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  1. You Are At:
  2. English News
  3. Topic
  4. Fiscal Deficit

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  • Report on banks' debt capital

    Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report

    Business | January 09, 2023 18:50 IST

    Gross bond issuances by banks is estimated to reach Rs 1.3-1. 4 lakh crore this fiscal as debt sales have already hit record high of Rs 0.915 lakh crore, surpassing the previous high of Rs 0.8 lakh crore in FY17, Icra Ratings said.

  • Indian economy, GDP, fiscal gap, exports, imports, trade deficit, fiscal deficit, Economy, Policy, e

    Centre's fiscal deficit touches 58.9 percent of full year target at end-January

    Business | February 28, 2022 18:59 IST

    The fiscal deficit was 66.8 percent of the Revised Estimate (RE) of 2020-21 during the corresponding period of the last fiscal.

  • Union Minister of Finance Nirmala Sitharaman with MoS

    Budget 2022: Govt pegs fiscal deficit at 6.9% for FY22; 6.4% for FY 23

    Business | February 01, 2022 14:43 IST

    The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022.    

  • Fiscal deficit widens to 7-year high of 4.6 per cent in FY20 as revenue collection falls

    Fiscal deficit widens to 7-year high of 4.6 per cent in FY20 as revenue collection falls

    Business | May 29, 2020 21:54 IST

    The country's fiscal deficit soared to a seven-year high of 4.6 per cent of the Gross Domestic Product (GDP) in 2019-20 mainly on account of poor revenue realisation.

  • Fiscal deficit touches 128.5 per cent of budget estimate at Jan-end: Govt data

    Fiscal deficit touches 128.5 per cent of budget estimate at Jan-end: Govt data

    Business | February 28, 2020 18:41 IST

    India's fiscal deficit touched 128.5 per cent of the whole year budget target at January-end, said the Controller General of Accounts (CGA) on Friday. The deficit during the same period during 2018-19 was 121.5 per cent of that year's Revised Budget Estimate (RE).

  • AGR dues' payment by Telcos to bring down fiscal deficit to

    AGR dues' payment by Telcos to bring down fiscal deficit to 3.5% in FY20

    Business | February 17, 2020 17:21 IST

    Payment of adjusted gross revenue dues of Rs 1.20 lakh crore by telcos will reduce the fiscal deficit for 2019-20 to 3.5 per cent of the GDP from the revised estimate of 3.8 per cent of the GDP, economists at SBI said on Monday. However, one will have to wait till March 16 - the payment deadline - before the picture gets clear, they said.  

  • Budget 2020: Fiscal deficit at 3.8 % for FY20, estimation of 3.5% for FY21, says FM Sitharaman

    Budget 2020: Fiscal deficit at 3.8 % for FY20, estimation of 3.5% for FY21, says FM Sitharaman

    News | February 01, 2020 20:31 IST

    While presenting Union Budget 2020-21 in Parliament, Finance Minister Nirmala Sitharaman announced that the fiscal deficit for year 2019-20 was 3.8. She said,"We estimate a fiscal deficit of 3.8% in RE 2019-20 and 3.5% for BE 2020-21." She further added,"We have estimated nominal growth of GDP for the year 2020-21 on the trends available, at 10%."

  • Fiscal deficit pegged at 3.8% in current fiscal, 3.5% in

    Fiscal deficit pegged at 3.8% in current fiscal, 3.5% in next: Sitharaman

    Business | February 01, 2020 13:14 IST

    Fiscal deficit is pegged at 3.8 percent in current fiscal and 3.5 percent in the next, Union Finance Minister Nirmala Sitharaman said as she presented Budget 2020 in Parliament. 

  • Better to focus on growth than on fiscal deficit in current situation: CEA

    Better to focus on growth than on fiscal deficit in current situation: CEA

    Business | January 31, 2020 23:36 IST

    Ahead of Finance Minister Nirmala Sitharaman's second Budget, Chief Economic Adviser K V Subramanian on Friday suggested the government should focus on growth rather than being rigid on fiscal deficit in times of the slowing economy.

