Renu KohliThe evolving fiscal dynamics threatens to override September’s fiscal reforms and support actions. The government’s action, combined with monetary easing, were seen to spark a recovery from this quarter.But an intensifying resource crunch and its interplay with persisting economic weakness in October are an alarming sign. The fiscal policy is fast getting trapped between the need to restrain spending and yet boost demand or risk negating monetary stimulation.Close Fiscal slippage risks have increased due to a deepening revenue deficit which, in conjunction with fresh financing commitments and corporate tax giveaway, has brought the gap and absence of additional resource-mobilization plans into the spotlight. related news Macro Matters | Was consumer spending in 2017-18 really lower than in 2011-12? FM holds meeting on GST simplification; similar meetings across country on Dec 7 CBIC refutes reports of authorities seeking 18% GST levy on CEO, CXO … [Read more...] about Fiscal hit fears are for real. Where are resources for growth?