Fiscal Deficit Target

Fiscal Deficit Reaches Over 78% At Rs 5.54 Lakh Crore Till August-End

Business | Press Trust of India | Monday September 30, 2019

The deficit was at 86.5 per cent of the 2018-19 Budget Estimate (BE) in corresponding month a year ago.

Government May Ask For Rs 30,000 Crore Interim Dividend From RBI: Report

India News | Reuters | Sunday September 29, 2019

The government may request an interim dividend of around Rs 30,000 crore from the Reserve bank of India (RBI) in order to meet its fiscal deficit target, Mint newspaper reported on Sunday citing news agency Press Trust of India.

"Not Revising Target": Nirmala Sitharaman On Fiscal Deficit After Tax Cut

India News | Reuters | Sunday September 22, 2019

The government will not revise its fiscal deficit target immediately and is not planning any spending cuts at this stage, Finance Minister Nirmala Sitharaman said on Sunday, after slashing corporate tax rates to boost a flagging economy.

India May Miss Fiscal Deficit Target Amid Pressure For More Stimulus: Report

Business | Thomson Reuters | Wednesday September 4, 2019

Tax collections could fall by as much as Rs 1 lakh crore ($14 billion), or 4 per cent of $344 billion annual target, according to the report.

April-July Fiscal Deficit Crosses 77% Of Budgeted Target

Business | Thomson Reuters | Friday August 30, 2019

Net tax receipts in the first four months of the fiscal year were Rs 3.39 lakh crorerupees, while total expenditure was Rs 9.47 lakh crore rupees, government data showed.

April-June Fiscal Deficit Reaches 61% Of Budgetary Target

Business | Indo-Asian News Service | Wednesday July 31, 2019

Central government's total expenditure stood at Rs 7.21 lakh crore (25.9 per cent of the budget estimates) and total receipts were Rs 2.89 lakh crore.

Government Aims To Raise Rs 15,000 Crore By Cutting Stakes In 18 Firms: Report

Business | Thomson Reuters | Monday July 8, 2019

The government need funds to meet its fiscal deficit target of 3.3 per cent set for this fiscal year to March 2020.

"Commitment To Restrict Fiscal Deficit A Good Intent, But...": How Economists Are Reading Budget 2019

Business | NDTV Profit Team | Friday July 5, 2019

Union Budget 2019: The government said it saw fiscal deficit at 3.3 per cent of GDP in the current financial year, a reversal of the relaxation to 3.4 per cent announced in the interim Budget.

Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points

Business | NDTV Profit Team | Saturday July 6, 2019

Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...

Tighter FY20 Fiscal Deficit Target Challenging To Achieve: Moody's

Business | Thomson Reuters | Friday July 5, 2019

Finance Minister said the government would cut its fiscal deficit target to 3.3% of gross domestic product (GDP) for the year ending March 2020.

Budget 2019: Government Lowers Fiscal Deficit Target To 3.3% For FY20

India News | Press Trust of India | Friday July 5, 2019

"The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent," Finance Minister said while presenting Budget for 2019-20.

General Fiscal Deficit Pegged At 5.8% In Economic Survey

Business | ANI | Thursday July 4, 2019

In the interim Budget presented in February, the government had revised upward its fiscal deficit target to 3.4 per cent of GDP for 2018-19, from the previously estimated 3.3 per cent.

Budget 2019 Likely To Hike Spending To Combat Slumping Growth

Business | Thomson Reuters | Thursday July 4, 2019

Analysts say PM Modi, boosted by a sweeping election victory, hopes to use the budget to restart reforms and deal with a series of economic woes.

April's Fiscal Deficit At 22% Of Budgeted Target

Business | Thomson Reuters | Friday May 31, 2019

The government has set a fiscal deficit target of 3.4 per cent for 2019/20, same as 2018/19.

Next Government Seen Relying On RBI Rate Cuts To Spur Growth: Report

Business | Thomson Reuters | Wednesday May 15, 2019

The government has a fiscal deficit target of 3.4 per cent of gross domestic product for 2019-20. While the RBI is likely to be open to more policy easing, provided inflation does not surge, their impact on economic activity may be limited, given debts burdening India's state banking sector.