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Rating agencies say Jaitley's fiscal targets hard to achieve

Rating agencies say Jaitley's fiscal targets hard to achieve

Last Updated: Friday, July 11, 2014, 17:03

Rating agencies on Friday said Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 percent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies.

Fiscal deficit in 2013-14 is 4.5% of GDP

Last Updated: Friday, May 30, 2014, 19:35

The fiscal deficit in 2013-14 stood at 4.5 percent of GDP, lower than 4.6 percent projected in the revised estimate, mainly on account of curbs on government expenditure.

Fiscal deficit likely to be around 4.5% of GDP in FY14

Last Updated: Thursday, May 01, 2014, 19:12

The fiscal deficit, which is the gap between expenditure and revenue, was 4.9 percent of GDP in 2012-13.

Going forward economy can only become stronger: Chidambaram

Last Updated: Saturday, April 26, 2014, 16:02

Chidambaram, however, said there has been shortfall in overall tax collection in the last fiscal.

Fiscal deficit in Apr-Feb at 114.3% of full year target

Last Updated: Monday, March 31, 2014, 19:55

The deficit, which is the gap between expenditure and revenue, was 97.4 percent during April-February a year ago.

CAD likely to be $35 bn in 2013-14: Chidambaram

Last Updated: Monday, March 31, 2014, 17:46

"India's forex reserves have crossed USD 300 billion. We have successfully contained fiscal deficit and current account deficit," Chidambaram said.

Pace of economic reforms depends on outcome of elections

Last Updated: Wednesday, March 26, 2014, 20:28

Global brokerage firm Morgan Stanley on Wednesday said the pace of economic reforms depends on the outcome of general elections, which, it assumed, will throw up a stable government.

Fiscal deficit exceeds revised Budget estimates

Last Updated: Friday, February 28, 2014, 20:45

According to the data released by Controller General of Accounts (CGA) today, the fiscal deficit during April-January 2013-14 worked out to be Rs 5.32 lakh crore or 101.6 percent of the revised estimates.

Budget 2014: Key Highlights

Last Updated: Monday, February 17, 2014, 18:41

Presenting the Interim Budget 2014 in Parliament, Finance Minister P Chidambaram on Monday slashed excise duty on cars and two-wheelers, capital goods and a variety of consumer items like TV and refrigerators to boost demand and manufacturing.

'Chidambaram may positively surprise markets on deficit front'

Last Updated: Thursday, February 13, 2014, 16:27

In the run-up to the general elections, Chidambaram will present the vote-on-account next Monday.

Govt unlikely to meet fiscal deficit target of 4.8%: UN Report

Last Updated: Thursday, February 13, 2014, 15:11

Ahead of interim Budget, a United Nations report today said the government is unlikely to meet fiscal deficit target of 4.8 per cent of the GDP in the current fiscal due to low growth and high subsidy.

Fiscal deficit likely to come down to 4.7% in 2013-14

Last Updated: Sunday, February 09, 2014, 11:54

"Fiscal deficit will be restricted at 4.7 percent, but it will happen by credible means. The realisation from spectrum auction will help better the number," the official said.