What is 'Fiscal Deficit'

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• Budget inclusive, will help consumption growth; PMAY will drive loan demand: SBI chief Dinesh KharaSBI chairman Dinesh Kumar Khara has praised the Indian budget for its inclusive approach and confidence in its potential to boost consumption growth. He said the budget will benefit banks through the Prime Minister Awas Yojana, which will boost credit growth and specific measures on loan recovery. Khara also highlighted the budget's focus on rural, employment, skilling, and tourism, and its commitment to narrow the fiscal deficit to 4.9%.
• Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: ExpertsThe 2024-25 Budget maintains fiscal prudence with Rs 48.20 lakh crore expenditure and Rs 11.11 lakh crore capital outlay, targeting a 4.9% fiscal deficit. Experts commend its focus on employment, education, IBC strengthening, and business ease. MakeMyTrip praises infrastructure enhancements for tourism. The Budget also supports startups through Mudra loan limits and other incentives.
• Rupee settles at record closing low as equity tax hikes hurt sentimentThe Indian rupee slipped to record lows on Tuesday as the government raising tax rates for capital gains from equity investments and on equity derivative trades hurt market sentiment.
• RBI bounty used for managing fiscal deficit and funding growthThe Reserve Bank of India (RBI) dividend has been used to manage the fiscal deficit and developmental projects in India. The dividend created fiscal space of 0.4% of GDP, which was increased by 0.2% of GDP to support agriculture, employment creation, and state governments. The remaining fiscal space was used to reduce the fiscal deficit by 0.2% of GDP to 4.9% of GDP.
• A fabulous budget but still not 10 out of 10, says Swaminathan Aiyar. Here's whySwaminathan Aiyar praises Nirmala Sitharaman's budget for reducing fiscal deficit, increasing capex, cutting long-term capital gains tax, and supporting FDI. Despite benefits to the middle class and political satisfaction, it leaves labor laws and pollution issues unaddressed. Aiyar gives it a 7 out of 10, noting the absence of Manmohan Singh-like policy changes.
• Budget 2024: Fiscal deficit target for FY25 cut to 4.9% of GDP; govt to beat FY26 goal, tooFinance Minister Nirmala Sitharaman announced that the government has reduced its fiscal deficit target for FY25 to 4.9% of GDP, down from the interim budget's goal of 5.1%. It aims to surpass its FY26 target of 4.5%. The overall expenditure for FY25 is now estimated at Rs 48.21 lakh crore, with capital spending outlay remaining at Rs 11.11 lakh crore as per the interim budget.
• Budget 2024: Sitharaman sticks to fiscal prudence, lowers fiscal deficit target to 4.9%Budget Fiscal Deficit Target: Finance Minister Nirmala Sitharaman aims to lower India's fiscal deficit to below 4.5% of GDP by 2025-26. The government has set a target of 4.9% for 2024-25, down from the previous 5.1%. Despite demands for more funds, tax relief, and strong tax collections, India maintains fiscal discipline to achieve economic growth goals.
• India benchmark bond yield flat in run up to budget; focus on FY25 borrowing planINDIA-MARKETS/INDIA BONDS-India benchmark bond yield flat in run up to budget; focus on FY25 borrowing plan
• Rupee nudges higher tracking Asian peers; India budget awaitedThe Indian rupee rose to 83.6250 against the USD, mirroring gains in Asian currencies like the Korean won. Focus is on Modi's budget at 11:00 a.m., targeting a 5.1% fiscal deficit. The rupee hit a record low due to local importers' dollar demand. The dollar index is at 104.2, forward premiums 1.74%. Pabari expects stabilization within 83.40-83.70 range.
• Shibani Sircar Kurian on 3 key factors to watch out for from Budget 2024​Our belief is that given tax buoyancy as well as the extra dividend that the government has received from RBI, there is room to support both infrastructure-led investment growth as well as support some amount of demand revival especially where mass consumption or bottom of the pyramid, rural is concerned, so that is going to be another key factor to watch out for.