February 12, 2021 06:12 PM IST
This was on the back of further cooling down of food prices. Consumer Food Price Inflation (CFPI) was 1.89 per cent in January, data by the National Statistical Office showed.
- February 12, 2021 03:05 PM IST
Speaking on the fiscal roadmap of the government, the Finance Minister said: “We have not hurried to say that next year the fiscal deficit will come down to something which we will like to see. We are going to be careful about how we come down that fiscal path without affecting or creating any hurdles to growth.”
- February 10, 2021 01:48 PM IST
Food Corporation of India has been the biggest recipient of off-budget financing through NSSF loans. Finance Minister Nirmala Sitharaman stated in her Budget speech that the Centre would end this practice. Their extra-budgetary nature meant these borrowings did not figure in the fiscal deficit calculation and therefore did not paint an accurate picture of the economy
- February 08, 2021 06:39 PM IST
Economy in tatters, a raft of sectors batted by the virus crying for help, plenty of lobbying from all quarters. Yet the policymakers stuck to the task of creating a Budget affixed on growth goals. A behind-the-scenes look at what went into the making of Budget 2021.
- February 05, 2021 06:27 PM IST
“Right now it will be a government-owned DFI. It will be through legislation, which will also enable the setting up of private DFIs. There will be a provision that if in the later stages, the DFI wants to diversify its equity, it will be able to do that," Economic Affairs Secretary Tarun Bajaj told Moneycontrol.
- February 04, 2021 06:37 PM IST
In an interview with Moneycontrol, Krishnamurthy Subramanian also said the measures taken by the Modi government to deal with the latest economic crisis are less inflationary than interventions by previous governments, and that some 100 crore people may be vaccinated for free.
- February 03, 2021 10:06 PM IST
In an exclusive interview to Moneycontrol, Ajay Bhushan Pandey said that GST collections in the last couple of months have improved because of systemic changes undertaken by the department of revenue, without increasing tax rates.
- February 03, 2021 09:29 PM IST
Speaking to Moneycontrol, the Minister of State for Finance said that while the medium term fiscal deficit targets till 2025-26 seem challenging, the Modi government has had a proven track record of fiscal discipline.
- February 03, 2021 02:50 PM IST
There could be legitimate concerns over whether fiscal expansionism through capital expenditure would manifest the desired results. But over-optimistic projections and below-the-line accounting aren't any of them.
- February 03, 2021 10:33 AM IST
Expenditure Secretary TV Somanathan told Moneycontrol that the Finance Ministry had a rough cost of Rs 700 per person in mind. The budget allocation is just a part of what will be spent, as state governments and corporates will also allocate sums for the vaccination drive
- February 03, 2021 10:11 AM IST
RBI’s Monetary Policy Committee is forecast to leave the key policy rate unchanged, but watchers feel Union Budget 2021 could trigger policy changes.
- February 02, 2021 09:07 PM IST
In an exclusive interview with Moneycontrol, PC Mody said that committees like those on Direct Tax Code (DTC) were constituted in a certain context and with certain intent in mind and it's not essential that all the suggestions of such committees get implemented.
- February 02, 2021 08:43 PM IST
DIPAM Secretary Tuhin Kanta Pandey told Moneycontrol that while the names of two state-owned banks and one general insurance company to be privatised are yet to be decided, just announcing that PSBs are up for privatisation was a big statement of intent in itself.
- February 02, 2021 07:35 PM IST
Speaking exclusively to Moneycontrol in a post-budget interview, Expenditure Secretary TV Somanathan said it was a conscious decision by the government to invest in infrastructure projects which will create jobs rather than provide further handouts, as the former will have long-term benefits.
- February 02, 2021 08:54 AM IST
Union Budget 2021 LIVE: Union Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2021 and revised the expenditure target for FY 2021 at Rs 34.50 lakh crore. She allocated Rs Rs 2,23,846 crore for health, Rs 1.18 lakh crore for road infra, Rs 1,10,055 crore for Railways, Outlay over Rs 3 lakh crore for power and set the divestment target for FY22 at Rs 1.75 lakh crore, among other things.
- February 01, 2021 08:24 PM IST
Hours after Finance Minister Nirmala Sitharaman’s Union Budget 2021 speech, Principal Economic Advisor Sanjeev Sanyal, one of the architects of the Budget, spoke exclusively to Moneycontrol.
- February 01, 2021 07:12 PM IST
Finance minister Nirmala Sitharaman said the Centre is targeting a fiscal deficit of 6.8 percent of gross domestic product (GDP) for FY22, which will gradually come down to below 4.5 percent by FY26. This will require amendments to the Fiscal Responsibility and Budget Management Act
- February 01, 2021 04:36 PM IST
Moneycontrol's Ravi Krishnan discusses how Budget 2021-22 will impact the Indian economy.
- February 01, 2021 04:11 PM IST
Post-Budget analysis of FM Nirmala Sitharaman's Union Budget by market experts, and a team of Senior Editors at Moneycontrol. Watch how it will impact the economy and your investments, here's all you need know about #Budget2021
- February 01, 2021 03:36 PM IST
The increase was primarily led by Rs 35,000 crore allotment for COVID-19 vaccines and Rs 21,158 crore allocation to drinking water and sanitation. In addition to Finance Commission (FC) Grants of Rs 13,192 crore for health and Rs 36,022 crore for water and sanitation.
- February 01, 2021 02:59 PM IST
The gross market borrowing for FY 2022 is pegged at Rs 12.06 lakh crore, while the net market borrowing (for FY22) is pegged at Rs 9.25 lakh crore.
- February 01, 2021 12:58 PM IST
The Union Minister Nirmala Sitharaman also relaxed Income tax (I-T) filing for senior citizens above 75 years of age having only pension in the Budget 2021.
- February 01, 2021 12:07 PM IST
Finance Minister Nirmala Sitharaman, while reading out the Union Budget 2021-22, stated that the Centre will also provide Rs 2 lakh crore to states and autonomous bodies for capex.
- January 30, 2021 08:43 PM IST
In an interaction with Moneycontrol, Krishnamurthy Subramanian also said that the idea of a 'bad bank' was being discussed ahead of the Budget, and that a counter-cyclical fiscal policy was part of pre-Budget deliberations.
- January 29, 2021 06:50 PM IST
India’s services export growth moderated to 2.5 percent in 2019-20 from 6.6 percent in 2018-19 as receipts primarily on account of transportation, insurance and communication services