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Total 2056 results found. Search for [ Global fiscal deficit ]

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Anand Adhikari
New Delhi, June 8, 2021
The second covid wave has already impacted the pace of economic recovery as seen from the GDP downgrades by the Reserve Bank of India, global rating agencies, and other global institutions. Given the widening fiscal deficit and higher public debt, there is now a threat of a sovereign rating downgrade if another Covid wave hits the economy. The risk of a downgrade comes from a slowing growth momentum, widening fiscal deficit, higher inflationary pressure, and a stressed banking sector. The RBI's ability to pump in another liquidity bonanza like 8 per cent of GDP in the first pandemic year 20-21 is also not possible. The current fiscal deficit at 9.3 per cent of GDP for 20-21 is one of the highest in recent decades. The banking sector has entered the crisis with 8 per cent gross NPAs Post the second wave, the real stress in banks, NBFCs, and other entities are hidden because of regulatory forbearances especially loan moratorium, govt guarantees, and one-time loan restructuring. There is a lot on the government's shoulders to avoid a rating downgrade as it would have serious implications.Also Read: World Bank cuts India's FY22 GDP growth forecast to 8.3% from 11.2%

Anand Adhikari
June 4, 2021
The sudden call for deficit financing has gathered after the second Covid wave and its impact on the pace of economic recovery. The two successive years of Covid disruption have increased income inequality globally

Nevin John
May 25, 2021
The disinvestment plan includes sale of assets like BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans and Neelachal Ispat Nigam

Mudit Kapoor
New Delhi, May 7, 2021
During the past 12 months of the coronavirus pandemic, market capitalisation of major stock exchanges in the world increased by 49.5% ($37.4 trillion).

Ashutosh Kumar
May 7, 2021
The Finance Ministry report said that the fiscal position of the government has witnessed improvement with revival in the economic activities during the second half of 2020-21

Rai Vinaykumar
May 5, 2021
The rating agency said new infections during the second COVID-19 wave will peak in late June as per its 'severe' scenario, while they will peak in May as per its 'moderate' scenario.

Anand Adhikari
New Delhi, April 14, 2021
The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

Avneet Kaur
April 12, 2021
Today's market crash has triggered worries of a scenario like last year's when nationwide lockdown had left the stock market bleeding with benchmark indices plummeting around 40 per cent in a span of two weeks

April 8, 2021
India's debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said

Anand Adhikari
April 2, 2021
The RBI is trying its best to keep the interest rates low to support the economic recovery and also facilitate government's huge borrowing plan in 2021-22

April 2, 2021
Exports during April-March 2020-21, however, dipped by 7.4 per cent to $290.18 billion compared to $313.36 billion in 2019-20, the data showed

March 31, 2021
The Washington-based global lender, in its latest South Asia Economic Focus report released ahead of the annual Spring meeting of the World Bank and the International Monetary Fund (IMF), said that the economy was already slowing when the COVID-19 pandemic unfolded

March 29, 2021
The rupee is expected to average around 73.50-74 in FY22, as, despite a vaccine, the COVID-19 frenzy still persists and is likely to continue to grapple the foreign exchange market

March 24, 2021
Sitharaman said that under the Modi government, Indian economy has seen lower inflation, higher GDP growth, record foreign investments and lower fiscal deficit.

March 22, 2021
The ratings agency, in its latest Global Economic Outlook (GEO), anticipates the level of the country's GDP to remain well below its pre-pandemic forecast trajectory

Anand Adhikari
March 19, 2021
The 10-year government securities paper, which is a benchmark, has shot up from a low of 5.94 per cent to 6.21 per cent in the last two months. The cost of borrowing for state governments is also rising

March 15, 2021
Rajan also cautioned against a second wave of coronavirus cases and called for increasing the pace of vaccination.

BS Srinivasalu Reddy
New Delhi, March 3, 2021
Bank of America won by focusing on large Indian firms and multinationals

February 24, 2021
Saudi Arabia's Crown Prince and de facto ruler Mohammed bin Salman has put Public Investment Fund (PIF), Saudi Arabia's main sovereign wealth fund, at the centre of reforms aimed at diversifying the economy of the world's top oil exporter away from fossil fuel

Anand Adhikari
February 23, 2021
The central bank has taken a number of liquidity measures outside the MPC, which means a dilution of the MPC's role. The new arrangement agreed between the government and the RBI means a review of the inflation target and not the entire framework

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