Discover and read the best of Twitter Threads about #FiscalDeficit
Most recents (8)
What factors to look for to understand which direction are #interestrates headed:
1. Total Credit in the system
2. Which gets divided into External and Internal
3. External focuses on #CAD
4. Internal: Private & Govt
5. Private - #CreditOfftake
6. Govt - #FiscalDeficit
1. Total Credit in the system
2. Which gets divided into External and Internal
3. External focuses on #CAD
4. Internal: Private & Govt
5. Private - #CreditOfftake
6. Govt - #FiscalDeficit
3. External :
#CAD (Current Account Deficit - difference between country's #Imports & #Exports) goes up, #imports become expensive, rupee depreciates, bringing in imported #inflation
- interest rate tend to go up
#CAD (Current Account Deficit - difference between country's #Imports & #Exports) goes up, #imports become expensive, rupee depreciates, bringing in imported #inflation
- interest rate tend to go up
4. Internal Credit
5. #PrivateSector - #Creditofftake goes up interest rates rise
6. Govt - #FiscalDeficit goes up interest rates rise
5. #PrivateSector - #Creditofftake goes up interest rates rise
6. Govt - #FiscalDeficit goes up interest rates rise
#MCOpinion: Fighting human emotions like greed, lust, and envy are very tough in a #StartUp ecosystem bonded with loose social contracts.
Read on 👇
moneycontrol.com/news/opinion/s…
#Unicorns #Investors
Read on 👇
moneycontrol.com/news/opinion/s…
#Unicorns #Investors
#MCOpinion: This ongoing #RussiaUkraineConflict is expected to accelerate the need & acceptance for #VDAs globally among ordinary citizens as a hedge when economic uncertainties rise.
Read more 👇
moneycontrol.com/news/opinion/r…
#Cryptocurrency #RussiaUkraine
Read more 👇
moneycontrol.com/news/opinion/r…
#Cryptocurrency #RussiaUkraine
#MCOpinion: States earn significant revenues from taxing #petroleum products. This is particularly true for the richer or the so-called industrialised states such as Tamil Nadu & Maharashtra.
Read more👇
moneycontrol.com/news/opinion/p…
✍️@gauravchoudhury | #FiscalDeficit #ValueAddedTax
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moneycontrol.com/news/opinion/p…
✍️@gauravchoudhury | #FiscalDeficit #ValueAddedTax
Q. What are fundamentals of economy?
A. GDP growth, unemployment rate, inflation rate, fiscal deficit of the govt, savings & investment rates in the economy, the domestic currency’s relative value against the US $, external debt, level of poverty & inequality, etc...
Read On👇
A. GDP growth, unemployment rate, inflation rate, fiscal deficit of the govt, savings & investment rates in the economy, the domestic currency’s relative value against the US $, external debt, level of poverty & inequality, etc...
Read On👇
India's falling #GDP growth in last 5 yrs
FY16-17➡️7.04%
FY17-18➡️6.12%
FY18-19➡️5.02%
FY19-20➡️4.2%
FY20-21➡️-7.3%
FY21-22 GDP growth forecast➡️8.3%
That means, India’s GDP growth over the 2 yrs (FY20-21 & FY21-22) to remain 0.50%
Strong fundamental of economy🤷♂️
Read On👇
FY16-17➡️7.04%
FY17-18➡️6.12%
FY18-19➡️5.02%
FY19-20➡️4.2%
FY20-21➡️-7.3%
FY21-22 GDP growth forecast➡️8.3%
That means, India’s GDP growth over the 2 yrs (FY20-21 & FY21-22) to remain 0.50%
Strong fundamental of economy🤷♂️
Read On👇
#UnemploymentRate was at a 45-year high in 2017-18.
As against the norm of 2%-3% unemployment rate, India started routinely witnessing unemployment rates close to 6%-7% in the yrs leading up to Covid. The pandemic made matters worse.
Strong fundamental of economy🤷♂️
Read On👇
As against the norm of 2%-3% unemployment rate, India started routinely witnessing unemployment rates close to 6%-7% in the yrs leading up to Covid. The pandemic made matters worse.
Strong fundamental of economy🤷♂️
Read On👇
A super simple thread to help everyone understand the concept of 'Fiscal Deficit' and what happens when government spends more than its receipts. 👇🧵
#fiscaldeficit #economics #financialliteracy
#fiscaldeficit #economics #financialliteracy
1. Let us understand everything bit by bit.
Say, Raju is a businessman. Now, like every businessman, Raju is ambitious and curious to know his profit. Hence, he keeps his accounts to calculate his profit.
Say, Raju is a businessman. Now, like every businessman, Raju is ambitious and curious to know his profit. Hence, he keeps his accounts to calculate his profit.
