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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.

 Union Budget 2014: Expert views: Jaitley sticks to fiscal deficit target of 4.1%

Union Budget 2014: Expert views: Jaitley sticks to fiscal deficit target of 4.1%

Last Updated: Thursday, July 10, 2014, 15:02

Finance Minister Arun Jaitley said the country will stick to the fiscal deficit target of 4.1 percent of gross domestic product (GDP) set by the previous government for the year ending March 2015.

Union Budget 2014-15: Govt sets fiscal deficit target of 4.1%

Union Budget 2014-15: Govt sets fiscal deficit target of 4.1%

Last Updated: Thursday, July 10, 2014, 14:06

Finance Minister Arun Jaitley said his government aims to reduce the fiscal deficit to 3.6 percent and 3 percent for 2015-16 and 2016-17, respectively.

Union Budget 2014: Finance minister sparks confusion on fiscal deficit target

Union Budget 2014: Finance minister sparks confusion on fiscal deficit target

Last Updated: Thursday, July 10, 2014, 13:29

Traders said the contradiction had created confusion, although they said Jaitley may have misspoken.

Diesel subsidy to fall 25% this fiscal to Rs 1 trillion: Fitch

Last Updated: Tuesday, July 08, 2014, 19:25

Global ratings agency Fitch on Tuesday said the regular increase in diesel price to align it with market will lead to a 25 percent fall in fuel under- recoveries this fiscal at about Rs 1 trillion (Rs 1 lakh crore).

Fiscal deficit needs to be maintained at an acceptable level: Jaitley

Last Updated: Tuesday, July 08, 2014, 12:15

Fiscal deficit needs to be maintained at an acceptable level, the finance minister said on Tuesday, adding that a "judicious balance" should be struck between expenditure and tax collections.

Jaitley may peg FY'15 fiscal deficit at 4.3%: Goldman Sachs

Last Updated: Monday, July 07, 2014, 19:16

Foreign brokerage Goldman Sachs Monday said it expects new Finance Minister Arun Jaitley to peg the fiscal deficit target for FY15 at 4.3 percent, up from the 4.1 percent stated by his predecessor P Chidambaram.

Show tight control over fiscal situation, populism: Chanda Kochhar

Last Updated: Sunday, July 06, 2014, 15:34

Kochhar said the Budget would need to provide a clarity about the prospective nature of taxation.

India should avoid fiscal slippage: World Bank

Last Updated: Thursday, July 03, 2014, 15:35

The comments came after Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying "mindless populism" needs to be checked as India aims to boost growth.

FM may revise upwards fiscal deficit to 4.4%: SBI

Last Updated: Tuesday, July 01, 2014, 22:30

Finance minister Arun Jaitley may revise upwards the fiscal deficit target for the current fiscal to 4.42 percent up from 4.1 percent projected in the interim budget, says a report by the Economic Research Department of State Bank of India (SBI).

Time for bold decisions to revive economy: Arun Jaitley

Last Updated: Tuesday, July 01, 2014, 22:00

Listing out the challenges before the country, he said fiscal deficit is high, inflation is beyond acceptable limits and the fallout of Iraq crisis looms large on the economy.

April-May fiscal deficit is Rs 2.4 lakh crore

Last Updated: Monday, June 30, 2014, 17:17

The fiscal deficit in the first two months of 2014-15 was Rs 2.4 lakh crore or 45.6 percent of Budget Estimates for the whole financial year.