Labour promises, such as free broadband and a pensions bailout for women born in the Fifties would eviscerate public finances, destroy our credit rating and lead to a run on the pound.

Here's a selection of Business Standard Opinion pieces for the day

Here's a selection of Business Standard opinion pieces of the day

Real annual GDP accelerated in Jul-Sept to 7.4% from 7%. But, growth of nominal GDP slowed sharply to 6%

: Chief Minister of Puducherry V Narayanasamy on Saturday urged Prime Minister Narendra Modi to appoint an expert committee to help states overcome the fiscal situation in the wake of the COVID-19 lockdown. He told reporters here that he had written a letter to the Prime Minister urging him to constitute immediately the expert committee to go into the poor fiscal condition of the states during the current lockdown and help mobilise funds to meet their commitments. The expert committee should be given a time-frame of one week to come out with its recommendations as to how the Centre could help the states wriggle out of the fiscal crisis and how States could rise to the exigency, he said. Narayanasamy hoped the Prime Minister would consider his suggestion and take appropriate action. "I am speaking candidly and making the suggestion for all states which no BJP-ruled state Chief Ministers will express,", Narayanasamy a former Central Minister, said. Already, he said, ...

The Prem Singh Tamang government in Sikkim has decided to reduce the salaries of the chief minister and ministers by 35 per cent for the next one year to mitigate the adverse impact of the coronavirus pandemic on the state's economy. As per decisions taken at a cabinet meeting presided over by the chief minister on Friday, utilisation of discretionary funds of the ministers have also been put on hold. The state government has decided to impose a ban on appointments under regular/work-charged/muster roll/adhoc/consolidated pay/ temporary basis for six months, a press release issued by the Information and Public Relations department said. The state government has also decided to impose a ban on replacement and purchase of new vehicles, computers and peripherals while the allocation under revenue expenditure in all departments will be curtailed by ten per cent. Among other things, there will be restrictions on advertisement or publication of notice inviting tender except ..

The Tamil Nadu government on Saturday set up a high-level committee headed by former Reserve Bank of India governor C Rangarajan to examine fiscal challenges facing the state owing to the COVID-19 pandemic and suggest the way forward to improve its fiscal position. The committee, which will also consist of Finance Secretary S Krishnan as coordinator, will submit its report to the government within three months, according to a Government Order. The committee, with 21 members, would assess the overall immediate and medium term impact of the COVID-19 pandemic on different sectors of the state's economy including the impact of lockdown, additional costs and implications due to social distancing and their precautionary measures. Also, it would assess the opportunities and threats in the short and medium term, suggest measures required to help the important sectors of the economy to overcome the impact of the virus pandemic. Apart from identifying specific reform measures to ..

In the second in a series of two articles, Jayaprakash Narayan discusses on the connection between the fiscal crisis and decentralization of political power.

The govt on Friday said it will borrow about Rs 12 lakh crore from the market in fiscal year 2020-21, an increase of Rs 4.2 lakh crore, or 54% jump over the Budget estimate of Rs 7.8 lakh crore. This, the economists said will push the fiscal deficit from 3.5% for 2020-21 to 5.5%. The decision for higher borrowing has also been prompted by severe loss of govt revenues.

India has provided a stimulus which doesn’t even equal a percent of the country’s GDP when other countries have already pumped funds far in excess into their respective economies.

Analysts agree that Covid-19 pandemic will lead to an increase in bank's gross non-performing assets with some reports pegging the stock to double as well.

In March, the government announced a Rs 1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19.

The government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.

The ratings agency said it expected India to see no growth in financial year 2021 and bounce back to a 6.6% GDP growth in FY22.

Despite crude prices trading at a two decades low, the government had earlier this week hiked excise duty on petrol by Rs 10 a litre and on diesel by Rs 13 a litre to mop up nearly Rs 1.6 lakh crore in additional revenue this fiscal.

According to the Tamil Nadu government, the committee comprises economists, industrialists, vice chancellors, bankers, government officials and others.

Moody's Investors Service, a global rating agency, said that Adani Ports and Special Economic Zone Limited's (APSEZ) (Baa3 stable) results for fiscal 2018 are within Moody's expectations. In fiscal 2018, APSEZ's reported revenue of Rs 113 billion, up by 34

Markets would take back the drive if government does not live-up to the build-up expectations. This uptrend seems to be a short lived and may not be sustainable in coming days.

