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Why fiscal deficit should be the least of worries for govt

Analysts say it's time to loosen strings & let fiscal deficit cross targetted 3.3% until economy is back on feet.

international monetary fund

Nov 18, 2019, 07.35 PM IST

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INTERNATIONAL MONETARY FUND

World goods trade may remain below trend in Q4 2019: WTO

The forecast does not augur well for India as the country's exports contracted for a third month in a row in October by 1.11 per cent to USD 26.38 billion.

Forex kitty continues to swell, touches a new high of $448 bn

The increase was mainly on account of a rise in foreign currency assets, a majo...

Forex reserve hits fresh high of $448 billion

In the previous week, the reserves surged by USD 3.515 billion to reach USD 446.098 billion.

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  • Kotak PE and OrbiMed together that hold 23% stake in Mumbai-based biopharma company Bharat Serums and Vaccines (BSV) are exiting through this sale. The rest of the stake is with the Daftary family who are relinquishing control but will stay on as a minority partner, said people in the know. Advent will become the largest shareholder in the company.

    According to the Central Bureau of Investigation (CBI) case filed before a Ranchi special court, former deputy director R B Ram (now deceased) and the then KVIC executive Sunil Kumar allegedly entered into a criminal conspiracy with certain individuals and violated company procedures, including the General Financial Rules (GFR), and released payments to the tune of Rs 2.85 crore.

    Das is responsible for monetary policy, an exchange rate that’s near historic lows, supervising banks that carry one of the world’s biggest bad-debt loads, and selling bonds the government relies on to fund its yawning deficits. Most major central banks have only one or two of those duties.

    A team of the IMF met with top officials of Naveen Patnaik’s government recently to review the state’s Public Finance Management system. Under a tripartite agreement, the IMF's South Asia Training and Technical Assistance Center is helping state to move towards a multi—year budgeting system based on more real and forward looking fiscal projections.

    As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements. While Adani is buying 13.5 per cent stake in Mumbai International Airport from Bid Services Division, the rest 10 per cent has been acquired from ACSA, as per the notice said.

    “The terms for JDs (joint developments) are more favourable in the current market. Earlier we would buy large land parcels of 50 acres and build large projects, but now the focus is on smaller projects with quick turnaround,” said managing director Ram Walase.

    The former finance minister's remarks come after a media report cited the latest consumption expenditure survey by the National Statistical Office (NSO) to claim that consumer spending fell for the first time in more than four decades in 2017-18, primarily driven by slackening rural demand.

    Many unbanked borrowers avail credit from NBFCs & later use their track record to become bankable.

    Writing in his 2017 memoir, Biden said Ukraine gave him a chance to fulfill a childhood promise to make a difference in the world. It also came to serve a political purpose, as “a legacy project, something he could run on,” said Keith Darden.

    Since its launch back in 2017, Smarten Spaces has developed end-to-end AI platform to disrupt a $19.9 billion smart space industry with focus on enterprise offices, real estate developers, coworking, co-living and other spaces of work and leisure.

    "The CBI on Friday conducted searches at the offices of Amnesty International India Private Limited and Indians for Amnesty International Trust in Bengaluru and New Delhi," said Amnesty India in a statement.

    The index formed a similar indecisive candle on the weekly scale. A hold above 11,850 level is a must for any upside.

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