2. Throughout the year, his total revenue was Rs.10 lakh and his total expenditure was Rs.8 lakh. Hence, Raju is having profit or surplus of Rs.2 lakh.
A recent paper by Yu Yongding and Zhangyi on monetary financing in China:
mp.weixin.qq.com/s/ix7ANJ2j6iuU…
#monetarypolicy #fiscaldeficit #fiscalpolicy
mp.weixin.qq.com/s/ix7ANJ2j6iuU…
#monetarypolicy #fiscaldeficit #fiscalpolicy
In this paper, the authors first analyzed the impacts of two approaches to fiscal deficit financing (issuing government bonds and monetary financing), then further evaluated the possibility of adopting these approaches in China and their pros and cons.
They suggest China take the following order when choosing financing approaches: 1, issue government bonds to non-banking financial institutions (general public); 2, issue government bonds to commercial banks; 3, launch the Chinese version of QE; 4, monetary financing.
4QFY20 GDP is 3.1%,Vs market expectations of between 2.2%-2.4%
Overall FY20 GDP is 4.2%,in line with consensus
Positives in 4Q20 are👇
#Agriculture grew 5.9%,Vs 1.6% in 4Q19
#Mining grew 5.2%,Vs minus 4.8% in 4Q19
Power&Gas grew 4.5%,Vs minus
0.7%,QoQ
#GDP #Economy
#COVID19
Overall FY20 GDP is 4.2%,in line with consensus
Positives in 4Q20 are👇
#Agriculture grew 5.9%,Vs 1.6% in 4Q19
#Mining grew 5.2%,Vs minus 4.8% in 4Q19
Power&Gas grew 4.5%,Vs minus
0.7%,QoQ
#GDP #Economy
#COVID19
A moot point worth noting is,govt spending continues to be robust
#PublicAdministration grew 10.1% in 4Q20,Vs 10.9% QoQ and 11.6% YoY
#AchillesHeel is #Manufacturing, which de-grew by 1.4% in 4Q20,Vs minus 0.8% QoQ and minus 2.1%, YoY
#Services held up@4.4% in 4Q20,Vs 5.7% QoQ
#PublicAdministration grew 10.1% in 4Q20,Vs 10.9% QoQ and 11.6% YoY
#AchillesHeel is #Manufacturing, which de-grew by 1.4% in 4Q20,Vs minus 0.8% QoQ and minus 2.1%, YoY
#Services held up@4.4% in 4Q20,Vs 5.7% QoQ
#PrivateSector needs to revv up capex,now
That gov has put #Growth over all else&rightfully so,is evident from #FiscalDeficit of Rs 9.36 lakhCr,Vs 7.67 lakhCr,YoY
9.36 lakhCr is #fd of 4.59%,Vs estimate of 3.8%
Good bit is,#CapitalExpenditure by govt was steady@Rs 3.37 lakhCr
That gov has put #Growth over all else&rightfully so,is evident from #FiscalDeficit of Rs 9.36 lakhCr,Vs 7.67 lakhCr,YoY
9.36 lakhCr is #fd of 4.59%,Vs estimate of 3.8%
Good bit is,#CapitalExpenditure by govt was steady@Rs 3.37 lakhCr
Given the economic loss in Q1 as a result of the ongoing #COVID-19, even if China's growth rate is rapidly pulled to more than 5% in Q2, Q3 and Q4, it is difficult to achieve a growth rate of over 3% in the whole year without the implementation of unimaginable #stimuluspolicies.
But even so, China is likely to be the only major economy to see positive growth this year, according to CF40 Invited Member Liang Hong. mp.weixin.qq.com/s/Gzp9f_Tmm39V…
Whether China can recover from this shock in short term requires more efforts.
Anybody interested in #India's #Economy should take 30 minutes time out and listen to this interview. There is both sound, credible analysis of the problem AND an entirely logical policy prescription. #AltSarkar @PIB_Altsarkar @fek_le @Vidyut
thewire.in/video/watch-ce…
thewire.in/video/watch-ce…
A quick summary:
1. Our present problems can be traced back directly to the stupid, stupid move on Nov 8 2016 when 86% of the means of settlement of dues was taken out. Damn that #Demonetisation. We in #AltSarkar have to acknowledge it even if its defenders do not.
1. Our present problems can be traced back directly to the stupid, stupid move on Nov 8 2016 when 86% of the means of settlement of dues was taken out. Damn that #Demonetisation. We in #AltSarkar have to acknowledge it even if its defenders do not.
2. India's problem is a demand side problem. People have neither the free disposable cash now nor the confidence in their future to take a loan to go out and buy stuff.
3. You don't deal with a demand drop off by propping up supply side factors. #AltSarkar believes in logic
3. You don't deal with a demand drop off by propping up supply side factors. #AltSarkar believes in logic
