Deficit

Merchandise imports at $176 billion were higher than $111 billion in exports in the first quarter of the fiscal, as exports had contracted compared with the previous year

Monsoon deficit caused driest August in 122 years, hampering farm prospects

With rainfall 33% below average impacting agriculture, reservoir water levels, and rural prospects, experts are calling for urgent mitigation measures

After surplus rainfall in July, monsoon may slip into a deficit zone this month

According to the data presented by the India Meteorological Department, rainfall went from an additional 15 in July to a negative 36% in August as 263 out 717 districts in India received inadequate rainfall.

Odisha records 31% deficient rain, situation likely to change this week: IMD

The state received deficient rainfall between June 1 to July 4 compared to the normal of 247.4 mm, it said.

PowerWatch | Country's power demand falls by 24 GW over the weekend

With rains predicted till May 3, the power demand is likely to remain below 200 GW until then.

Oil off the boil? Slipping crude prices brighten outlook for India amid global turmoil

Financial sector tensions have dealt a blow to oil demand outlook, but India finds herself in a macroeconomic sweet spot.

Joe Biden budget aims to cut deficits nearly $3 trillion over 10 years

That deficit reduction goal is significantly higher than the $2 trillion that Biden had promised in his State of the Union address last month. It also is a sharp contrast with House Republicans, who have called for a path to a balanced budget but have yet to offer a blueprint.

FY2023 fiscal deficit: FinMin monitoring daily receipts, expenses in March

Although the government is expected to meet the revised tax revenue estimates, meeting the Rs 50,000 crore target from disinvestment receipts could be a challenge.

White House: GOP plans would drive deficits up $3 trillion

Ahead of Biden's remarks to union workers Wednesday in Lanham, Maryland, the White House issued a fact sheet that questions the GOP's sincerity on deficit reduction.

Budget 2023 likely to push spending to support growth, while lowering deficit

Budget 2023: Although the government faces elections in key states this year and a national vote in 2024, the budget is unlikely to offer major relief to households due to fiscal constraints, officials have said, while noting that the budget would focus on long-term growth.

India central bank governor says current account deficit manageable

India's average current account deficit stands at 3.3% of GDP for the first six months of 2022/23.

Budget 2023: Should Rein In Fiscal Deficit And Boost Consumption, Says HDFC Bank Chairman

How will the government manage its fiscal math? Atanu Chakraborty, Chairperson of HDFC Bank, sits down with Shweta Punj of Moneycontrol to discuss China plus one, recessionary fears, low tariff barriers, outlook on the rupee, steps for formalisation and digitisation in the banking sector, expectations from Budget 2023 and more. Tune in!

Silver heads for biggest deficit in decades, Silver Institute says

Use of silver by industry, for jewellery and silverware and for bars and coins for retail investors were all forecast to reach record levels, the institute said.

Current account deficit likely to be lower at 3% this fiscal, says SBI report

Every USD 10 increase in crude prices impacts the Current Account Deficit (CAD) to the tune of 40 basis points while the same on fuel inflation is 50 bps and also results in 23 bps decline in growth, according to Soumyakanti Ghosh, the chief economic advisor at SBI.

Controlling inflation, reducing volatility key to stabilising rupee, economists say

After reaching a record low of 77.14 to the dollar on March 7, the rupee has since gained to 76.25 as of March 16. This still represents a fall of 2.28 percent since the beginning of the year, when it was 74.51.

Higher deficit, lack of clarity on fiscal consolidation add risks to lowering debt: Report

The degree to which planned higher capex (capital expenditure) supports GDP growth and offsets these risks is an important consideration for the sovereign rating, the global rating agency said in a statement.

Tryst with destiny, planning and deficit financing

The Indian government has been able to wean itself off its addiction to deficit financing from the central bank only after liberalisation. Will it now go back to monetising deficits?

Policy |Govt must keep politics out of power sector to make India a $5-trillion economy

Nothing will change unless state electricity boards are revamped

Managing Macro | Continuing low inflation is not guaranteed

Aside from food inflation, there are other structural issues that can affect inflation outcomes in near to medium term.

Comment | How should India deal with China’s ambivalence towards Pak-sponsored terrorism?

India should avoid any knee-jerk reaction such as restricting Chinese imports and deal with the issue as a mature democracy.

3 Point Analysis | China “two sessions”: Deleveraging on halt

Sakshi Batra does a 3 point analysis of the highlights of the opening session.

Opinion | The Budget signals a bumpy ride for the market

The Budget held out the promise of spurring consumption but investors were left with heartburn after riding the fine print

Commodities@Moneycontrol: Roundup of key happenings in the market

Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.

Trade deficit with China a matter of concern: Nirmala Sitharaman

"Trade deficit with China is a matter of concern. We are discussing the issue with China for greater access for Indian products and services in the Chinese market," Commerce Minister Nirmala Sitharaman said during Question Hour.

April-Feb fiscal deficit at Rs 6.05 lakh crore, stands at 113% of FY17 estimate

Net tax receipts stood at Rs 8.85 lakh crore for the same period and for the month of February the deficit is seen at Rs 41,400 crore against Rs 40,600 crore (YoY).