New 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
Mumbai: 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
New 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
New 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,
New 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
New 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
Mumbai: 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
New 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
Mumbai: 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
New 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
New 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
New 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
Mumbai: 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
Mumbai: 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
New 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
Mumbai: 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
New 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
New 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
New Delhi, Dec 31: The country's fiscal deficit during the April-November period was Rs 4.13 trillion ($76.2 billion), or 80.4 percent of the budgeted full fiscal year 2012/13 target, government data showed on Monday.During the
New Delhi, Dec 15: Underlining the government's intent to reduce the fiscal deficit to three percent of GDP by 2016-17, Prime Minister Manmohan Singh Saturday said the actions in correcting energy pricing, reducing diesel and
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