal prudence New Delhi: Finance Minister Arun Jaitley on Friday termed the upgrade of India’s credit rating by Moody’s after a gap of 13 years as a “belated recognition” of reforms in the last few years, and vowed to …

India Recognition 13 Years Fiscal Upgrade Jaitley Fiscal Discipline
What sort of new FRBM do we need
7 years, 11 months ago

What sort of new FRBM do we need

Live Mint  

Singh committee to review the Fiscal Responsibility and Budget Management Act, 2003, has produced an excellent report on future reforms in this important area. The chief economic adviser in his dissent note had favoured a more gradual decline which would take the fiscal deficit down to 2% in 2022-23 and reduce the debt ratio more sharply to 35.7%. Perhaps the …

Growth States Debt Rules Committee Target Deficit
What sort of new FRBM do we need
7 years, 11 months ago

What sort of new FRBM do we need

Live Mint  

Singh committee to review the Fiscal Responsibility and Budget Management Act, 2003, has produced an excellent report on future reforms in this important area. The chief economic adviser in his dissent note had favoured a more gradual decline which would take the fiscal deficit down to 2% in 2022-23 and reduce the debt ratio more sharply to 35.7%. Perhaps the …

Growth States Debt Rules Committee Fiscal Fiscal Rules
Why deteriorating state finances should worry us
7 years, 11 months ago

Why deteriorating state finances should worry us

Live Mint  

“I think it undermines an honest credit culture…overall government borrowing goes up, yields on government bonds also are impacted. Even though finance minister Arun Jaitley has said that the fiscal onus of loan waivers will be on states, it should worry the Central government as the chances of a credit-rating upgrade will diminish. Since state governments at the aggregate level …

States State Central Level Deficit Fiscal Expenditure
Stick to fiscal discipline, spend on infrastructure: Jaitley tells states
8 years, 11 months ago

Stick to fiscal discipline, spend on infrastructure: Jaitley tells states

Firstpost  

Arun Jaitley asked the state governments to spend effectively in such a manner that there is “optimum use of resources without leakages” New Delhi - Stressing that public expenditure is the main driver of growth, Finance Minister Arun Jaitley on Monday asked states to focus on infrastructure and social sector while staying on the fiscal discipline path. “There is more …

States State Centre Spend Fiscal Stick Finance Commission
Deciphering Raghuram Rajan’s next move
8 years, 11 months ago

Deciphering Raghuram Rajan’s next move

Live Mint  

All eyes are on Reserve Bank of India governor Raghuram Rajan as he gears up for the first bimonthly monetary policy meeting of FY17. It would make sense for Rajan to flag the challenges in ensuring further sustained decline in inflation towards 4% by early 2018, though the 5% mark by March 2017 appears achievable. Delayed US tightening is welcome, …

India Inflation Rate Rbi Cut Meeting Fiscal
Finance Minister Yoshihiko Noda is Japan's new PM
13 years, 6 months ago

Finance Minister Yoshihiko Noda is Japan's new PM

Firstpost  

Noda becomes PM by virtue of the ruling Democratic Party’s majority in Parliament’s lower house, which is due to approve his appointment on Tuesday. Japan’s ruling party chose Yoshihiko Noda to be prime minister, the nation’s sixth leader in five years. I don’t think Noda’s view on this is far from the government’s current position, which is to try to …

Japan Prime Prime Minister Minister Tokyo Fiscal Finance Minister