Fiscal Deficit
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Budget 2020: Increase in tax deduction limit under 80C unlikely, says former Finance Secy CM Vasudev
Business | Jan 31, 2020, 12:31 AM ISTIn an exclusive conversation with India TV Digital, Former Finance Secretary CM Vasudev delved upon the upcoming Budget amid India's current fragile economic conditions.
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Fitch raises India's FY20 fiscal deficit forecast to 3.6 per cent of GDP
Business | Nov 06, 2019, 12:19 PM ISTFitch 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.
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At Rs 6.52 lakh crore, fiscal deficit hits 93% of budget estimate
Business | Oct 31, 2019, 06:40 PM ISTIndia'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.
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April-August fiscal deficit at 78.7 per cent of budgetary target
Business | Sep 30, 2019, 11:47 PM ISTIndia'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.
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No plans to revise fiscal deficit target at present: Sitharaman
Business | Sep 23, 2019, 07:27 AM ISTIn 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.
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SETBACK: Pakistan sees record high fiscal deficit, economy plunging into deep crisis
Business | Aug 28, 2019, 02:07 PM ISTPakistan 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.
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Government lower fiscal deficit target to 3.3 per cent for FY20
Budget | Jul 05, 2019, 02:01 PM ISTWhile presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent.
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Fiscal deficit touches 52% of budget estimate in April-May
Budget | Jun 28, 2019, 09:25 PM ISTThe 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).
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Fiscal Deficit at 0.75% of GDP in April: Department of Expenditure figures
Business | Jun 23, 2019, 12:25 PM ISTFiscal 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.
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India's fiscal deficit lower at 3.39 per cent in 2018-19
Business | May 31, 2019, 05:49 PM ISTThe 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.
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Government will again miss fiscal deficit target: P Chidambaram
India | Jan 18, 2019, 06:10 PM ISTClaiming 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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3.3% fiscal deficit target for 2018-19 likely to be breached, say experts
Business | Jan 13, 2019, 04:23 PM ISTMeeting the fiscal deficit target of 3.3 per cent of GDP for the current fiscal could be a challenge for the government, given the shortfall in GST collections, rising expenditure and slowing factory output, say experts.
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April-November fiscal deficit over 115% of target on revenue lag
Business | Dec 27, 2018, 10:52 PM ISTThe data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding eight months of the previous fiscal was 112 per cent.
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India's April-October fiscal deficit crosses 103% of target
India | Nov 30, 2018, 11:32 PM ISTThe data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding seven months of the previous fiscal was 96.1 per cent.
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Govt not seeking Rs 3.6 lakh crore from RBI, clarifies DEA Secretary SC Garg
Business | Nov 09, 2018, 03:25 PM ISTGarg said that the government is discussing ways to fix appropriate economic capital framework of RBI.
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Government determined to contain fiscal deficit at 3.3 per cent of GDP
Business | Sep 13, 2018, 01:02 PM ISTThe government's finances have shown improvement in July with fiscal deficit at 86.5 per cent of the Budget Estimate (BE), mainly on account of higher revenue collection, as per official data.
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India's April-July fiscal deficit at 86.5% of annual target
Business | Aug 31, 2018, 07:51 PM ISTData furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding four months of the previous fiscal was 92.4 per cent.
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Rupee sinks to all-time low vs US dollar, breaches 69-mark
Business | Jun 28, 2018, 10:36 AM ISTConsistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure.
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Govt committed to meet fiscal deficit target of 3.3 per cent this year: Piyush Goyal
Business | Jun 18, 2018, 02:20 PM ISTInterim Finance Minister Piyush Goyal assured that government will maintain stability in the economy and meet all economic parameters fixed by it
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Fiscal, revenue deficit to be lower than estimates: Govt
Business | Apr 02, 2018, 09:48 PM ISTThe fiscal deficit target for the last financial year was revised upwards to 3.5 per cent of the GDP from original projection of 3.2 per cent, following GST implementation and deferment of spectrum auction.