close

News WrapGet Handpicked Stories from our editors directly to your mailbox

India Fiscal deficit

Going for growth, India set to borrow more: Economists

The median forecast in the series from the June 28-July 2 poll of over 45 economists showed the government will revise its fiscal deficit target up to 3.5% of gross domestic product (GDP) for the current fiscal year and 3.3% for 2020-21.

Jul 03, 2019, 10:44 AM IST

Govt will meet fiscal deficit target of 3.4 percent in FY'19: SC Garg

As per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 percent for the current fiscal year ending March 31.

Mar 08, 2019, 18:08 PM IST

Farm-loan waivers to hit states fiscal deficit targets: Report

India Ratings expects the states' revenue account on aggregate to clock a deficit of 0.5 percent of GDP in FY20 due to a higher growth in revenue spends than revenue receipt.

Jan 22, 2019, 12:21 PM IST

Don't need RBI's reserves to meet fiscal deficit: Arun Jaitley

India`s fiscal deficit for the eight months till November stood at Rs 7.17 lakh crore, which is 114.8 percent of the budgeted Rs 6.24 lakh crore.

Dec 31, 2018, 18:09 PM IST

Fiscal deficit touches 115% of FY target during April- November

The fiscal deficit, or gap between expenditure and revenue, stood at Rs 7.16 lakh crore during April-November of the current financial year, reflecting deterioration in public finances.

Dec 28, 2018, 13:04 PM IST

Fiscal deficit widens in H1 of FY19

The fiscal deficit target for 2018-19 is Rs 6.24 lakh crore.

Oct 25, 2018, 16:59 PM IST

Govt determined to contain fiscal deficit at 3.3%

The government has targeted 3.3 percent fiscal deficit for the current financial year ending March 2019.

Sep 13, 2018, 11:23 AM IST

India's April-June fiscal deficit at 68.7% of FY target

Net tax receipts in the first quarter of 2018/19 fiscal year that ends in March 2019 were 2.37 trillion rupees, government data showed.

Jul 31, 2018, 16:29 PM IST

India's April-May fiscal deficit at 55.3% of full year's target

The data furnished by the Comptroller General of Accounts (CGA) showed that fiscal deficit during the like period of the previous fiscal had stood at 68.3 per cent.

Jun 29, 2018, 18:24 PM IST

High govt debt burden constrains India's sovereign rating: Fitch

The 2018-19 Union Budget unveiled yesterday contains a number of policy measures with the potential to support economic demand and social well being.

Feb 02, 2018, 11:05 AM IST

India's fiscal deficit reaches 96% of FY target in October

The deficit was 79.3 percent of the full-year target during the same period a year ago.

Nov 30, 2017, 14:56 PM IST

India's half-year fiscal deficit crosses 91% of full year target

The data revealed that total expenditure during the April-September period was Rs 11.49 lakh crore, or at 53.5 per cent of the entire fiscal`s estimate. 

Oct 31, 2017, 16:44 PM IST

Fiscal deficit touches 96.1% of budget estimate at Aug-end

In the comparable period last fiscal, revenue receipts comprising taxes and other items were 28 per cent of the target.

Sep 29, 2017, 18:20 PM IST

Sensex ends steady, but posts weekly loss

Both the Sensex and the Nifty suffered weekly losses for the third time this month, down 638.72 points, or 2 per cent, and 175.80 points, or 1.76 per cent, respectively.

Sep 29, 2017, 17:16 PM IST

Govt eyes extra $7.7 billion spending to halt economic slowdown: Sources

The official said that the economy was passing through a "transitory phase" after the government`s decision late last year to outlaw old high-value banknotes and after the launch of a nationwide goods and services tax in July.

Sep 21, 2017, 17:16 PM IST

High govt debt limits room for quick deficit reduction: Moody's

Days ahead of the budget, Moody's on Thursday said its positive outlook on India reflects expectations of continued policy reforms reducing government debt even as it feels that the high debt level limits room to cut fiscal deficit quickly.

Jan 26, 2017, 11:10 AM IST

FY18 fiscal deficit target may be set at 3-3.5% than 3%: BofA

Government's fiscal deficit target for next fiscal could be changed to a 'range' and set at 3-3.5 percent of the GDP, rather than 3 percent, says a Bank of America Merrill Lynch (BofA-ML) report.

May 20, 2016, 16:00 PM IST

'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 a

Feb 21, 2016, 12:22 PM IST

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.

Oct 05, 2015, 14:39 PM IST

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.

Aug 01, 2015, 00:32 AM IST