"This is a silly comparison...suggestions of any parallels between India and Sri Lanka currently are laughable," Panagariya said
The government is taking steps to deal with the spiralling crude oil prices in the international market
The fiscal deficit was at 8.2 per cent of the Budget Estimate (RE) of 2021-22 during the corresponding period
As per the report, the central deficit is expected to be at 6.7 per cent and states' at 3.5 per cent in the current fiscal.
Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) said that the fiscal deficit in the...
The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government.
In the last financial year, the fiscal deficit or gap between the expenditure and revenue was 76 per cent of the Revised Estiamate (RE) of 2020-21.