Fiscal deficit

Arguments between Finance Ministry and RBI are a good sign for the economy: Sanjeev Sanyal

Arguments between Finance Ministry and RBI are a good sign for the economy: Sanjeev Sanyal

Here are the edited excerpts of exclusive interview with Principal Economic Adviser Sanjeev Sanyal.

Jun 12, 2018, 16:15 PM IST
Arun Jaitley hits out at Chidambaram, says economy was in hands of a ‘terrible doctor’ under UPA govt

Arun Jaitley hits out at Chidambaram, says economy was in hands of a ‘terrible doctor’ under UPA govt

He said that the country was named in the fragile five economies in the world when P Chidambaram was the finance minister.

Feb 09, 2018, 22:43 PM IST
Fiscal deficit slippage is due to shortfall of GST revenue of 1 month, says Arun Jaitley

Fiscal deficit slippage is due to shortfall of GST revenue of 1 month, says Arun Jaitley

FM Jaitley said that direct tax collections are up 19.3% in April-Jan period as a result of the campaign against black money, GST.

Feb 09, 2018, 21:59 PM IST
Government confident of meeting fiscal deficit target: Economic Affairs Secretary

Government confident of meeting fiscal deficit target: Economic Affairs Secretary

The Finance Ministry is confident of meeting next year's fiscal deficit target of 3.3 per cent, citing lesser uncertainties ahead.

Feb 04, 2018, 14:28 PM IST
Fiscal deficit to overshoot to 3.5% from earlier estimate of 3.2% in FY'18

Fiscal deficit to overshoot to 3.5% from earlier estimate of 3.2% in FY'18

Fiscal deficit has a bearing on sovereign rating of the country as well as the debt market.

Feb 01, 2018, 13:14 PM IST
Rs 80K crore PSB recap bonds won't impact fiscal deficit: Finmin

Rs 80K crore PSB recap bonds won't impact fiscal deficit: Finmin

These bonds will not have Statutory Liquidity Ratio (SLR) and have tenure of 10-15 years, Economic Affairs Secretary S C Garg told reporters here.

Jan 24, 2018, 17:54 PM IST
Fiscal deficit breaches FY18 target at November-end

Fiscal deficit breaches FY18 target at November-end

During the same period of 2016-17, the deficit stood at 85.8 percent of that year's target.

Dec 29, 2017, 16:16 PM IST
Farm loan waivers to raise state deficits by Rs 1.08 trillion: Report

Farm loan waivers to raise state deficits by Rs 1.08 trillion: Report

The combined fiscal deficit of the states for FY18 has been budgeted at 2.7 percent of GDP or Rs 4.48 trillion.

Dec 18, 2017, 17:19 PM IST
FPIs net outflow from equities at Rs 4,000 crore in December so far

FPIs net outflow from equities at Rs 4,000 crore in December so far

The outflow comes following an eight month high inflow of Rs 19,728 crore in November, mainly due to the government's plan to recapitalise PSU banks and surge in India's ranking in the World Bank's ease of doing business.

Dec 10, 2017, 11:56 AM IST
Why the Sensex plunged over 453 points today

Why the Sensex plunged over 453 points today

The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 percent, down at 10,226.55.

Nov 30, 2017, 16:09 PM IST

BNP Paribas sees deficit target missing on GST, infra spend

The report, however, noted that the intense policy action of the last 15-18 months are likely to "bear fruit" for the economy from second half of 2018-19.

Nov 21, 2017, 22:31 PM IST
Sensex fall from record highs, drop 371 points for the week

Sensex fall from record highs, drop 371 points for the week

The volatile trading week saw sustained selling couple of trading sessions, while buying in fundamentally strong stocks somewhat helped to cap larger losses.

Nov 11, 2017, 12:46 PM IST

Rs 2.11 lakh crore PSU bank recap plan credit positive: Moody's

Moody's Investors Service on Wednesday said the government's plan to infuse Rs 2.11 lakh crore in PSU banks is "significant credit positive" as it will help address the problem of weak capitalisation.

Oct 25, 2017, 14:16 PM IST

PSU bank recap plan monumental step forward: Urjit Patel

Finance Minister Arun Jaitley yesterday announced that Rs 2.11 lakh crore would be infused in PSU banks over two years, of which Rs 1.35 lakh crore will be through recapitalisation bonds.

Oct 25, 2017, 14:15 PM IST
CEA pegs interest cost of recapitalisation bonds at Rs 9,000 crore

CEA pegs interest cost of recapitalisation bonds at Rs 9,000 crore

Yesterday, Finance Minister Arun Jaitley unveiled an unprecedented Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.

Oct 25, 2017, 14:07 PM IST
Cabinet defends big reforms, approves Rs 2.11 lakh crores for public sector banks

Cabinet defends big reforms, approves Rs 2.11 lakh crores for public sector banks

Finance Minister Arun Jaitley on Tuesday said the Indian economy is on a strong wicket with sound macro-economic fundamentals.

Oct 24, 2017, 18:11 PM IST
Never talked about fiscal stimulus: Arun Jaitley

Never talked about fiscal stimulus: Arun Jaitley

The media has spoken about it and "you should ask" them on it, Jaitley said when asked whether the government was considering a massive fiscal stimulus package.

Oct 15, 2017, 11:34 AM IST

Govt should relax fiscal deficit targets, boost expenditure: Assocham

In a statement, the chamber said India Inc is looking up to the government to take the 'out of ordinary' measures, citing "concerns over slowdown in growth due to the transient disruptions in the economy following GST implementation and the remaining over-hang of demonetisation".

Oct 01, 2017, 14:39 PM IST

Yashwant Sinha, the Economy of India and the Bharatiya Janata Party

 And this is not the first time someone is pointing to the imminent crisis — an economic slowdown is not Lord Voldermort’s name that can’t be uttered. It needs to be identified and dealt with. 

Sep 28, 2017, 16:55 PM IST
'CAD likely at 1.5% of GDP in 2017; funding not a constraint'

'CAD likely at 1.5% of GDP in 2017; funding not a constraint'

Nomura expects current account deficit likely at 1.5 per cent of GDP in 2017 but noted that funding will not be a constraint.

Sep 18, 2017, 11:27 AM IST

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