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Fiscal deficit will be contained at 4.8% of GDP: Chidambaram

Chidambaram expressed his "unflinching commitment" to contain the fiscal deficit, at a time when the deficit in the first eight months of the fiscal year has touched 93.9 percent of the full-year target.

Fiscal deficit in Apr-Aug touches 74.6% of budget estimate

Showing signs of financial strain, the government's fiscal deficit in the first five months of the ongoing financial year has already touched 74.6 percent of the budget estimate.

'Non-oil trade deficit to be much lower in current fiscal'

The non-oil trade deficit in the current financial year is likely to be much lower at USD 65-72 billion as against the USD 81.8 billion in 2012-13 on account of curbs on gold imports, according to an Assocham study.

Fiscal deficit may be less than 5.2% in 2012-13: Chidambaram

Finance Minister P. Chidambaram Monday said fiscal deficit in the current financial year is likely to be less than the provisional figure of 5.2 percent announced in the national budget last week.

Moody's retains rating outlook, wants India to contain deficit

Moody's expect Indian economy to grow by 5.4 percent in the current fiscal and 6 percent in 2013-14. Last fiscal, the economy grew by 6.5 percent.

Govt will contain fiscal deficit, pursue reforms: FM

The government will take all steps to contain fiscal deficit and pursue reforms to deal with economic challenges, Finance Minister P Chidambaram said Wednesday.