  • Budget 2020 exclusive interview income tax slab revision

    Budget 2020: Increase in tax deduction limit under 80C unlikely, says former Finance Secy CM Vasudev

    Business | January 31, 2020 0:31 IST

    In an exclusive conversation with India TV Digital, Former Finance Secretary CM Vasudev delved upon the upcoming Budget amid India's current fragile economic conditions.

  • Fitch raises India's FY20 fiscal deficit forecast to 3.6

    Fitch raises India's FY20 fiscal deficit forecast to 3.6 per cent of GDP

    Business | November 06, 2019 12:19 IST

    Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak goods and services tax (GST) and corporate income tax collections.

  • Fiscal deficit hits 93% of budget estimate at Rs 6.52 lakh

    At Rs 6.52 lakh crore, fiscal deficit hits 93% of budget estimate

    Business | October 31, 2019 18:40 IST

    India's fiscal deficit reached nearly 93 per cent of the budget estimate at Rs 6.52 lakh crore at the end of September in the current financial year, government data showed on Thursday.  

  • Representative image

    April-August fiscal deficit at 78.7 per cent of budgetary target

    Business | September 30, 2019 23:47 IST

    India's budgetary fiscal deficit for the April-August 2019-20 period came in at 78.7 per cent, or Rs 5.538 lakh crore, of the budget estimates (BE), official data showed on Monday.  

  • Nirmala Sitharaman

    No plans to revise fiscal deficit target at present: Sitharaman

    Business | September 23, 2019 7:27 IST

    In the biggest reduction in 28 years, the government on Friday slashed corporate tax by almost 10 percentage points as it looked to pull the economy out of a six-year low growth and a 45-year high unemployment rate by reviving private investments with a Rs 1.45-lakh crore tax break.

  • Pakistan has suffered yet another setback with its economy

    SETBACK: Pakistan sees record high fiscal deficit, economy plunging into deep crisis

    Business | August 28, 2019 14:07 IST

    Pakistan has suffered yet another setback with its economy plunging into a deep crisis. Pakistan's frightening situation can be clearly seen as it saw record high fiscal deficit but the country's Prime Minister and the entire leadership is busy issuing threats of war and jihad against India after the abrogation of Article 370 in Jammu and Kashmir.

  • Government lower fiscal deficit target

    Government lower fiscal deficit target to 3.3 per cent for FY20

    Budget | July 05, 2019 14:01 IST

    While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent. 

  • Image for representation

    Fiscal deficit touches 52% of budget estimate in April-May

    Budget | June 28, 2019 21:25 IST

    The fiscal deficit or gap between expenditure and revenue, was Rs 3,66,157 crore, as per data released by the Controller General of Accounts (CGA).

  • Fiscal Deficit at 0.75% of GDP in April: Department of

    Fiscal Deficit at 0.75% of GDP in April: Department of Expenditure figures

    Business | June 23, 2019 12:25 IST

    Fiscal deficit for the month of April was at Rs 1,57,048 crore which is 22 per cent of the budgeted estimate for the year 2019-20, slightly lower than what it was in the same period a year ago and as a percentage to the GDP, the fiscal deficit is at 0.75 per cent, Department of Expenditure (DoE) figures showed.

  • India's fiscal deficit in 2018-19 stood at 3.39 per cent of

    India's fiscal deficit lower at 3.39 per cent in 2018-19

    Business | May 31, 2019 17:49 IST

    The fiscal deficit for 2018-19 came in at 3.39 per cent of GDP, marginally lower than 3.4 per cent estimated in the revised estimates of the Budget, mainly due to increase in non-tax revenue and lower expenditure.  

  • Former Union Minister P. Chidambaram

    Government will again miss fiscal deficit target: P Chidambaram

    India | January 18, 2019 18:10 IST

    Claiming that the Narendra Modi government's efforts during its remaining tenure cannot revive the "perilous condition" of the Indian economy, P. Chidambaram said the Centre might not able to achieve its set fiscal deficit target of 3.3 per cent.

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