Fiscal Deficit Target

April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

Business | Reuters | Friday February 26, 2021

Fiscal Deficit Target: Net tax receipts were Rs 11.02 lakh crore, while total expenditure was Rs 25.17 lakh crore, the data showed.

High Fiscal Deficit To Pose Challenge In Lowering Debt To GDP Ratio: Rating Agency

Business | Press Trust of India | Wednesday February 10, 2021

Fitch Ratings estimated India to clock an 11 per cent growth in the fiscal beginning April and then grow at 6.5 per cent a year through to 2025-26 fiscal.

Centre To Miss Fiscal Deficit Target, Another Stimulus Expected Soon: Sources

Business | Reported by Sunil Prabhu, Edited by Abhishek Vasudev | Tuesday October 13, 2020

India's fiscal deficit crossed the annual target for 2020-21 in August government data showed. According to the data, the fiscal deficit at the end of July stood at Rs 8.21 lakh crore

Government Faces Ballooning Fiscal Deficit As Coronavirus Hits Taxes

Business | Reuters | Wednesday September 30, 2020

Net tax receipts in the five months through August declined by about 30 per cent year on year to Rs 2.84 lakh crore, even though fuel taxes rose.

Government Retains Full-Year Borrowing Target, Will Borrow Rs 12 Lakh Crore

Business | Reuters | Wednesday September 30, 2020

The government had already topped its fiscal deficit target in the first five months of the year with net federal tax receipts falling by about 30%.

Fiscal Deficit Breaches Full-Year Target Within Four Months

Business | Edited by Abhik Deb (with inputs from agencies) | Monday August 31, 2020

In June, fiscal deficit had touched record levels for the first quarter, reaching 83.2 per cent of the full-year target within first three months

"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.

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.

"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.

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.

Fiscal Deficit Target Raised To 3.8% From 3.3% For Current Financial Year

Business | Press Trust of India | Saturday February 1, 2020

The government on Saturday raised fiscal deficit target to 3.8 per cent of the GDP from 3.3 per cent pegged earlier for 2019-20 due to revenue shortage.

Budget 2020: Government Revises 2019-20 Fiscal Deficit Target To 3.8% From 3.3%

India News | Reuters | Saturday February 1, 2020

Finance Minister Nirmala Sitharaman on Saturday revised the country's fiscal deficit target to 3.8% for the current fiscal year, from an earlier target of 3.3%.

Economic Survey Hints At Relaxing Fiscal Deficit Target To Revive Growth

Business | Edited by Sandeep Singh | Friday January 31, 2020

The Economic Survey 2019-20 warns against a widening fiscal deficit, stating that the government may need to relax its target for the current financial year to revive growth. The Economic Survey, tabled in parliament a day before the Budget, however pegs economic growth at 5 per cent in the current financial year - lower than its estimate of 7 per ...

Budget 2020: Income Tax Cuts, Concessions For Home Buyers Predicted

Business | Vrishti Beniwal, Bloomberg | Saturday February 1, 2020

Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.