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Govt rules out farm loan waivers; will stick to fiscal targets

Govt rules out farm loan waivers; will stick to fiscal targets

Finance Minister Arun Jaitley on Tuesday ruled out any waiver of farm loan and said the Centre will adhere to fiscal targets.

 

India will clock over 7.5% growth in 2017-18: Finance Secy Ashok Lavasa

India can clock a GDP growth of over 7.5 percent in the fiscal 2017-18 and the country's macro-economic fundamentals, including fiscal deficit and inflation, are all "very sound", according to Finance Secretary Ashok Lavasa.

Govt to meet 3.5% fiscal deficit target for FY17: CGA

Govt to meet 3.5% fiscal deficit target for FY17: CGA

The government is confident of achieving the fiscal deficit target of 3.5 percent for 2016- 17, the newly appointed Controller General of Accounts (CGA), Anthony Lianzuala, said on Monday.

Govt to borrow Rs 3.72 lakh crore in Apr-Sept

Govt to borrow Rs 3.72 lakh crore in Apr-Sept

The government will borrow from markets about Rs 3.72 lakh crore in the first half of next fiscal beginning April which is 64 percent of the borrowing target for full financial year.

Fiscal deficit hits 94% of budget estimate in April-December

Fiscal deficit in the first nine months of 2016-17 touched 93.9 percent of the Budget target against 87.9 percent for the same period a year ago.

Fiscal deficit target of 3% for 2017-18 stiff at this juncture: Crisil

Fiscal deficit target of 3% for 2017-18 stiff at this juncture: Crisil

Fiscal deficit target of 3 per cent for 2017-18 looks difficult as the debt dynamics of the country show "stickiness", rating agency Crisil said on Saturday.

Budget 2017: A Detailed Overview of Economy

Budget 2017: A Detailed Overview of Economy

The economy under Modi's leadership has seen a major improvement in the past ten months on several fronts; however, certain hiccups are still there which will take time to sort out.

Finance Minister to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML

Finance Minister to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML

The ensuing budget is likely to fix a fiscal deficit target of 3.5 percent of GDP in 2017-18, relaxing the 3 percent target earlier in order to support growth, says a report.

India may clock GVA growth of 6.6% in 2016-17: Icra

India may clock GVA growth of 6.6% in 2016-17: Icra

India's gross value added growth is likely to be at 6.6 percent in 2016-17 as economic activity will take more time to normalise following the government's move to demonetise high-value notes, Icra has said.

Digital payments will help lower fiscal deficit: Jaitley

Digital payments will help lower fiscal deficit: Jaitley

Finance Minister Arun Jaitley on Saturday expressed hope that demonetisation will help increase government revenue and lower fiscal deficit, leading to higher expenditure on defence and rural infrastructure.

Fiscal deficit in April-October at 79.3% of full year estimate

Fiscal deficit in April-October at 79.3% of full year estimate

India's fiscal deficit during the seven months to October was Rs 4.24 trillion (USD 61.91 billion), or 79.3 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.

 

'Govt likely to meet next financial year's 3% fiscal deficit target'

'Govt likely to meet next financial year's 3% fiscal deficit target'

Government is expected to meet its fiscal deficit target of 3 percent for the next financial year on account of additional revenue from penalty on black money and deposits under the income disclosure, says a report.

Government raises $314 million from share sale in L&T

Government raises $314 million from share sale in L&T

India has raised 21 billion rupees ($314 million) from a stake sale in engineering group Larsen & Toubro Ltd , IFR reported on Friday, citing two sources close to the transaction.

Fiscal deficit at 76.4% of Budget estimate in Apr-Aug

Fiscal deficit at 76.4% of Budget estimate in Apr-Aug

Fiscal deficit in the first five months of the current fiscal stood at Rs 4.08 lakh crore, which was 76.4 per cent of Budget estimates for 2016-17.

Finance Ministry to pitch for ratings upgrade with Moody's

The Finance Ministry will pitch for the country's rating upgrade with global agency Moody's on Wednesday, highlighting increased pace of reforms including the GST, declining inflation and improvement in fiscal as well as current account deficit situation.

Economic prospects look bright in near term: FinMin

Indian economy is showing "bright" near-term prospects, but reducing fiscal deficit to 3.5 percent of GDP in 2016-17 is a challenge because of additional liabilities on account of pay revision, the government said.

Fiscal deficit zooms to 61% of BE in April-June quarter

Fiscal deficit zooms to 61% of BE in April-June quarter

The state of public finances showed some deterioration with the fiscal deficit crossing 61 percent of the Budget Estimates in the first quarter of 2016-17, on higher expenditure and subdued realisation of non-tax revenues.

Good monsoon may push FY17 GDP growth beyond 8%: Crisil

Good monsoon may push FY17 GDP growth beyond 8%: Crisil

A good monsoon with even rainfall distribution across regions will give a boost to farm sector and may push India's GDP growth beyond the 8 per cent mark in the current fiscal, Crisil said on Wednesday.

April-May fiscal deficit at 43% of Budget estimates

April-May fiscal deficit at 43% of Budget estimates

Fiscal deficit in the first two months of the current fiscal was Rs 2.28 lakh crore or 42.9 percent of Budget estimates for 2016-17, much higher than the year-ago period.

CEA hopeful of states containing fiscal deficit at 3% of GSDP

CEA hopeful of states containing fiscal deficit at 3% of GSDP

New Delhi: Chief Economic Adviser Arvind Subramanian today expressed hope that states will show "prudence" and contain their fiscal deficit at 3 percent of the GSDP.