Fiscal deficit expected to be below 3.9% for FY16: Finance Ministry
Finance Ministry today said the fiscal deficit for 2015-16 is likely to remain below 3.9 percent of the GDP on the back of tax receipts and realisation from disinvestment.
Apr 01, 2016, 20:05 PM IST
State governments likely to run wider fiscal deficit in FY17: HSBC
State governments are likely to run wider fiscal deficit in financial year 2016-17 because of higher interest bill and wage hike pressures, an HSBC report said on Monday.
Mar 28, 2016, 18:36 PM IST
Range-bound fiscal targets can confuse markets, says Nomura
Adoption of a fiscal deficit target range before achieving the 3 percent goal will be considered as a "shallower path" in the fiscal consolidation process, Japanese brokerage Nomura said Wednesday.
Mar 23, 2016, 19:05 PM IST
Exchange rate not impacting exports: Rajan
Brushing aside the contention that exchange rate is impacting exports, RBI Governor Raghuram Rajan today said the shipments can only be increased by raising productivity, improving infrastructure and simplifying regulations, which is in the domain of the government
Mar 13, 2016, 00:40 AM IST
Chidambaram pokes holes in Centre's fiscal deficit road map
Former Union Finance Minister P Chidambaram today said the NDA government's claims to bring fiscal deficit to 3.5 per cent was built on factors like avoidance of direct borrowing and instead asking Ministries like Railways to go for it.
Mar 11, 2016, 02:57 AM IST
RBI pores over budget, worries on fiscal math
Some Reserve Bank of India (RBI) officials are worried that a populist budget could put the onus of driving growth on them but limit their ability to respond through big rate cuts this year.
Mar 03, 2016, 14:18 PM IST
Central pay hike budgeted for in ministries' allocations: Govt
With absence of an explicit overall provision for the 7th Pay Commission in Budget raising questions, government today said the once-in-a-decade pay hike has been built in as interim allocation for different ministries and Budget numbers were credible.
Mar 02, 2016, 16:05 PM IST
Fiscal discipline is of prime importance: Jaitley
In a post-Budget 2016-17 meeting with India Inc on Wednesday, Finance Minister Arun Jaitley reiterated the need for fiscal discipline and said he was optimistic of the reform process moving ahead in parliament.
Mar 02, 2016, 13:32 PM IST
Budget 2016: Arun Jaitley sticks to fiscal roadmap, FY17 deficit at 3.5%
Amid debate over balancing growth and financial management, Finance Minister Arun Jaitley Monday adhered to the fiscal consolidation roadmap by proposing to keep the deficit at 3.5 percent of GDP in 2016-17.
Feb 29, 2016, 14:33 PM IST
Govt to take balanced view on fiscal deficit target: CEA
Government is open to the idea of going in for higher fiscal deficit to propel growth in the upcoming Budget and will take a balanced view after considering various factors, Chief Economic Adviser Arvind Subramanian said.
Feb 27, 2016, 15:07 PM IST
'Budget likely to meet numbers for first time in 5 years'
For the first time in five years, revised revenue and expenditure estimates for 2015-16 are expected to be higher than the budget ones, says Infosys' former top executive T V Mohandas Pai.
Feb 19, 2016, 15:41 PM IST
Modi govt to present 'run-of-the-mill' Budget: Nomura
Government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 percent of the GDP in the next fiscal from an earlier target of 3.5 percent, a Nomura report says.
Feb 19, 2016, 15:33 PM IST
Implementation of 7th Pay Commission to impact govt's fiscal math: Deutsche Bank
According to the global financial services firm, the government is likely to meet its fiscal deficit target for the fiscal but may settle for a higher fiscal deficit target of 3.8 percent for 2016-17.
Feb 14, 2016, 17:54 PM IST
Government to meet fiscal deficit target for FY16: Deutsche Bank
The government is likely to meet its fiscal deficit target of 3.9 per cent for the current financial year and is expected to set it at 3.8 per cent of the GDP for the next fiscal, says a Deutsche Bank report.
Feb 07, 2016, 18:35 PM IST
India faces challenges in sticking to fiscal roadmap: S&P
India will face challenges in sticking to the fiscal consolidation roadmap as the expected revenues may not be fully realised and subsidy cuts may be delayed, Standard & Poor's Ratings Services said.
Jan 31, 2016, 21:39 PM IST
'RBI may slash policy rate by 0.25% on Feb 2'
Towards the end of financial year 2015-16, the Reserve Bank of India is approaching the end of its rate-cutting cycle and is expected to slash the repo rate by 0.25 percent on Feb 2
Jan 29, 2016, 14:54 PM IST
Wider deficits carry risks of delay to rating upgrades: DBS
India's fiscal deficit target for 2016-17 is likely to be adjusted higher to 3.7 percent of GDP, financial services major DBS said while highlighting that wider deficits carry the risks of a delay to rating upgrades.
Jan 26, 2016, 19:19 PM IST
'Finance Ministry, RBI keeping close watch on rupee; CAD under control'
The government proposes to bring down the fiscal deficit in current fiscal to 3.9 percent of GDP.
Jan 15, 2016, 15:24 PM IST
Will stick to fiscal consolidation roadmap in Budget: Finance Ministry
The government had set a fiscal deficit target of 3.9 per cent of the GDP for the current fiscal.
Jan 15, 2016, 12:36 PM IST
Govt may deviate from fiscal deficit path to boost growth
To promote growth, the government could consider deviating from fiscal deficit path for the next financial year and focus more on public spending, suggested economists at the pre-Budget meeting with Finance Minister Arun Jaitley.
Jan 13, 2016, 19:35 PM IST