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A fiscal rule is a constraint on fiscal policy through numerical limits on deficits. Indian fiscal rules as per FRBM envisions fiscal deficit to GDP at 3 per cent. However in the post pandemic fiscal strategy, the fiscal glide path is envisioned at 4.5 percent by 2025-26.
Interview with Dr Lekha S. Chakraborty
(Professor and Chair, NIPFP NET-Website Committee, National Institute of Public Finance and Policy, New Delhi & Research Faculty Associate, The Levy Economics Institute of Bard College, New York)
In the Gender Kaleidoscope segment in Pragati, …
Since the 14th Finance Commission recommended that no new state should be accorded the SCS, the central government has repeatedly denied their demands.
With a coalition government at the Centre, the call for special category status (SCS) for Andhra Pradesh and Bihar has only got louder. …
The Special Category states receive special financial assistance and other benefits from the central government due to their unique developmental needs and challenges.
The clamour for the ‘Special Category Status’ for Bihar and Andhra Pradesh came back into the spotlight after the Janata Dal (United) …
The fiscal deficit target for FY25 in the midst of weaker nominal GDP growth and disinvestment shortfall will be below 6 percent, slightly around 5.2-5.5 percent. This fiscal glide path is crucial to reach the 4.5 percent fiscal deficit to GDP by 2025-26 .
Against …