Fiscal Deficit
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India’s April-January fiscal deficit at 113.7% of full year's target
Business | Feb 28, 2018, 10:38 PM ISTOfficial data released by the Comptroller General of Accounts (CGA) today showed that during April-January, the capital expenditure during the period stood at Rs 2.64 lakh crore.
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Moody's sees no material impact of slippage in fiscal deficit
Business | Feb 05, 2018, 11:14 AM ISTThe government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for the current fiscal to 3.5 per cent of GDP, against original targets of 3 per cent and 3.2 per cent, respectively.
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Government confident of meeting fiscal deficit target, says Economic Affairs Secretary
Business | Feb 04, 2018, 01:13 PM ISTCalling this year's upward revision of fiscal deficit target to 3.5 per cent from 3.2 per cent a "one-off aberration", Subhash Chandra Garg said the economy is well on its path of fiscal consolidation despite a "small pause of a year"
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India Union Budget 2018: Moody's says 3.3% fiscal deficit achievable
Budget | Feb 01, 2018, 04:59 PM ISTA slower broadening of the tax base after the note-ban and GST implementation as well as weather- related impacts on crops could contribute to revenue slippage, it warned.
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Breaching 3.2% fiscal deficit target? What it means
Budget | Jan 31, 2018, 05:00 PM ISTIn the given scenario, analysts say that the fiscal deficit could now rise to 3.5 per cent of the GDP and this slippage means that the expected target for the next fiscal – 3 per cent, will not be adhered to.
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'Government may not alter fiscal consolidation targets in budget'
Budget | Jan 15, 2018, 04:24 PM ISTThough analysts are opining that the government may relax the fiscal consolidation roadmap targets, Deutsche Bank says it may stick to curtailing the fiscal gap at 3 per cent.
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Direct tax mop up soars 18% to Rs 6.56 lakh crore during April-December
Business | Jan 09, 2018, 06:26 PM ISTAs much as Rs 3.18 lakh crore has been received as advance tax up to December, 2017-18, reflecting a growth of 12.7 per cent over the year ago period.
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India's April-November fiscal deficit at 112% of full year's target
Business | Dec 29, 2017, 02:58 PM ISTThe data furnished by the Comptroller General of Accounts (CGA) showed that April-November fiscal deficit was 85.8 per cent of the budget in the like period of the last fiscal.
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Higher fiscal deficit due to Budget being advanced, was expected: Chief Statistician TCA Anant
Business | Jan 17, 2018, 05:18 PM ISTTCA Anant said that it was a conscious policy reform and the surprise about its impact on fiscal deficit was befuddling because the move had led to expenditure profile shifting towards beginning of the year with revenue profile remaining the same.
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Government on course to achieve fiscal deficit targets: Arun Jaitley
Business | Dec 11, 2017, 10:06 PM ISTArun Jaitley said the government had met its fiscal targets by rationalising expenditure and plugging leakages, according to a Finance Ministry release.
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Investors cautious ahead of GDP data; Sensex tanks 450 points, Nifty ends below 10,250
Business | Nov 30, 2017, 04:29 PM ISTTwin factors of soon-to-be-released GDP data as well as fiscal deficit figures led to intense selling pressure in the markets.
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India’s fiscal deficit breaches 96 pc mark in October on lower revenue, higher spending: Govt data
Business | Nov 30, 2017, 03:59 PM ISTThe deficit stood at 79.3 per cent of the target during the same period of 2016-17, as per official data.
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India's April-August fiscal deficit at over 96 pc of target
Business | Sep 29, 2017, 11:04 PM ISTThe 2017-18 deficit -- the difference between revenue and expenditure -- has been pegged at Rs 5.46 lakh crore for 2017-18, as compared to the deficit of Rs 5.34 lakh crore for the last fiscal.
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Demonetisation effect? RBI halves dividend payout to govt to Rs 30,659 cr
Nov 03, 2017, 03:06 PM ISTAccording to analysts, one of the reasons for the dip in the RBI's revenue was the cost of printing new currency and also return of junked notes post demonestisation
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Only a miracle can help India meet fiscal deficit target of 3 pc, says Crisil
Jan 25, 2017, 07:53 PM ISTIndia achieving a fiscal deficit target of 3 per cent of GDP for 2017-18 will be nothing short of a miracle, Crisil Research has said.
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Govt to keep FY18 fiscal deficit target at 3.3-3.4 pc: research reports
Jan 23, 2017, 05:03 PM ISTThe coming Budget could see the government set the fiscal deficit target in the range of 3.3-3.4 percent of GDP for the financial year 2017-18, research reports have said. "We think that the government
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Markets bet big on RBI rate cut, Sensex rallies over 777 points
Mar 01, 2016, 04:10 PM ISTNew Delhi: Finance Minister Arun Jaitley's decision to stick to the fiscal deficit targets of 3.9 per cent and 3.5 per cent for this year as well as the 2016-17 financial year respectively has sent markets
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Government sets up panel on 7th Pay Commission's recommendations
Jan 13, 2016, 07:39 PM ISTNew Delhi: Government on Wednesday decided to set up a high-powered panel headed by Cabinet Secretary PK Sinha to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of
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With signs of economic recovery, govt not worried over fiscal deficit: Arun Jaitley
Dec 04, 2015, 02:56 PM ISTNew Delhi: Union Finance Minister Arun Jaitley believes that there is no need to be worried over the fiscal deficit given the fact that the economy is showing signs of returning to the growth path.Jaitley
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GDP to exceed 7.5%, taxes to fall short of target: Finance Minister
Oct 05, 2015, 08:24 PM ISTNew Delhi: The government today admitted that the tax collection may fall short of target by 5-7 per cent, but expressed confidence that the economy will clock over 7.5 per cent growth this year without