'Government can opt for longer route to 3% fiscal deficit target'

'Government can opt for longer route to 3% fiscal deficit target'

New Delhi, Feb 21 (PTI) Government can change its fiscal targets and instead go for a longer route to the 3 percent target to support demand till the time private sector recovers, a survey of tax and finance executives has revealed.

Tax collection to fall short of target: Finance Ministry

Tax collection to fall short of target: Finance Ministry

Finance Ministry shared concerns that revenue collection will fall short by Rs 50,000 crore, but sounded optimistic in meeting fiscal deficit target for 2015-16.

April-June fiscal deficit at 51.6% of Budget estimates

April-June fiscal deficit at 51.6% of Budget estimates

The fiscal deficit in the first three months of current fiscal stood at Rs 2.86 lakh crore or 51.6 per cent of Budget estimates for 2015-16.

India's GDP growth will be 7.5% this year: Jaitley

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.

Cabinet likely to consider sale of stake in Indian Oil today

CCEA will discuss the possible sale of a 10 percent stake in Indian Oil Corp as the government finds ways to meet its fiscal deficit target.

Election result was a great mood changer; restarting growth cycle top agenda: Jaitley

Exuding confidence over the prospects of further growth of India's economy, Finance Minister Arun Jaitley on Saturday said that the mood of the country changed when the election results were announced.

Spending cut may not adversely impact growth: Goldman Sachs

Experts have for long been arguing about a possible re-allocation of resources for capital spending rather than current spending, to boost the growth.

Arun Jaitley promises to narrow fiscal deficit to 4.1%

Jaitley hoped that RBI might cut rates as inflation shows stable slowing down.

India's April-June fiscal deficit stands at $49.2 billion

The deficit was 48.4 percent during the comparable period in the previous fiscal year.

High fiscal deficit exposing India to shocks: Moody's

India's credit outlook will depend on government's initiatives in the next month's budget to contain expenditure, Moody's said.

India's CAD expected to come down to $32 billion: Chidambaram

Chidambaram said that fiscal deficit target of 4.6 percent as per revised estimate for FY14 has been achieved.

Fiscal deficit to touch 5.2% in FY14: Crisil

Ratings agency Crisil Monday said government will overshoot its 4.8 percent fiscal deficit target by 0.40 percent this fiscal and suggested state-run companies should dip into their cash reserves to narrow the gap by paying extra dividends.

No compromise on fiscal consolidation, says Chidambaram

Brushing aside apprehensions expressed by a rating agency, Finance Minister P Chidambaram on Wednesday said the government will stick to the path of fiscal consolidation and endeavour to narrow the deficit to 3 percent of gross domestic product by 2016-17.

Defeat of Congress may lead to higher fiscal deficit: Fitch

For the current fiscal, the government has set fiscal deficit target of 4.8 percent of the GDP.

Containing fiscal deficit can be a challenge: RBI

"Containing fiscal deficit in 2013-14 within the budgetary limit could be a challenge, given the level of gross fiscal deficit during the current fiscal so far," RBI said in its macroeconomic and monetary developments report released on the eve of the second quarter monetary policy announcement.

Fiscal deficit at 63% of budget estimates in July-end

India's fiscal deficit during the April-July period was 3.41 trillion rupees, or 62.8 percent of the full-year target, government data showed on Friday.

Rocky road ahead for India: Standard & Poor's

Global rating agency Standard and Poor's Wednesday cautioned that large deficit economies including India could face more economic problems in the near term.

"Fears of subsidy overshoot on food programme baseless"

Government Wednesday dismissed fears of any sharp spike in fiscal deficit this year because of the food security programme that will be implemented once the legislation is through in Parliament.

Rupee's fate linked to Narendra Modi?

India's economy has been continuously facing pressure on account of rupee depreciation.

Govt will achieve fiscal deficit target for FY'14: Mayaram

The government will be able achieve the fiscal deficit target of 4.8 percent in the current financial year even if the Food Security programme is implemented this year, a top finance ministry official said Thursday.