Global Fiscal Measures

Finance Minister Nirmala Sitharaman on Saturday announced structural reforms for eight sectors, including introduction of commercial mining in coal and easier foreign investment norms for defence manufacturing. The moves came as the Finance Minister shared details of the fourth instalment of measures as part of the government's "Atma Nirbhar Bharat...

Countries have taken fiscal measures and central banks together injected a whopping USD 14 trillion as part of their efforts to mitigate the challenges posed by the novel coronavirus pandemic, the International Monetary Fund has said.

According to the global financial services major, the government will have to tread very carefully between the need for stimulating demand in a weak economic environment after demonetisation and continuing on the path of fiscal consolidation.

Japanese Prime Minister Shinzo Abe's cabinet approved 13.5 trillion yen ($132.04 billion) in fiscal measures on Tuesday as part of efforts to revive the flagging economy, with cash payouts to low-income earners and infrastructure spending.

RBI said there will be some offsetting downside pressures from tepid demand in the global economy, effective supply side measures by government keeping a check on food prices, and commendable commitment to fiscal consolidation.

The International Monetary Fund (IMF) on Saturday made out a case for Asian countries like India to adopt a supportive monetary policy and growth-friendly fiscal measures to combat the impact of global economic woes.

The data keeps pressure on policymakers to deploy additional fiscal and monetary stimulus measures to reflate an economy that is skirting another recession.

"The narrowing of the current account deficit in Q1 of FY13 highlights the reduced hurdle for rupee to perform. Indeed, given the ongoing strong momentum in domestic reforms, liberalisation, fiscal measures and global policy stimulus, we expect capital inflows to offset the dollar demand," the report said.

"India will see growth (measured at factor cost) increasing to 6.9, 7.2 and 7.4 per cent in fiscal years 2012-13, 2013-14 and 2014-15, respectively," the World Bank said in the report titled 'Global Economic Prospects'. However, it pointed out that if the situation in Europe deteriorates sharply, no developing region would be spared.

The Reserve Bank of India’s Macro- economic and monetary developments review for December 2011 quarter highlights that an absence of any structural measures to address supply bottlenecks means that the respite from inflation would be temporary. The growth outlook has weakened as a result of adverse global and domestic factors, says RBI.

Finance Minister Nirmala Sitharaman on Saturday announced structural reforms for eight sectors, including introduction of commercial mining in coal and easier foreign investment norms for defence manufacturing. The moves came as the Finance Minister shared details of the fourth instalment of measures as part of the government's "Atma Nirbhar Bharat...

Countries have taken fiscal measures and central banks together injected a whopping USD 14 trillion as part of their efforts to mitigate the challenges posed by the novel coronavirus pandemic, the International Monetary Fund has said.

According to the global financial services major, the government will have to tread very carefully between the need for stimulating demand in a weak economic environment after demonetisation and continuing on the path of fiscal consolidation.

Japanese Prime Minister Shinzo Abe's cabinet approved 13.5 trillion yen ($132.04 billion) in fiscal measures on Tuesday as part of efforts to revive the flagging economy, with cash payouts to low-income earners and infrastructure spending.

RBI said there will be some offsetting downside pressures from tepid demand in the global economy, effective supply side measures by government keeping a check on food prices, and commendable commitment to fiscal consolidation.

The International Monetary Fund (IMF) on Saturday made out a case for Asian countries like India to adopt a supportive monetary policy and growth-friendly fiscal measures to combat the impact of global economic woes.

The data keeps pressure on policymakers to deploy additional fiscal and monetary stimulus measures to reflate an economy that is skirting another recession.

"The narrowing of the current account deficit in Q1 of FY13 highlights the reduced hurdle for rupee to perform. Indeed, given the ongoing strong momentum in domestic reforms, liberalisation, fiscal measures and global policy stimulus, we expect capital inflows to offset the dollar demand," the report said.

"India will see growth (measured at factor cost) increasing to 6.9, 7.2 and 7.4 per cent in fiscal years 2012-13, 2013-14 and 2014-15, respectively," the World Bank said in the report titled 'Global Economic Prospects'. However, it pointed out that if the situation in Europe deteriorates sharply, no developing region would be spared.

The Reserve Bank of India’s Macro- economic and monetary developments review for December 2011 quarter highlights that an absence of any structural measures to address supply bottlenecks means that the respite from inflation would be temporary. The growth outlook has weakened as a result of adverse global and domestic factors, says RBI.