Fiscal deficit

Current account deficit narrows sharply to 1.7% in Q1

India's Current Account Deficit narrowed sharply to 1.7 percent of GDP in the April-June quarter of this fiscal mainly on account of reduction in trade deficit, and a steep decline in gold imports.

Sep 01, 2014, 18:39 PM IST

April-July fiscal deficit at $53.7 billion

During the April-July period of 2013-14 fiscal, the deficit was 62.8 percent of Budget Estimates (BE) of that year.

Aug 29, 2014, 17:13 PM IST

India Ratings ups GDP growth estimate to 5.7%, predicts fiscal slippage

The agency said industrial growth will improve to 5.1 percent as against the earlier estimate of 4.1 percent.

Aug 07, 2014, 16:01 PM IST

Spending cut may not adversely impact growth: Goldman Sachs

Experts have for long been arguing about a possible re-allocation of resources for capital spending rather than current spending, to boost the growth.

Aug 06, 2014, 22:12 PM IST

Fiscal deficit of 4.1% an ambitious target: Rajan

Reserve Bank Governor Raghuram Rajan on Wednesday said 4.1 percent fiscal deficit goal set by the government for the current fiscal is an "ambitious target".

Aug 06, 2014, 16:25 PM IST

Meeting fiscal deficit target of 4.1% a tough task: Mayaram

After remaining at sub-5 percent in last two fiscal years, economic growth in the ongoing fiscal year is estimated to be between 5.4 and 5.9 percent.

Aug 04, 2014, 14:05 PM IST

Fiscal deficit in Q1 at 56.1% of Budget estimates for FY'15

During the April-June period of 2013-14 fiscal, the deficit was 48.4 percent of Budget Estimates.

Jul 31, 2014, 19:31 PM IST

India's April-June fiscal deficit stands at $49.2 billion

The deficit was 48.4 percent during the comparable period in the previous fiscal year.

Jul 31, 2014, 17:49 PM IST

Finance secretary Mayaram defends 4.1% fiscal deficit target

Finance Secretary Arvind Mayaram said that plans announced in this week`s budget to stick to a fiscal deficit target of 4.1 percent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.

Jul 12, 2014, 17:46 PM IST

Rating agencies say Jaitley's fiscal targets hard to achieve

Rating agencies on Friday said Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 percent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies.

Jul 11, 2014, 17:03 PM IST

Union Budget 2014: Expert views: Jaitley sticks to fiscal deficit target of 4.1%

Finance Minister Arun Jaitley said the country will stick to the fiscal deficit target of 4.1 percent of gross domestic product (GDP) set by the previous government for the year ending March 2015.

Jul 10, 2014, 15:02 PM IST

Union Budget 2014-15: Govt sets fiscal deficit target of 4.1%

Finance Minister Arun Jaitley said his government aims to reduce the fiscal deficit to 3.6 percent and 3 percent for 2015-16 and 2016-17, respectively.

Jul 10, 2014, 14:06 PM IST

Diesel subsidy to fall 25% this fiscal to Rs 1 trillion: Fitch

Global ratings agency Fitch on Tuesday said the regular increase in diesel price to align it with market will lead to a 25 percent fall in fuel under- recoveries this fiscal at about Rs 1 trillion (Rs 1 lakh crore).

Jul 08, 2014, 19:25 PM IST

Fiscal deficit needs to be maintained at an acceptable level: Jaitley

Fiscal deficit needs to be maintained at an acceptable level, the finance minister said on Tuesday, adding that a "judicious balance" should be struck between expenditure and tax collections.

Jul 08, 2014, 12:15 PM IST

Jaitley may peg FY'15 fiscal deficit at 4.3%: Goldman Sachs

Foreign brokerage Goldman Sachs Monday said it expects new Finance Minister Arun Jaitley to peg the fiscal deficit target for FY15 at 4.3 percent, up from the 4.1 percent stated by his predecessor P Chidambaram.

Jul 07, 2014, 19:16 PM IST

FM may revise upwards fiscal deficit to 4.4%: SBI

Finance minister Arun Jaitley may revise upwards the fiscal deficit target for the current fiscal to 4.42 percent up from 4.1 percent projected in the interim budget, says a report by the Economic Research Department of State Bank of India (SBI).

Jul 01, 2014, 22:30 PM IST

Time for bold decisions to revive economy: Arun Jaitley

Listing out the challenges before the country, he said fiscal deficit is high, inflation is beyond acceptable limits and the fallout of Iraq crisis looms large on the economy.

Jul 01, 2014, 22:00 PM IST