economy

Macro Meter | How the fiscal deficit has been managed

How India's fiscal deficit target has been achieved does little to boost credibility of the government's fiscal arithmetic

Govt may go easy on fiscal deficit target to spur growth: Official

"There's no way to deny a slowdown anymore. Tax collection targets are also unrealistic. In such a situation, the government may relax its fiscal deficit target to generate growth," the official said.

Expect Budget to focus on roadmap for regulatory changes: Deloitte

"Whenever elections deliver a thumping majority for a party, usually big bang reforms happen in the first year. This Budget could provide a roadmap for that," said Sidhwa.

Budget 2019: Nirmala Sitharaman meets state FMs

"The Centre has the responsibility of setting the direction of the economic growth while it is the responsibility of the states to implement," said Sitharaman.

FM Nirmala Sitharaman holds pre-Budget meeting with economists

The meeting was attended by Rajiv Kumar, Vice-Chairman, NITI Aayog, Subhash C Garg, Finance Secretary, Ajay Bhushan Pandey, Revenue Secretary, Rajiv Kumar, Secretary, DFS, Girish Chandra Murmu, Expenditure Secretary and KV Subramanian, CEA among others.

N Sitharaman meets stakeholders from social sector for pre-Budget meeting

The main areas of discussion included issues relating to health education, social protection, pensions and human development

Budget 2019 | Five long term measures to revive agriculture

India needs policies for sustainable and climate-smart agriculture.

Policy Point | The challenge of rising agri-commodity prices and a deficient monsoon

The government must create a balance between keeping the consumer prices under check and ensuring remunerative prices to all farmers.

Budget 2019 | Why an uptick in IIP will not reduce policy challenges

Ideas for stimulating growth need to go beyond increasing government expenditure.

Bimal Jalan panel to submit report on eco capital framework by June-end

In December last year, the central bank set up a committee on ECF, which was expected to submit its report within 90 days from the date of its first meeting

Budget 2019 | Why problems in the agrarian economy need long term solutions

Making PM-KISAN universal will solve the identification problem to an extent and make its implementation easier.

Budget 2019 | Two big challenges for the Finance Minister

Consumption slowdown should be a cause of concern as it was the last engine driving GDP growth.

Budget 2019 | Housing for All by 2022: Can this vision become a reality under Modi 2.0?

Affordable housing can be created by increased funding via the promotion of public-private partnership.

Divestment dept not keen on raising asset sale target set in February budget

In February, the government increased the disinvestment target to Rs 90,000 crore for the financial year 2019-20.

RBI to banks: Allow 4 withdrawals for basic savings deposit A/Cs

Budget 2019 | Expect a higher outlay for agriculture, rural sectors

On the ground, farming operations cannot be carried out without agricultural labour. Neither PM-Kisan nor the pension scheme has anything for them.

There is a need for reciprocal market access for Indian goods: Piyush Goyal

"The slowdown in global trade is of serious concern to all of us as it adversely affects economic growth, development and job creation," Goyal said.

Centre may consider tax cuts for products in highest GST slab

The economic slowdown has most states in favour of a tax reduction to boost demand.

Policy Point | How market reforms can tackle agrarian distress

Agricultural market reforms have been stuck in the middle for 15 years as it is a state subject.

Why greater flexibility will not help resolve stressed assets

Resolution inevitably requires large haircuts and bankers, especially in the public sector, are often not willing to take such decisions.

Budget Snapshots | Allocations for affordable housing will determine if action matches intent

The success of the scheme depends on the total amount disbursed by the Government over the life of the scheme.

CBIC to pitch for a downward revision of FY20 GST collection target

"So far, the collection target has been ambitious. We need to set more realistic targets," a senior Finance Ministry official said.

Monetary Policy | RBI tilts to support growth

MPC strongly signaled the opening of space for deeper and continuing easing by unanimously voting to both cut the repo rate and change the policy stance.

Monetary policy | Focus will now shift to transmission

Further reduction in rates would be a function of negative growth surprises, compared to RBI’s projections.

Monetary Policy | Third consecutive rate cut to support growth

Given the trajectory of growth and inflation, there still is room for another 25 bps cut over the next two meetings.