Fiscal Deficit

Fiscal Deficit Touches 58.6% Of Annual Target This Year In Two Months

Business | Edited by Abhik Deb | Tuesday June 30, 2020

Net tax receipts during April-May period were Rs 33,850 crore, while total expenditure was Rs 5.12 lakh crore

India's Fiscal Deficit Widens To 4.59% Of GDP

Business | Reuters | Friday May 29, 2020

India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.

"We Are Only In May": Finance Minister On Revising Fiscal Deficit Target

India News | Reported by Sunil Prabhu, Edited by Divyanshu Dutta Roy | Sunday May 17, 2020

Finance Minister Nirmala Sitharaman on Sunday said the government will give out a new fiscal deficit target later as she announced the last batch of measures under the centre's stimulus programme in response to the coronavirus crisis and the nationwide lockdown.

Coronavirus Financial Stimulus "Not Sufficient", Fiscal Deficit May Go Up To 14%, Says Ex-RBI Governor

Business | Press Trust of India | Sunday May 10, 2020

The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up

COVID-19: P Chidambaram Welcomes Centre's Decision To Borrow Additional Rs 4.2 Lakh Crore

India News | Press Trust of India | Saturday May 9, 2020

Senior Congress leader P Chidambaram today welcomed the Centre's decision to borrow additional 4.2 lakh crore and said it should be used to provide relief to the poor and re-start the economy.

34 Days After First Economic Package, India Waits For Much-Needed Aid

Business | Vrishti Beniwal and PR Sanjai, Bloomberg | Wednesday April 29, 2020

Faced with a weakening economy before the virus outbreak, Finance Minister Nirmala Sitharaman widened the fiscal deficit target for this year to 3.5 per cent of GDP.

Fitch Warns Government Against Further Deterioration In Fiscal Outlook

Business | Reuters | Tuesday April 28, 2020

The rating agency noted that India is likely to post dismal economic growth this year as a result of the coronavirus pandemic.

"Very Challenging" To Meet 2020-21 Fiscal Deficit Target: RBI Governor Shaktikanta Das

Business | Reuters | Monday April 27, 2020

Shaktikanta Das said he expected the government to take a judicious and balanced call on the question of the fiscal deficit.

Fiscal Deficit Touches 135.2% Of Budget Estimate At February-End

Business | Press Trust of India | Tuesday March 31, 2020

The government aims to restrict the fiscal deficit at 3.8 per cent of the GDP or Rs 7.1 lakh crore in 2019-20

Fiscal Deficit Touched 4.56% Of GDP In December: Finance Ministry Data

Business | Indo-Asian News Service | Friday February 21, 2020

For the fiscal 2019-20 (till March 31, 2020), the fiscal deficit has been revised to 3.8 per cent now.

Fiscal Deficit May Dip To 3.5% On AGR Dues Payment: SBI

Business | Indo-Asian News Service | Monday February 17, 2020

The fiscal math of the government will change significantly if it is able to recover Rs 1.20 lakh crore through AGR dues.

Budget Unlikely To Have Much Inflationary Impact: Shaktikanta Das

Business | Press Trust of India | Saturday February 15, 2020

"The direct inflationary impact of any budget is fiscal deficit number, when borrowing goes up, but the government has adhered to the principle of fiscal prudence. The ''escape clause'' under FRBM Act, the deficit number in the current year as well as the next year is very much within the parameters set as per FRBM committee recommendations," Mr Da...

Budget 2020 Light On New Structural Reforms: Fitch

Business | Press Trust of India | Wednesday February 5, 2020

Budget 2020: The credit ratings major projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.

Budget 2020: Bonds Poised To Rally As Fiscal Deficit Targets Meet Expectations

Business | Reuters | Sunday February 2, 2020

Finance Minister Nirmala Sitharaman outlined a multi-billion dollar package for farm and infrastructure spending in the budget for 2020-21, but the stimulus fell short of market expectations and stocks slumped during a special trading session on Saturday.

Growth, Fiscal Deficit Projections Challenging To Meet: Moody's Analyst

Business | Reuters | Saturday February 1, 2020

Prime Minister Narendra Modi's government said on Saturday it would inject nearly $40 billion into the farm sector and billions more into a federal water scheme .