Fiscal Deficit

April-October Fiscal Deficit At 6.49 Lakh Crores Crosses Full Year Target

Business | Thomson Reuters | Friday November 30, 2018

Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were 6.61 lakh crore rupees, government data showed.

Fiscal Deficit Target For 2018-18 Set To Be Missed, Says India Ratings

Business | Thomson Reuters | Monday November 26, 2018

"The pressure on government finances is mainly arising from the revenue side, particularly from indirect taxes and non-tax revenue," India Rating analysts said.

Government Doesn't Need Extra Funds From RBI, Says Arun Jaitley

India News | Press Trust of India | Saturday November 24, 2018

Finance Minister Arun Jaitley has said the government does not need any extra funds from the Reserve Bank or any other institution to meet the fiscal deficit target.

Centre Wants RBI Reserves To Meet Fiscal Deficit, Alleges P Chidambaram

India News | Press Trust of India | Friday November 9, 2018

Former finance minister P Chidambaram today warned the NDA government against laying its hands on RBI reserves, saying it will have "catastrophic" economic consequences for the country. He also said the minutes of a Reserve Bank of India meeting on November 7, 2016 is a "comprehensive repudiation" of the government's "justification" for demonetisat...

April-September Fiscal Deficit Stands At 95% Of Full-Year Target

Business | Thomson Reuters | Thursday October 25, 2018

The government has said it was confident of meeting its fiscal deficit target of 3.3 per cent of GDP in the 2018-19 fiscal year despite pressure on the economy from rising oil prices.

Government May Miss Fiscal Deficit Target, Excise Duty Cut Credit Negative: Moody's

Business | Thomson Reuters | Tuesday October 9, 2018

The government announced cuts in excise duty on petrol and diesel last week, to soften the impact of sharp rise in global crude oil prices on consumers. The move came a few months before elections in three key states this year followed by national elections due by May.

Opinion: Government's Schizophrenic Approach To Fuel Hike, Rupee Fall

Business | Mihir Sharma, Bloomberg Opinion | Monday October 8, 2018

The RBI's steadiness on rates was born of its belief that inflation was close enough to the bank's target zone. Now, you might disagree with this belief -- as I do -- but there's no question that the central bank's monetary policy committee was doing its job as it saw it.

Fiscal Deficit Slippage To Impact Inflation, Increase Market Volatility: RBI

Business | Indo-Asian News Service | Friday October 5, 2018

On September 28, the Centre reduced its borrowing estimate by Rs 70,000 crore to Rs 2.47 lakh crore in second half of fiscal 2018-19.

Centre Cuts Market Borrowing Target By 70,000 Crore Rupees

Business | Press Trust of India | Friday September 28, 2018

Economic Affairs Secretary S C Garg announces reduction in gross borrowing estimate for the current fiscal by Rs 70,000 crore and maintains that the government will contain fiscal deficit target at 3.3 per cent.

It Looks Like 'Taper Tantrum', But India Better Off Than In 2013: Report

Business | Anirban Nag, Bloomberg | Thursday September 27, 2018

Most of the improvement in the current account between 2013 and 2017 was due to falling oil and gold prices.

April-August Fiscal Deficit Stands At 5.9 Lakh Crore Rupees

Business | Thomson Reuters | Tuesday September 25, 2018

The fiscal deficit so far is 94.7% of the budgeted target for the current fiscal year compared with 96.1% a year earlier.

Rupee Loses 81 Paise Against US Dollar In Early Trade

Business | NDTV Profit Team | Monday September 17, 2018

In a key economic review meeting chaired by PM Narendra Modi over the weekend, the government announced several steps to control the fall in the rupee amid high crude oil prices.

States Set To Miss Fiscal Targets In FY19, Says ICRA

Business | Press Trust of India | Sunday September 16, 2018

Icra also estimates that Rs 1.3 trillion of SDLs are scheduled to be redeemed in FY19, much higher than Rs 0.8 trillion redeemed in FY18.

PM Happy With Economy, Says Finance Minister Arun Jaitley After Meeting

India News | Press Trust of India | Saturday September 15, 2018

The government will stick to the fiscal deficit target of 3.3 per cent this fiscal as it expects buoyant tax revenues and exceeding disinvestment target, Finance Minister Arun Jaitley said on Saturday.

Centre Confident Of High Growth, Meeting Fiscal Deficit Target: 10 Points

Business | Saturday September 15, 2018

Assuring that the effects of GST (Goods and Services Tax) are settling down and that consumption is picking up, Finance Minister Arun Jaitley said on Saturday that the economy will post a high growth or gross domestic product (GDP) this fiscal year. The comments from the finance minister came at a time when the rupee has been sinking to multiple lo...