Page 12 - Devendra Pant News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Budget, with its emphasis on capital expenditure and infrastructure projects, is a boost for capex-related companies but this has been tempered by a reduction in overall government expenditure in FY22. The latter could dampen the pace of consumer demand in the next fiscal year and is negative for companies in the FMCG, consumer durables, and automotive sectors. Gross Budgetary support for capital expenditure is up 26.2 per cent in the Budget estimates for FY22 compared to the revised estimates for FY21. The Budget has allocated Rs 5.54 trillion for capital expenditure in FY22 against t...

Story Budget 2021: Focus more on growth recovery; fiscal deficit may come down to 6.2% in FY22, says IndRa The 2021-22 budget is likely to project a fiscal deficit of 6.2 per cent but that will be achievable if nominal growth comes in around 14 per cent and real growth prints in at 9.5-10 per cent, India Ratings Chief Economist Devendra Pant said PTI | January 29, 2021 | Updated 08:27 IST Union Finance Minister Nirmala Sitharaman Indian Union Budget 2021-22: The forthcoming Union Budget should focus more on putting the economy back on track and not too much on arresting fiscal deficit, which...

Union Budget 2021 should focus on putting economy back on track, not on arresting fiscal deficit, says India Ratings The fiscal deficit falling to 6.2 percent will be achievable if nominal growth comes in around 14 percent and real growth at 9.5 to 10 percent, said India Ratings chief economist Devendra Pant Representational image. Mumbai: The forthcoming Union Budget should focus more on putting the economy back on track and not too much on arresting fiscal deficit, which is seen at 6.2 percent in 2021-22, down from 7 percent t...

Surabhi Mumbai | Updated on × The Centre’s subsidy bill for the current fiscal is likely to be higher than the budgeted ₹2.27-lakh crore by at least ₹40,000 crore, largely on account of higher spending on food and fertiliser. Data with the Comptroller General of Accounts (CGA) show that expenditure by the Department of Fertilisers touched 92 per cent of the budget estimate (BE) by November this fiscal, while spending by the Department of Food and Public Distribution has already exceeded the full year target to touch 108 per cent of the BE. Low oil prices helped contain the expenditure ...

Besides positive growth indicators, India-Ra also credited the improving coronavirus situation in the country behind the faster economic recovery. However, the agency continues to question whether it will be possible to sustain the pace of recovery after the festive season.