Will meet 3.9% fiscal deficit target: Jayant Sinha
Government on Friday said it is on course to meet the fiscal deficit target of 3.9 percent of GDP for 2015-16, and 3.5 percent next fiscal, despite pressure of additional outgo on account of the 7th Pay Commission and OROP.
Dec 18, 2015, 14:48 PM IST
Real possibility of govt delaying fiscal deficit targets: Fitch
Managing fiscal arithmetic after implementing seventh pay panel recommendations will be a challenge and there is a "real possibility" of Finance Minister Arun Jaitley delaying the fiscal consolidation plan again, Fitch said Tuesday.
Dec 08, 2015, 17:53 PM IST
Meeting fiscal deficit not impossible post govt pay hikes: RBI
Stressing on the need to protect the quality of fiscal deficit, RBI Governor Raghuram Rajan Tuesday said implementing the recommendations of the 7th pay commission is a hard task but not impossible.
Dec 01, 2015, 20:02 PM IST
India's April-October fiscal deficit touches 74 percent of full-year target
India`s fiscal deficit reached 4.11 trillion rupees ($61.67 billion) during April-October or 74 percent of the full-year target, government data showed on Monday.
Dec 01, 2015, 00:40 AM IST
10-year bond yield rises on concerns FY16 fiscal gap may widen
The yield of 10-year bond - 7.72 percent-2025 - ended at 7.69 percent from previous close of 7.67 percent.
Nov 20, 2015, 20:04 PM IST
Fiscal deficit hits 68% of Budget estimate in first half
The fiscal deficit is the gap between expenditure and revenue.
Oct 30, 2015, 19:01 PM IST
Disinvestment shortfall not to upset fiscal deficit target: Arun Jaitley
There is no cause for concern on fiscal deficit and the government will meet its target for the current fiscal despite certain challenges on the disinvestment front, Finance Minister Arun Jaitley said on Tuesday.
Oct 27, 2015, 13:43 PM IST
India to meet fiscal targets despite revenue drop: BofA-ML
Government is likely to meet its fiscal deficit target this year despite risks of shortfall in tax collection and disinvestment proceeds, as it may go for a small reduction in public spending, says a report.
Oct 22, 2015, 20:02 PM IST
OROP, Pay Commission will not impact fiscal deficit: Sinha
Implementation of One Rank One Pension (OROP) and increase in salary bill due to 7th Pay Commission will not strain government's fiscal position, Minister of State for Finance Jayant Sinha said Monday.
Oct 19, 2015, 23:13 PM IST
April-August fiscal deficit at 66.5% of Budget estimate
The fiscal deficit in the first five months of the current fiscal ended August stood at Rs 3.69 lakh crore, or 66.5 percent, of Budget estimates for 2015-16.
Sep 30, 2015, 21:40 PM IST
Confident of maintaining fiscal deficit at 3.9%: FM Jaitley
Pitching for steps to strengthen 'real economy' of India, Finance Minister Arun Jaitley on Monday said he is confident of maintaining fiscal deficit at 3.9 per cent in the current financial year.
Sep 28, 2015, 19:33 PM IST
Government to borrow $37.7 bn in Oct-March: Source
The government will borrow a gross 2.49 trillion rupees ($37.70 billion) between October and March, or the second half of the 2015/16 fiscal year, a source familiar with the details told Reuters on Monday.
Sep 28, 2015, 19:00 PM IST
Confident of maintaining 3.9% fiscal deficit target this year: Arun Jaitley
Zee Media Bureau
Sep 28, 2015, 18:15 PM IST
Indian economy to outpace 7.3% growth of last fiscal: FM Jaitley
Aiming to reap significant benefits from continuing reforms, Finance Minister Arun Jaitley on Monday said all macroeconomic parameters including fiscal deficit and inflation appear positive and hoped that GDP growth would outperform 7.3 per cent rate of last year.
Sep 21, 2015, 12:54 PM IST
Govt to continue reforms, will contain fiscal deficit: Finance Minister Arun Jaitley
Implementation of GST is very high on the priority list of the government, Finance Minister Arun Jaitley on Sunday said while expressing commitment to continuing reforms and containing fiscal deficit.
Sep 20, 2015, 22:55 PM IST
OROP payout unlikely to scuttle fiscal deficit target: Nomura
Financial services major Nomura Monday said though the implementation of 'One Rank, One Pension (OROP)' is going to put fiscal burden to the tune of around Rs 10,000 crore, the government is unlikely to miss the fiscal deficit target this year.
Sep 07, 2015, 18:51 PM IST
OROP no threat to fiscal arithmetic: Jayant Sinha
Government Monday ruled out the possibility of additional financial burden of Rs 8,000-10,000 crore on account of OROP scheme hurting the fiscal consolidation programme, saying there was "space" to absorb it.
Sep 07, 2015, 18:06 PM IST
OROP to cost Rs 16,000 crore in FY16; to impact fiscal math: HSBC
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore in the current financial year, says an HSBC report.
Sep 07, 2015, 17:11 PM IST
April-July fiscal deficit at 69.3% of Budget estimates
The fiscal deficit in the first four months of current financial year stood at Rs 3.85 lakh crore, or 69.3 of Budget estimates for 2015-16, as government stepped up its plan expenditure.
Aug 31, 2015, 19:26 PM IST
Govt can spend Rs 37,200-cr more and still meet deficit target
The government can spend an additional Rs 37,200 crore more this fiscal year in infra investments or bank recapitalisation and still not miss the 3.9 percent fiscal deficit target, the domestic ratings agency India Ratings said in a report Wednesday.
Aug 26, 2015, 22:49 PM IST