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Divergence in revenue estimates due to early Budget or lack of discipline?

Read more about Divergence in revenue estimates due to early Budget or lack of discipline? on Business Standard. Provisional actuals of the Budget for 2020-21 have once again varied sharply from the revised estimates. The variation provides fiscal cushion, but also raises several questions
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India Fiscal Deficit Stands At 9.3% Of GDP in FY21

The fiscal deficit stood at 9.3 per cent of the Gross Domestic Product (GDP) in the last fiscal, better than 9.5 per cent projected in the revised estimates in the Union Budget in February. Economic activities were severely hit in the last financial year due to the coronavirus pandemic as well as subsequent lockdowns and restrictions to curb the spread of infections. Releasing the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) on Monday sa...
Union Budget Gross Domestic Product Controller General Revised Estimates Capital Market Economic Impact Of The Covid 19 Pandemic

Centre's fiscal deficit for FY21 settles at 9.2% of GDP vs target of 9.5%

Read more about Centres fiscal deficit for FY21 settles at 9.2% of GDP vs target of 9.5% on Business Standard. This was on the back of better-than-expected revenue receipts with expenditure staying broadly at the level targeted in the revised estimates of the Budget
Aditi Nayar Madan Sabnavis Food Corporation Of India Controller General Revised Estimates Food Corporation

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Second COVID-19 wave impact is less enduring: Finance Ministry

Second COVID-19 wave impact is less enduring: Finance Ministry The report said that the fiscal position of the central government has witnessed an improvement in the recent months with a revival in economic activities during the second half of 2020-21. Share Via Email   |  A+A A- By Express News Service NEW DELHI: As the second COVID-19 wave induces lockdown in many parts and continues to claim lives, the finance ministry on Friday admitted it has posed a downside risk to economic act...
News Service Express News Revised Estimates Industrial Production செய்தி சேவை எக்ஸ்பிரஸ் செய்தி

Second Covid-19 wave poses a downside risk to economic growth: Finmin

The finance ministry on Friday said that the second wave of coronavirus (Covid-19) has posed a downside risk to economic activity in the April-June quarter of financial year 2022. However, it expects a muted economic impact as compared to the first wave. The finance ministry’s Department of Economic Affairs (DEA) in its Monthly Economic Review for April said “the second wave in India is witnessing a much higher caseload with new peaks of daily cases, daily deaths and positivity rates and ...
Department Of Economic Affairs Economic Affairs Monthly Economic Review Industrial Production Revised Estimates துறை ஆஃப் பொருளாதார வாழ்க்கைத்தொழில்கள்

Impact of COVID-19 second wave on economy to remain muted: Finance ministry report

Impact of COVID-19 second wave on economy to remain muted: Finance ministry report SECTIONS Last Updated: May 07, 2021, 03:43 PM IST Share Synopsis The fiscal position of the central government, it said, has witnessed an improvement in the recent months with a revival in the economic activities during the second half of FY2020-21. Getty Images The impact of the second wave of the coronavirus pandemic on the economy is likely to remain muted as compared to the first wave, the finance ministry sa...
Revised Estimates

Finance ministry report: Impact of Covid-19 second wave on economy to remain muted | India Business News

Representative image (AFP) NEW DELHI: The impact of the second wave of the coronavirus pandemic on the economy is likely to remain muted as compared to the first wave, the finance ministry said in its monthly economic report. Admitting that the second wave of the pandemic has posed a downside risk to economic activity in the first quarter of FY2021-22, the report said "there are reasons to expect a muted economic impact as compared to the first wave. Learning to operate with Covid-19, as borne...
Revised Estimates

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