Fiscal Deficit

Rupee In A Free Fall, Plunges Below 66-Level To Close At 13-Month Low Against USD

Business | NDTV Profit Team | Friday April 20, 2018

While rupee falls, country's foreign exchange reserves rose to a life-time high of $424.864 billion at the first week of April

2017-18 Fiscal Deficit To Be Lower Than Revised Estimates: Economic Affairs Secretary

Business | Thomson Reuters | Monday April 2, 2018

The government revised its fiscal deficit target to 3.5 per cent of GDP from an earlier 3.2 per cent of GDP for the 2017-18 fiscal year that ended on March 31.

Government Says On Course To Meet 2017-18 Fiscal Deficit Target

Business | Thomson Reuters | Thursday March 29, 2018

On Wednesday, the government reported a fiscal deficit of Rs 7.2 lakh crore ($110.42 billion) for April-February, which was 120.3 per cent of the budgeted target for the current fiscal year.

April-February Fiscal Deficit At 120% Of Full-Year Target

Business | Press Trust of India | Wednesday March 28, 2018

Fiscal deficit soared to Rs 7.15 lakh crore at the end of February, exceeding the revised target of Rs 5.94 lakh crore for the entire 2017-18 fiscal.

Government Hopes To Borrow Rs 50,000 Crore Less Than Estimates In Fiscal 2019

Business | Oineetom Ojha | Monday March 26, 2018

The government had earlier said in Budget 2018-19, that it would borrow Rs 6.05 lakh crore in 2018-19.

Government To Borrow Rs 2.88 Lakh Crore In First Six Months Of FY19

Business | Thomson Reuters | Monday March 26, 2018

In the budget unveiled in February, the government said it envisages a gross market borrowing of Rs 6.06 lakh crore in 2018/19

Tamil Nadu Presents Deficit Budget, Expects Economy To Grow Next Fiscal

Tamil Nadu News | Edited by Nidhi Sethi | Thursday March 15, 2018

The Tamil Nadu government today presented a deficit budget for the year 2018-19. Deputy Chief Minister O Panneerselvam presented a budget that projected a revenue deficit of Rs 17,491 crore and a fiscal deficit of Rs 44,481 crore.

Centre Seeks Parliament Approval For Rs 85,300 Crore More Spending

Business | Thomson Reuters | Thursday March 8, 2018

The spending would include Rs 62,700 crore compensation to the state governments and union territories following the launch of GST last year.

Government Calls Upon Fitch For Rating Upgrade

Business | Thomson Reuters | Wednesday March 7, 2018

The government has assured Fitch that it will bring down the fiscal deficit to 3% of gross domestic product by 2020-21, said a finance ministry official.

China's Finance Minister Waves Away Debt Concerns

World News | AFP | Wednesday March 7, 2018

China's finance minister on Wednesday brushed aside persistent concerns that the country's ballooning debt could spark a financial crisis, stressing that debt levels are well within control.

Fiscal Deficit Overruns Full Year Target In 10 Months of FY 2017-18

Business | Thomson Reuters | Wednesday February 28, 2018

Finance Minister Arun Jaitley said the fiscal deficit target for the current year has been raised to 3.5% of GDP from 3.2%.

January Trade Deficit Widens To $16.30 Billion

Business | Thomson Reuters | Thursday February 15, 2018

Goods imports last month were $40.68 billion, a jump of 26.10 percent from a year ago.

RBI Expected To Keep Rates On Hold In Policy Decision Today

Business | Thomson Reuters | Wednesday February 7, 2018

Inflation is expected to accelerate after the government's budget last week widened its fiscal deficit target for the fiscal year starting in April to help finance a sharp increase in spending in the rural areas and on healthcare.

Rupee Plunges To 6-Week Low Against US Dollar Today: 5 Updates

Business | NDTV Profit Team | Tuesday February 6, 2018

The rupee has been on a weakening streak since the start of this month. The rupee had plunged by 44 paise against the US dollar on Budget day (Thursday), after the government announced a long-term capital gains (LTCG) tax on equities and set a fiscal deficit target at a wider-than-expected 3.3 per cent for FY19.

India's Fiscal Deficit Slippage Has No Material Impact, Says Moody's

Business | Press Trust of India | Monday February 5, 2018

Finance Minister Arun Jaitley raised the government's fiscal deficit target for 2017-18 to 3.5 per cent of the GDP.