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

How the FM can make it a 'never before' Budget. Top experts weigh in

The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020

Even if the government manages to collect the same tax amount in the last four months of FY21 as it did last fiscal, the total tax collection would be around Rs 18.6 lakh crore, almost 6 lakh crore lower than the budgeted estimate

Several studies throw up structural, logistical and financial challenges to the growth of crop insurance in India, jeopardised by apparent profiteering by insurance companies

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

RBI Governor Shaktikanta Das says MPC voted unanimously to keep policy repo rate unchanged at 4 per cent; changes its FY21 real GDP target to 7.5 per cent as compared to 9.5% contraction projected earlier

India Stock Market Highlights Today: HDFC twins, Reliance Industries were among the top losers and Tata Steel, Titan and Asian Paints were among the top gainers

A sharp increase in government expenditure in proportion to revenue collection, though, is not because govt has increased spending but because of poor revenue and disinvestment collections

Traders said market participants awaited Q2 GDP data to be released later in the day

India Stock Market Highlights Today: ICICI Bank, Airtel, Infosys, M&M were among the top losers today. On the other hand, Kotak Bank, NTPC, Maruti were among the top gainers

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

India Stock Market Highlights Today: Global equities were buoyed today as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment

As India marches from one economic disaster to another, policy and planning appear to be victims of whims and fancies as and when they strike

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

India Stock Market News Updates Today: SBI, IndusInd Bank and Kotak Bank were among the top Sensex losers today. On the other hand, HUL, ITC and L&T shares ended in green

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

In May, the Centre had announced a Rs 20 lakh crore 'Aatmanirbhar Bharat' stimulus to help the nation tide over the economic crisis induced by coronavirus

India Stock Market Highlights Today: Infosys, followed by Sun Pharma, Tech Mahindra, HCL Tech and TCS were among the top gainers on Sensex today. On the other hand, ICICI Bank, Power Grid, Axis Bank, HDFC, and ITC were among the laggards