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fiscal deficit

Fiscal deficit in April-September at 29.4 pc of full-year target: Govt data

Fiscal deficit in April-September at 29.4 pc of full-year target: Govt data

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.

Fiscal deficit stood at 8.1% of full-year target at June-end: CGA data

Fiscal deficit stood at 8.1% of full-year target at June-end: CGA data

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.

India on track to achieve target of 4.5% fiscal deficit by FY26: Nirmala Sitharaman

India on track to achieve target of 4.5% fiscal deficit by FY26: Nirmala Sitharaman

Wed, Jul 31, 2024

“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.

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Fiscal deficit crosses 134 pc of budget estimate at Feb-end

Fiscal deficit crosses 134 pc of budget estimate at Feb-end

Fri, Mar 29, 2019

However, Economic Affairs Secretary S C Garg told reporters that the government is committed to restrict the fiscal deficit at 3.4 per cent of the Gross Domestic Product (GDP) as envisaged in the Budget.

Fiscal deficit under revised target due to cut in non-essential expenditure

Fiscal deficit under revised target due to cut in non-essential expenditure

Mon, Mar 25, 2019

As the 2019 fiscal nears its end, the Finance Ministry's fiscal managers say the revised deficit target of 3.4 per cent is under control even as the government is braving to bear shortfalls in both direct and indirect taxes by lowering ' non essential ' expenditures.

Small savings, March taxes to keep fiscal deficit in control

Small savings, March taxes to keep fiscal deficit in control

Fri, Mar 01, 2019

"We have lots of flows in small savings banks; and the flow is really robust and high," Economic Affairs Secretary Subhash Chandra Garg said here on the sidelines of a Securities and Exchange Board of India (SEBI) meeting.

Revised GDP to check fiscal deficit to 3.1% in FY20: Chief Economic Adviser Krishnamurthy Subramanian

Revised GDP to check fiscal deficit to 3.1% in FY20: Chief Economic Adviser Krishnamurthy Subramanian

Wed, Feb 06, 2019

"Given the kind of headwinds that we are facing, especially on globalisation front, it`s very critical for us to build robust buying power in the domestic economy.

April-December fiscal deficit in India crosses 112% of target

April-December fiscal deficit in India crosses 112% of target

Tue, Feb 05, 2019

The data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding nine months of the previous fiscal was 13.6 per cent.

Moody's doubts Modi's 3.4 percent fiscal deficit in FY 2019-20

Moody's doubts Modi's 3.4 percent fiscal deficit in FY 2019-20

Sun, Feb 03, 2019

"While the government's growth assumptions appear reasonable, we think the government will continue to face challenges in meeting its fiscal targets, primarily due to structural increases in spending and difficulties in raising revenue further," Fang told PTI in an interview.

Budget 2019: Deficit for current fiscal pegged higher at 3.4%

Budget 2019: Deficit for current fiscal pegged higher at 3.4%

Fri, Feb 01, 2019

The announcement was made by acting Finance Minister Piyush Goyal while presenting the Interim Budget for 2019-20 with the general elections due to take place within months.

Budget 2019: 6 key things that will decide fate of India's finances in FY19-20

Budget 2019: 6 key things that will decide fate of India's finances in FY19-20

Fri, Feb 01, 2019

Budget 2019: Interim Finance Minister Piyush Goyal will announce interim Union Budget 2019 on the morning of February 01.

Fiscal deficit target: Good news for India coming?

Fiscal deficit target: Good news for India coming?

Thu, Jan 31, 2019

As the government may be carrying forward a minimal cash balance into FY20, there could be minimum buybacks in next fiscal, a report by SBI Research said.

Budget In A Minute: Anil Singhvi explains what is 'Fiscal Deficit'

Budget In A Minute: Anil Singhvi explains what is 'Fiscal Deficit'

Mon, Jan 28, 2019

In this special segment of Zee Business, Anil Singhvi talks about 'Fiscal Deficit'. Watch the video to know more.

Big worry for India, Centre set to miss fiscal deficit target by a full 40 bps, says report

Big worry for India, Centre set to miss fiscal deficit target by a full 40 bps, says report

Fri, Jan 25, 2019

As of November, it has used up 115 percent of its budgeted market borrowings amidst slowing GST collections and a poor show on the divestment side. Against the Rs 80,000 crore budgeted target, it has achieved only around Rs 15,000 crore so far.

