'Anyone can string together a few alliterative words, but are they a substitute for serious thought?' 'And do they make for a strategy or plan for coherent action?' asks T N Ninan.
If the government cuts wasteful expenditure as it is trying now, the deficit would at most fall to 8 per cent, not less than that.
Guvt plans to bring down the fiscal deficit to 4.8 per cent in the next fiscal, 4.2 per cent in 2014-15, 3.6 per cent in 2015-16 and to three per cent in 2016-17.
Stating that a weak fiscal position continues to constrain India's sovereign ratings, Fitch said the next government's medium-term fiscal policy will be of particular importance from a rating perspective.
Fitch Ratings director Thomas Rookmaaker said India's debt-to-GDP ratio is likely to rise to 76 per cent from 70 per cent currently due to wider fiscal deficit and low economic growth.
India's sovereign rating could be cut if the government loosens fiscal policy in the run-up to elections, says Fitch.
The agency has predicted that monsoon will also be a major factor.
Bold reforms and prudent monetary and fiscal policies by the incoming Narendra Modi government will help the economy to grow at 6.5-7 percent, says a report.
RBI may think twice before agreeing with suggestions of a rate cut.
The government on Monday lowered the growth projection for the current financial year to 5.7-5.9 per cent from 7.6 per cent estimated earlier, while pitching for supportive monetary and fiscal policies to improve investor confidence.
The bigger worry is that its effects could linger well into the next financial year.
'India's sizeable foreign exchange reserves should serve as a buffer.'
Growth is the only way poverty can be reduced, says JPMorgan Chase's Jahangir Aziz.
Governments in economies of all sizes and at all stages of development are struggling with the tax policy choices available to them.
'India is possibly the most fiscally constrained market in the region.'
Major gainers in the Sensex pack were Hero Motocorp, which rallied 7.01 per cent, followed by Bharti Airtel (6.69 per cent), Yes Bank (5.30 per cent), Adani Ports (4.90 per cent), Tata Steel (3.75 per cent) and Bajaj Auto (3.70 per cent).
The SBI report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.
India's fiscal policy is not supportive of monetary measures that the country's central bank is employing to fight rampant inflation, the prime minister's honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern.
Gerard Lyons, chief economist and group head of research, Standard Chartered Bank, says that much will depend on monetary and fiscal policies undertaken.
The ratings are opinions that reflect the ability and willingness of the rated entity to meet financial obligations.
'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.
Sitharaman exhorted the states to work together with the Centre, stating that while the Union government sets the direction of economic growth, it is for the states to ensure effective implementation on the ground.
Prime Ministers Modi and Abe enjoyed a close and empathetic relationship and this certainly gave a sustained momentum to the India-Japan strategic partnership. It is necessary for India to reach out and engage with his successor as early as possible, advises former foreign secretary Shyam Saran.
Inflation in food articles basket was 6.99 per cent In May, 2019, down from 7.37 per cent in April. However, onion prices spiked in May with inflation at 15.89 per cent, as against (-) 3.43 per cent in April.
Rangarajan's reaction came after the release of the latest data, which showed headline inflation going up to 9.06 per cent in May from 8.66 per cent in April on the back of rising prices of manufactured products and petrol.
With high prices remaining a concern, Prime Minister's Economic Advisory Council chairman C Rangarajan on Wednesday said all policy measures, like rate hikes and intervention in grain markets, will be undertaken to bring down inflation to comfort zone of 4-5 per cent.
Bold reform measures to sustain high growth trajectory figure high.
'There is a time for lowering one's expectations of the economy -- and therefore not trying to do too much in the Budget,' notes T N Ninan.
The economic growth is likely to moderate to 6.1 per cent, slowest in over seven quarters, from 6.6 per cent last year same period.
As of December 2018, a total amount of Rs 51,513 crore has been infused into PSBs.
Moody's Investors Service on Friday projected India's growth at zero per cent for the current fiscal and said the negative outlook on sovereign rating reflects increasing risks that GDP growth will remain significantly lower than in the past. The outlook also partly shows weaker policy effectiveness to address economic and institutional issues, it noted in the update to its November 2019 rating forecast.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
One of the finest minds on foreign exchange management, monetary and fiscal policies, on debt and currency markets, on bank management and governance, and indeed on almost every aspect of modern finance and banking passes into the ages.
India will have to devise policies to ensure overall growth in FY16.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
The proposed four per cent inflation target is onerous, considering India is currently battling near-double-digit increases in prices.
The European Commission has unveiled plans for a radical reform of the European Union's economic governance to tackle the underlying causes of the current debt crisis in the euro area.
Subbarao's annual statement will be of unusual interest this year
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
As he left for the G-20 Summit in Toronto, Prime Minister Manmohan Singh ion Friday cautioned that the global economic recovery is 'still fragile and uneven' and asked world leaders to calibrate exit strategies in the light of growing concerns over expansionary fiscal policies.
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