Pakistan's fiscal deficit will surge to 9% in the ongoing fiscal year, the country's de facto finance minister said on Friday, as its economy reels from the fallout of the coronavirus crisis.

Fiscal deficit looms in spite of quarterly bulge in tax receipt

Fiscal Deficit

CCH fiscalité met tout un univers de savoir à votre portée. Que ce soit le fruit du travail d'auteurs renommés ou l'expertise de nos fiscalistes en passant par l'apport de nos prestigieux partenaires, le domaine de la fiscalité est entièrement couvert

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Cette formation en ligne a une durée approximative de 60 minutes. Elle ne requiert aucun déplacement et vous avez la possibilité d'échanger avec votre formateur grâce à une ligne direct téléphonique sans frais (téléconférence).

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December 09, 2014 13h30 à 14h30 EST

Finance Minister P Chidambaram today presented the interim budget for 2013-14, in which he managed to contain the fiscal deficit for the current financial year at 4.6 percent, much lower than the targeted 4.8 percent. The current account deficit for ...

The Economic Survey today said slippage on fiscal deficit will be restricted to 0.2 percentage point this year as expenditure measures could offset the shortfall in revenue collections

Economic advisers in the Finance Ministry today projected India's GDP growth to recover to 6.1-6.7% in 2013-14 from estimated decade-low expansion of five% in the current financial year

Expressing disappointment over growth slowing to 5% this fiscal, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said that things would look up in next financial year.

Australia. Productivity Commission

In Kerala, Suzuki hopes to sell 10,000 units this financial year, Atul Gupta, Executive Vice-President (Sales and Marketing) told .

The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown.

Following the record hike in excise duty on petrol and diesel, the total incidence of taxation on auto fuels jumped to 70 per cent of the retail price. But the retail prices are not impacted as the hike completely wipes out the fall in crude prices.

India slid into the pandemic crisis in the backdrop of economic downslide; fiscal stimulus has to be structured

Slowdown in economic growth has taken a clear toll on revenue growth

She further said that many people have been speculating that the fiscal deficit would cross 4%

India's GDP growth is expected to slip to a decadal low of 5 per cent this fiscal, pressured by domestic factors like drop in consumption, as well as global issues

He did not think that the move will crowd out borrowings of the private sector, saying demand of the government and the private sector are not contradictory in these circumstances

Although, a gross tax revenue expansion of 12 per cent seems reasonable in light of the 10 per cent growth expected in the nominal GDP in FY20-21, the revenue assumptions made for FY20 seem aggressive

Achieving 10 per cent nominal growth and 1.2x gross tax revenue buoyancy appears stretched

The government on Friday announced raising its borrowing by over 50 per cent of Budget Estimate during the current fiscal. Additional borrowing means

Dewey Library - HJ2157.R43 2019

Dewey Library - HJ1441.F54 2021

Online Resource

Dewey Library - HJ3801.A47 2018

Complimentary: www.cch.ca/2015USBudget

On March 4, 2014, President Obama released a $3.9 trillion proposed fiscal year (FY) 2015 federal budget, with a mix of expanded child, family and education tax credits as well as some curbed tax preferences for higher income individuals and businesses. Funding for the proposed tax breaks would come from, among other proposals, taxing carried interest as ordinary income, extending payroll taxes to cover certain distributions from professional service companies, and restricting the availability of like-kind exchange treatment for real estate transactions. In conjunction with the budget, the Treasury Department also released its Green Book, providing explanations of the proposed budget.

CCH's Tax Briefing: Fiscal Year 2015 Budget Proposals provides you with a summary of the budget proposal.

Related Products

U.S. Master Tax Guide (2015)
INTERNAL REVENUE CODE: Income, Estate, Gift, Employment and Excise Taxes (Winter 2015 Edition)
Income Tax Regulations (Winter 2015 Edition), December 2014 (U.S.)
State Tax Handbook (2015)

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On February 20, 2020, Deputy Chief Minister O Paneerselvam who holds the finance portfolio, announced that an expert committee would be constituted to improve the tax: GSDP ratio of Tamil Nadu.