Expectations from Modi govt taper off on legacy issues: Crisil
Rating agency Crisil on Tuesday said expectations from Prime Minister Narendra Modi-led government have moderated in its first year, as it was not able to push demand due to the issues it inherited.
May 19, 2015, 15:45 PM IST
Government misses tax collection target by Rs 2,288 cr in FY15
Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 cr.
May 17, 2015, 18:17 PM IST
Government contains fiscal deficit at 4%; beats its own target
Bettering its own financial targets, the government has contained the fiscal deficit at 4 percent of GDP for 2014-15 at Rs 5,01,880 crore.
May 17, 2015, 16:59 PM IST
Economy recovering, despondency on its way out: Arun Jaitley
Finance Minister Arun Jaitley Thursday said the economy was in a recovery mode with inflation and fiscal deficit under control and despondency giving way to a positive environment.
May 14, 2015, 23:01 PM IST
States' gross fiscal deficit improves by 0.20% to 2.3% of GDP
The Reserve Bank Tuesday 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 2.3 percent of GDP in FY 2014-15.
May 12, 2015, 23:58 PM IST
Govt to pursue subsidy reforms to contain deficit: Sinha
Reiterating commitment to stick to the fiscal consolidation road map, the government on Tuesday said it will continue with subsidy reforms and bring down the fiscal deficit to 3.5 percent of the GDP by March 2017.
Apr 28, 2015, 16:07 PM IST
3% deficit a challenge; to focus on infrastructure, irrigation: Jaitley
Jaitley said that public investment has to go in to infrastructure as private sector was usually reluctant to put in funds there.
Apr 24, 2015, 13:02 PM IST
Fiscal deficit is 4.1% this year, thanks to telcos
The government is believed to have met the fiscal deficit target of 4.1 percent of GDP for 2014-15, helped by last minute payment of Rs 10,808 crore by telecom companies for spectrum and tax receipts in March
Mar 31, 2015, 23:32 PM IST
Most investors optimistic on India at this point: FM Jaitley
Replying to the debate on the Budget 2015-16, Jaitley further said most investors are optimistic on India at this point.
Mar 17, 2015, 14:14 PM IST
Jaitley to address RBI board on March 22
Finance Minister Arun Jaitley will address board members of the Reserve Bank here on March 22 to inform them about steps taken in the Budget for 2015-16 to boost economic growth and contain fiscal deficit.
Mar 08, 2015, 11:09 AM IST
Fiscal deficit at Rs 5.68 lakh cr, breaches budget estimates
Fiscal deficit rose to Rs 5.68 lakh crore in April-January period, breaching the budget estimate by 107 percent which may call for harder measures by the government to meet the target of 4.1 percent of the GDP for full 2014-15 financial year.
Mar 02, 2015, 23:13 PM IST
April-Jan fiscal deficit overshoots full-year target: Govt
India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March, government data showed on Monday.
Mar 02, 2015, 18:32 PM IST
Budget shows commitment to keep fiscal deficit low: S&P
India`s budget for 2015-16 highlighted the government`s commitment to keeping the fiscal deficit low, ratings agency Standard and Poor`s said, adding that the country`s debt burden and subsidy bill could constrain its ratings.
Mar 02, 2015, 10:47 AM IST
Test for reform zeal of Modi in make-or-break budget
Prime Minister Narendra Modi`s stomach for free-market economics faces a major test on Saturday, in a budget India`s top economic advisor has warned could wreck the leader`s promises of "good days" if there`s no roadmap to reform.
Feb 28, 2015, 03:03 AM IST
Budget 2015: Govt likely to meet 4.1% fiscal deficit target, say analysts
As the BJP-led ruling coalition at the Centre gets ready to present its first full-fledged Budget, analysts said the government is most likely to meet its ambitious 4.1 percent fiscal deficit target, helped by lower oil prices.
Feb 23, 2015, 22:53 PM IST
Fiscal deficit, low income constrain India's rating: S&P
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.
Feb 23, 2015, 15:16 PM IST
Cabinet Secy asks bureaucrats to 'strictly' follow austerity code
Seeking to contain expenditure, the Cabinet Secretary has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding conferences and meetings in five-star hotels.
Feb 19, 2015, 15:57 PM IST
Arun Jaitley hints at more spending cuts
Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money.
Feb 06, 2015, 13:24 PM IST
Oil Ministry seeks Rs 22,101 cr in fuel subsidy for H2 2014-15
Oil Ministry has sought Rs 22,101 crore in subsidy to cover for losses on LPG and kerosene sale in the second half of current fiscal so as to almost exempt oil producer ONGC and Oil India Ltd from any payments.
Feb 03, 2015, 21:28 PM IST
Telecom Minister meets Jaitley; discusses spectrum auction
Telecom Minister Ravi Shankar Prasad held a meeting with Finance Minister Arun Jaitley to discuss the upcoming spectrum auction and using the revenue generated to meet government's fiscal deficit target for current fiscal.
Feb 03, 2015, 18:04 PM IST
