Fiscal deficit

Economic prospects look bright in near term: FinMin

Indian economy is showing "bright" near-term prospects, but reducing fiscal deficit to 3.5 percent of GDP in 2016-17 is a challenge because of additional liabilities on account of pay revision, the government said.

Aug 12, 2016, 18:42 PM IST

Fiscal deficit zooms to 61% of BE in April-June quarter

The state of public finances showed some deterioration with the fiscal deficit crossing 61 percent of the Budget Estimates in the first quarter of 2016-17, on higher expenditure and subdued realisation of non-tax revenues.

Jul 29, 2016, 18:00 PM IST

Good monsoon may push FY17 GDP growth beyond 8%: Crisil

A good monsoon with even rainfall distribution across regions will give a boost to farm sector and may push India's GDP growth beyond the 8 per cent mark in the current fiscal, Crisil said on Wednesday.

Jul 27, 2016, 21:21 PM IST

April-May fiscal deficit at 43% of Budget estimates

Fiscal deficit in the first two months of the current fiscal was Rs 2.28 lakh crore or 42.9 percent of Budget estimates for 2016-17, much higher than the year-ago period.

Jun 30, 2016, 19:33 PM IST

CEA hopeful of states containing fiscal deficit at 3% of GSDP

New Delhi: Chief Economic Adviser Arvind Subramanian today expressed hope that states will show "prudence" and contain their fiscal deficit at 3 percent of the GSDP.

Jun 03, 2016, 16:58 PM IST

Saudi reforms on right track but more needed: IMF

Riyadh: The International Monetary Fund on Thursday welcomed accelerated economic reforms by Saudi Arabia to reduce its reliance on oil but said more measures are needed to cover a fiscal deficit.

May 19, 2016, 18:44 PM IST

17 out of 30 sectors in negative zone in March in terms of exports

Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand.

May 01, 2016, 17:50 PM IST

Stick to fiscal discipline, spend on infrastructure: Arun Jaitley to states

With the share of states in central taxes seeing a quantum jump, Finance Minister Arun Jaitley today advised them to stick to fiscal discipline, spend on infrastructure and development activities and to use Aadhaar for transferring benefits to people

Apr 11, 2016, 14:18 PM IST

Cabinet clears FC recommendations on state govt deficits

The government on Wednesday approved fiscal deficit target of 3 percent for states, as recommended by the 14th Finance Commission for the 2015-20 period.

Apr 06, 2016, 19:08 PM IST

Fiscal deficit expected to be below 3.9% for FY16: Finance Ministry

Finance Ministry today said the fiscal deficit for 2015-16 is likely to remain below 3.9 percent of the GDP on the back of tax receipts and realisation from disinvestment.

Apr 01, 2016, 20:05 PM IST

State governments likely to run wider fiscal deficit in FY17: HSBC

State governments are likely to run wider fiscal deficit in financial year 2016-17 because of higher interest bill and wage hike pressures, an HSBC report said on Monday.

Mar 28, 2016, 18:36 PM IST

Range-bound fiscal targets can confuse markets, says Nomura

Adoption of a fiscal deficit target range before achieving the 3 percent goal will be considered as a "shallower path" in the fiscal consolidation process, Japanese brokerage Nomura said Wednesday.

Mar 23, 2016, 19:05 PM IST

Exchange rate not impacting exports: Rajan

Brushing aside the contention that exchange rate is impacting exports, RBI Governor Raghuram Rajan today said the shipments can only be increased by raising productivity, improving infrastructure and simplifying regulations, which is in the domain of the government

Mar 13, 2016, 00:40 AM IST

Chidambaram pokes holes in Centre's fiscal deficit road map

Former Union Finance Minister P Chidambaram today said the NDA government's claims to bring fiscal deficit to 3.5 per cent was built on factors like avoidance of direct borrowing and instead asking Ministries like Railways to go for it.

Mar 11, 2016, 02:57 AM IST

RBI pores over budget, worries on fiscal math

Some Reserve Bank of India (RBI) officials are worried that a populist budget could put the onus of driving growth on them but limit their ability to respond through big rate cuts this year.

Mar 03, 2016, 14:18 PM IST

Central pay hike budgeted for in ministries' allocations: Govt

With absence of an explicit overall provision for the 7th Pay Commission in Budget raising questions, government today said the once-in-a-decade pay hike has been built in as interim allocation for different ministries and Budget numbers were credible.

Mar 02, 2016, 16:05 PM IST