Fiscal Deficit
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Confident of maintaining fiscal deficit at 3.9%: Arun Jaitley
National | Sep 28, 2015, 11:05 PM ISTMumbai: Pitching for steps to strengthen 'real economy' of India, Finance Minister Arun Jaitley today said he is confident of maintaining fiscal deficit at 3.9 per cent in the current financial year.Jaitley also said that
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Arun Jaitley promises more reforms; sees better growth this fiscal
Sep 21, 2015, 09:32 AM ISTHong Kong: India's economic growth is expected to improve despite unfavourable global winds as the government continues with several reform programmes, Finance Minister Arun Jaitley said today.Emphasising that India has the potential to be the
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Govt contains fiscal deficit at 4%; beats its own target
May 17, 2015, 05:45 PM ISTNew Delhi: Bettering its own financial targets, the government has contained the fiscal deficit at 4 per cent of GDP for 2014-15 at Rs 5,01,880 crore.The revenue deficit has also been confined to 2.8 per
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States' gross fiscal deficit improves by 20 bps to 2.3% of GDP: RBI
May 13, 2015, 07:49 AM ISTMumbai: The Reserve Bank called for higher capital outlays, consistent fiscal consolidation and limiting the debt-GDP ratio to improve the finances of the states, whose combined gross fiscal deficit has improved by 20 bps to
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Here's what the common man gets from Budget 2015
Feb 28, 2015, 08:14 PM ISTNew Delhi: Finance minister Arun Jaitley on Saturday unveiled a budget that aims to push up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax sops to put private
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Budget 2015: Government pro-poor and pro-industry, says Jaitley
Feb 28, 2015, 05:47 PM ISTNew Delhi: Emphasising the need for a balancing act between infrastructure and welfare spending, Finance Minister Arun Jaitley today said the BJP-led government is “pro-poor and pro-industry”.The Minister, who presented Budget 2015-16 in Parliament today,
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Govt pro-poor and pro-industry: Arun Jaitley
National | Feb 28, 2015, 05:22 PM ISTNew Delhi: Emphasising the need for a balancing act between infrastructure and welfare spending, Finance Minister Arun Jaitley today said the BJP-led government is “pro-poor and pro-industry”. The Minister, who presented Budget 2015-16 in Parliament
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What is Union Budget and why it is important
Feb 27, 2015, 01:12 PM ISTNew Delhi: Union budget is a comprehensive statement of the government's finances including spending, revenues, deficit or surplus, and debt, for the fiscal year that runs from April 1 to March 31.The budget is the
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SBI arm for higher fiscal deficit target to boost investment
Feb 24, 2015, 10:53 PM ISTMumbai: Analysts and economists at the nation's largest lender SBI today joined the call for stretching the fiscal deficit target by a few notches so that the government can boost capex without impacting the fiscal
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Fiscal deficit, low income constrain India's rating: S&P
Feb 23, 2015, 06:45 PM ISTNew Delhi: Days ahead of the Union Budget, global rating agency Standard & Poor's today warned that India's weak fiscal and debt indicators, coupled with the low income levels, "constrain" the sovereign rating."India's low income
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Major disinvestments before March 31: Arun Jaitley
Jan 10, 2015, 08:28 AM ISTMumbai: The government will go for major disinvestment in the next two-and-a-half months and will strive to stick to the fiscal deficit target of 4.1 per cent in the current year, Finance Minister Arun Jaitley
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Higher tax refunds putting pressure on fiscal deficit: Jaitley
Oct 31, 2014, 05:59 PM ISTNew Delhi: Finance Minister Arun Jaitley today said increased tax refunds in the current financial year is leading to higher fiscal deficit, which neared 83 per cent of full year target in the April-September period.“Higher
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Fiscal deficit touches 61.2% in April-July
Aug 29, 2014, 10:32 PM ISTNew Delhi: The fiscal deficit touched 61.2 per cent of full year Budget Estimates or over Rs. 3.24 lakh crore in end July. During the April—July period of 2013—14 fiscal, the deficit was 62.8 per
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Fiscal deficit in 2013-14 is 4.5% of GDP
May 30, 2014, 09:09 PM ISTNew Delhi: The fiscal deficit in 2013-14 stood at 4.5 per cent of GDP, lower than 4.6 per cent projected in the revised estimate, mainly on account of curbs on government expenditure.The fiscal deficit, the
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New govt must focus on GST, fiscal deficit for growth: Montek Singh Ahluwalia
May 11, 2014, 05:35 PM ISTMumbai: Rapid implementation of GST and reduction in fiscal deficit should be the thrust areas for the new government that will help the country achieve 7-7.5 per cent growth, Planning Commission Deputy Chairman Montek Singh
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More spending cuts needed to meet fiscal deficit target: Nomura
Nov 29, 2013, 11:42 PM ISTMumbai: With fiscal deficit widening to 84.4 per cent of the budgeted target in the first seven months and the revenue collection falling way below the target, the government will have to undertake more austerity
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GDP grows 4.8 pc in Q2; fiscal deficit, inflation up
Nov 29, 2013, 08:43 PM ISTNew Delhi: After hitting a four-year low in the first quarter, the economy grew by a higher-than-expected 4.8 per cent in the September quarter on an uptick in agriculture and factory output, although a rise
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Standard Chartered Bank sees marginal breach in FY'14 fiscal deficit target
Nov 07, 2013, 10:17 PM ISTMumbai: Standard Chartered Bank today warned of a 0.2 per cent slippage in fiscal deficit at 5 per cent of India's GDP due to slower revenue growth. "Our base case is a fiscal deficit of
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Oil subsidy, rupee may push fiscal deficit above 5 percent
Sep 28, 2013, 07:30 AM ISTNew Delhi: Widening oil subsidy and weakness in rupee are likely to push India's fiscal deficit above 5 percent in the current financial year as against the budgetary target of 4.8 percent, a ratings and
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West Bengal's fiscal deficit rises to 97 pc of budget estimates
India | Mar 28, 2013, 06:14 PM ISTNew Delhi, Mar 28: The government's fiscal deficit, or gap between expenditure and revenue receipts, was at 97.4 per cent of the budget estimates (BE) in the April-February period of the current financial year.In absolute