The funding of the deficit is primarily going to be via market borrowing, National Small Savings Funds (NSSF), short term borrowings and drawdown of cash balances

The amount under litigation includes Rs 4.05 lakh crore in corporation tax, Rs 3.97 lakh crore stuck in income tax cases and another Rs 1.54 lakh crore on account of commodities and services tax, the note said

According to a note issued by Niti Aayog after the meeting, all the attendants agreed that high frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected

While India is firmly focused on AatmaNirbhar Bharat for a V-shaped recovery, its key fiscal numbers show the economy is slipping with falling capital expenditure, muted consumption and higher precautionary savings

This is a nebulous idea designed to mean anything and everything under the sun without the burden of economic logic, facts and evidence

Stimulus 3.0 package: The funding of these measures remains a key puzzle, as revenues are already behind target, while the government does not intend any further market borrowing, says Nomura

The Modern Monetary Theory Or MMT is the most talked about prescription for saving the world economy in a post pandemic world. The proponents of MMT theory suggest that the government should resort to printing more money to create full employment and not worry about fiscal deficit and higher debt levels. India's economic conditions or fiscal parameters, with fiscal deficit, trade deficit and current account deficit, are just not right to venture into something like MMT, to create full employment or  support growth. The higher debt under MMT will come back to haunt everyone in the form of higher inflation or taxes. Watch as Anand Adhikari, Executive Editor, Business Today, explains. Watch: Guarding against persistently low interest ratesWatch More: Time to regulate new -age NBFCs like Fintech and P2P players

FM Nirmala Sithraman while insisted that there is no dispute between the some of the states and the Centre on the issue, she admitted the Council is yet to reach unanimity on the issue of plugging the compensation gap

Speaking at a virtual event, Banerjee said the country's economic growth was slowing down even before the COVID-19 pandemic hit as real GDP growth had moderated from 7 per cent in 2017-18 to 6.1 per cent in 2018-19 and 4.2 per cent in 2019-20

Compensation receipt in Consolidated Funds of India was subject to reconciliation in coming months, as usual, in forthcoming financial year. If, for that reason, amount remained in Consolidated Fund, that can't be treated as \"diversion\", clarify ministry officials

BT's panel of experts on how to fire up the four engines of the economy - and where to find the money

The EPF interest rate can be credited into the accounts of over six crore subscribers of the EPFO for a particular financial year only after the finance ministry's nod

Acharya's comments came amid rising clamour for further rate cuts to help boost the economic recovery, even as headline inflation breached the 6 per cent level in June

\"The RBI has been expanding its balance sheet and it has been buying government debt. But effectively, in that process, what it is doing is borrowing from the banks at the reverse repo rate and lending on to the government,\" Rajan said

This concluding part narrates the circumstances in which market triumphed over state and spread from developed economies to developing economies, helping the top 1% to accumulate more wealth at the cost of the rest 99%

This is the second part of the series which focuses on some of the neoliberal ideas which have clearly failed and yet vigorously pursued and who are the proponents of these ideas

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

\"In all, from the total Rs 20.9 lakh package, the immediate fiscal slippage for the Centre will be a modest 0.8 per cent of the GDP,\" DBS economist Radhika Rao said

Partial opening of the economy would boost agriculture, (mostly rural) manufacturing, select construction and goods trade due to factors like postponed consumption; inventory restocking demand, and general growth buoyancy India tends to display, says HSBC

Budget 2020 taxes: Overall, it appears to be a balanced budget without rubbing the investors/taxpayers in the wrong way.The government has continued with its agenda of simplifying the tax structure for corporates and making it more transparent