The government further said the gross tax revenue as a per cent of GDP is expected to increase to 12.1 per cent of GDP in 2019-20 and stabilise at that level in 2020-21 before climbing up to a......
Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings. Illustration: Dominic Xavier/Rediff.com In......
The government has utilised 'escape clause' under the FRBM Act which provides it leeway for relaxation of fiscal deficit roadmap during time of stress. Illustration: Uttam Ghosh/Rediff.com The......
There are various estimates of India’s debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year. Illustration: Uttam......
'But can it afford to present a scenario within the existing legal framework of fiscal consolidation?', asks A K Bhattacharya. Illustration: Dominic Xavier/Rediff.com Taxation and spending......