Budget 2019: What is GST, Fiscal Deficit, Primary Deficit to Revenue Deficit and more, all you want to know in brief

Budget 2019: What is GST, Fiscal Deficit, Primary Deficit to Revenue Deficit and more, all you want to know in brief

Mon, Jan 21, 2019

As ceremonial beginning of printing of Union Budget 2019 commenced today with Halwa Ceremony in North Block, where both the MoS (Finance) jointly launched the ceremony and shared the sweet dish with the Ministry officials.

Government may miss divestment target by Rs 20K cr: Report

Government may miss divestment target by Rs 20K cr: Report

Fri, Jan 18, 2019

Fiscal deficit will come at 3.5 percent as against the targeted 3.3 percent on the shortfall in disinvestment mop-up and also the dip in the GST collections, domestic rating agency Care Ratings said Friday.

Meeting Fiscal deficit target for FY 2018-19 will be challenge for govt: Experts

Meeting Fiscal deficit target for FY 2018-19 will be challenge for govt: Experts

Mon, Jan 14, 2019

Fiscal deficit: Some of the experts have already projected that the fiscal deficit could rise to 3.5 per cent of the GDP, more than the budget estimate of 3.3 per cent of the GDP for the current fiscal. The government's fiscal deficit touched 114.8 per cent of the full-year estimates at the end of November.

Budget 2019: Fiscal deficit to play spoilsport, what will be Arun Jaitley's next step?

Budget 2019: Fiscal deficit to play spoilsport, what will be Arun Jaitley's next step?

Wed, Jan 09, 2019

Well, looks like, the Union Budget 2019 will not be much different this time as many are expecting the Finance Ministry to once again raise the target for this indicator.

Fitch ups India's growth forecast to 7.8%; flags rising oil bill as concern

Fitch ups India's growth forecast to 7.8%; flags rising oil bill as concern

Sat, Sep 22, 2018

"We have revised up our forecast for FY2018-2019 growth to 7.8 per cent from 7.4 per cent on the back of the better-than-expected 2Q18 outturn. India's growth likely peaked in 2Q18 (April-June) though," Fitch said. Growth forecast for 2019-20 and 2020-21 fiscals, however, have been cut by 0.2 percentage points to 7.3 per cent.

Narendra Modi government sticks to fiscal deficit target; silent on fuel tax cuts - Details here

Narendra Modi government sticks to fiscal deficit target; silent on fuel tax cuts - Details here

Sun, Sep 16, 2018

After the meeting, Jaitley exuded confidence of surpassing the 7-7.5 per cent GDP growth target projected in the last Budget presented on February 1, meeting capital expenditure targets, surpassing tax collections projections and exceeding the record Rs 1 lakh crore target of revenue mobilisation from government stake sale in PSUs.

In FY19 total state fiscal deficits to rise by 20bps to 2.8%

In FY19 total state fiscal deficits to rise by 20bps to 2.8%

Sat, Aug 18, 2018

The aggregate fiscal deficit of the states is likely to moderate to 2.8 per cent of GDP, 20 bps higher than the budgeted target, on the back of the states likely achieving a zero revenue balance to GDP ratio in FY19, said a report.

Will meet disinvestment targets by March 2018: Sanjeev Sanyal, Principal Economic Adviser

Will meet disinvestment targets by March 2018: Sanjeev Sanyal, Principal Economic Adviser

Tue, Jun 12, 2018

We will be able to meet the fiscal deficit target of 3.3 per cent by making certain adjustments on different fronts, Sanjeev Sanyal, Principal Economic Adviser, Ministry of Finance, told Anil Singhvi of Zee Business in an exclusive interview, adding that the public sector banks will be recapitalised after their cleansing process is completed under the prompt corrective action (PCA) framework.

How demands from Centre slashed ONGC funds from whopping $4.3 bn to just $148 mn

How demands from Centre slashed ONGC funds from whopping $4.3 bn to just $148 mn

Mon, Jun 11, 2018

ONGC’s largest shareholder, Prime Minister Narendra Modi’s government, has been tapping state-run companies including India’s biggest energy explorer to bridge its fiscal deficit. That’s left the company with depleting cash at a time when it has been ordered to boost investment to help cut the nation’s crude imports. ONGC paid 426 billion rupees last fiscal year as dividend to the government and to buy its stake in the refiner.

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