Wed, Oct 30, 2024
The Centre's fiscal deficit at the end of the first half of financial year FY25 touched 29.4 per cent of the full-year target, government data showed on Wednesday.
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Wed, Jul 31, 2024
Unveiling the revenue-expenditure data of the union government for the first three months of 2024-25, CGA said the net tax revenue was Rs 5,49,633 crore or 21.1 per cent of the BE for the current fiscal. The net tax revenue collection was 18.6 per cent at end-June 2023.
“The government has always maintained fiscal prudence as one of the important governance principles. From the low levels of GDP during the Covid-19 pandemic, India has become the fastest-growing economy,” said the Finance Minister.
Fri, Jun 30, 2023
In actual terms, the deficit was Rs 2,10,287 crore at end-May 2023, as per the data of the Controller General of Accounts (CGA).
Sun, Mar 05, 2023
The Finance Ministry has also asked the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) to report flash figures. Besides, other non-tax and disinvestment receipts too would have to be reported on a daily basis, as per the memorandum.
Tue, Feb 28, 2023
The fiscal deficit in the first 10 months of the last financial year was 58.9 per cent of that year's target. The government of India has revised its fiscal deficit target for 2022-23 in the 2023 Budget to Rs 17.55 lakh crore from Rs 16.61 lakh crore.
Tue, Jan 10, 2023
The central government is scheduled to present its last full budget on February 1, 2023 as the Budget 2024 is likely to be interim as the country to head for general polls from April next year.
Sun, Jan 08, 2023
The upcoming Union Budget scheduled on February 01, 2023, will be the last full year budget from the Modi government ahead of the Lok Sabha elections due in early 2024.
Mon, Dec 26, 2022
Union Budget 2023: The Financial Year 2023-24 (FY23) Union Budget shall be tabled in Parliament on February 1, 2023.
Wed, Aug 31, 2022
India's fiscal deficit stood at Rs 3.41 lakh crore in April-July, accounting for 20.5 per cent of the full-year target.
Tue, Feb 01, 2022
India’s fiscal deficit for the financial year 2021-22 is estimated at 6.9%, Finance Minister Nirmala Sitharaman today said in her Union Budget 2022 speech. It was her third full budget in the Narendra Modi 2.0 government
Thu, Jan 13, 2022
“With a palpable buoyancy in tax collections, we expect the GoI’s gross tax receipts to overshoot the budgeted amount by a healthy Rs 2.5 trillion in FY2022,” Aditi Nayar, Chief Economist, ICRA Ltd said.
Tue, Dec 21, 2021
The government has initiated various measures to provide relief and financial support to various sectors of the Covid-19 hit economy, at the same time, fiscal consolidation is also under focus, the Finance Ministry said in a report.
Fri, Oct 01, 2021
In a major relief for policy makers, the government's fiscal deficit stood at Rs 4.68 lakh crore or 31.1% of the Budget Estimates (BE) at the end of August. Against this backdrop, Zee Business explains the meaning of fiscal deficit, how the government managed to contain the ballooning fiscal deficit and implications for the citizens.
Fri, Jan 15, 2021
Budget in A Minute: For all those who are excited about the Union Budget 2021, but are grappling to come in terms with the complex jargons, here is your opportunity to know it all. After explaining the meaning of Union Budget and Fiscal Deficit, Zee Business Managing Editor Anil Singhvi today explains what is Economic Survey and why it is important to us?
Wed, Jan 13, 2021
Budget in A Minute: After explaining the meaning of Union Budget, Zee Business Managing Editor Wondering today explained what Fiscal Deficit is. The Market Guru is educating the channel viewers about the most talked about aspects of the budget, yet many do not know about them. His explanations are short and simple and can be understood in just one minute
Wed, Jan 29, 2020
Budget 2020 Expectations: Prabhudas Lilladher Joint MD, Dilip Bhat expects the government to be flexible on fiscal deficit in Budget 2020 (#Budget2020ZEE). Recommends increased government spending
Wed, Jan 15, 2020
When the government spends more than it earns then this gap that is created is called fiscal Deficit
Fri, Jul 05, 2019
Data released by controller general of accounts revealed that India's fiscal deficit came in at Rs 3.66 trillion already in the first two months of FY20, which has clocked 52% of full-year budget target.
Thu, Jul 04, 2019
Economic Survey: For FY19, the government had pegged fiscal deficit target of 3.4% of GDP.
Sun, May 26, 2019
The N.K. Singh panel to review the FRBM Act recommended that the government should target a fiscal deficit of 3 per cent of the GDP in years up to March 31, 2020 cut it to 2.8 per cent in 2020-21 and to 2.5 per cent by 2023.
Thu, May 23, 2019
Fri, Mar 29, 2019
In absolute term, fiscal deficit for April-February 2018-19 was Rs 8.51 lakh crore as against the revised estimate (RE) of Rs 6.34 lakh crore for the entire year.
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