The great covid-19 recession

Covid-19 recession: New government spending key to economic revival

Net fiscal impact of the Rs 21 lakh crore economic package is likely to be between 0.75% and 1% of the GDP. Read more »

It’s a Catch-22 for finance minister Nirmala Sitharaman

The finance minister is left with few fiscal options to address the economic slowdown. Read more »
India's finance ministry to encourage bankers to take bold lending decisions.

Relax fiscal deficit curbs to tackle economic slowdown, state FMs tell Sitharaman

State governments led by Kerala, Bihar push for 4% deficit target, more funds to infrastructure. Read more »
Finance Minister Nirmala Sitharaman chaired the GST Council meet

Income tax rates: FM Nirmala Sitharaman hints at cuts, but there is hardly any room

The fiscal deficit overshot the annual target set by Nirmala Sitharaman in her maiden Union Budget in just seven months. Read more »
India facing economic slowdown

Moody’s cuts India rating; no reason to worry, says Modi government

If the GDP growth fails to pick up, the Modi government will find it difficult to narrow its budget deficit. Read more »