Jaitley to address RBI board on March 22
Finance Minister Arun Jaitley will address board members of the Reserve Bank here on March 22 to inform them about steps taken in the Budget for 2015-16 to boost economic growth and contain fiscal deficit.
Mar 08, 2015, 11:09 AM IST
Fiscal deficit at Rs 5.68 lakh cr, breaches budget estimates
Fiscal deficit rose to Rs 5.68 lakh crore in April-January period, breaching the budget estimate by 107 percent which may call for harder measures by the government to meet the target of 4.1 percent of the GDP for full 2014-15 financial year.
Mar 02, 2015, 23:13 PM IST
April-Jan fiscal deficit overshoots full-year target: Govt
India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March, government data showed on Monday.
Mar 02, 2015, 18:32 PM IST
Budget shows commitment to keep fiscal deficit low: S&P
India`s budget for 2015-16 highlighted the government`s commitment to keeping the fiscal deficit low, ratings agency Standard and Poor`s said, adding that the country`s debt burden and subsidy bill could constrain its ratings.
Mar 02, 2015, 10:47 AM IST
Test for reform zeal of Modi in make-or-break budget
Prime Minister Narendra Modi`s stomach for free-market economics faces a major test on Saturday, in a budget India`s top economic advisor has warned could wreck the leader`s promises of "good days" if there`s no roadmap to reform.
Feb 28, 2015, 03:03 AM IST
Budget 2015: Govt likely to meet 4.1% fiscal deficit target, say analysts
As the BJP-led ruling coalition at the Centre gets ready to present its first full-fledged Budget, analysts said the government is most likely to meet its ambitious 4.1 percent fiscal deficit target, helped by lower oil prices.
Feb 23, 2015, 22:53 PM IST
Fiscal deficit, low income constrain India's rating: S&P
Days ahead of the Union Budget, global rating agency Standard & Poor's today warned that India's weak fiscal and debt indicators, coupled with the low income levels, "constrain" the sovereign rating.
Feb 23, 2015, 15:16 PM IST
Cabinet Secy asks bureaucrats to 'strictly' follow austerity code
Seeking to contain expenditure, the Cabinet Secretary has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding conferences and meetings in five-star hotels.
Feb 19, 2015, 15:57 PM IST
Arun Jaitley hints at more spending cuts
Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money.
Feb 06, 2015, 13:24 PM IST
Oil Ministry seeks Rs 22,101 cr in fuel subsidy for H2 2014-15
Oil Ministry has sought Rs 22,101 crore in subsidy to cover for losses on LPG and kerosene sale in the second half of current fiscal so as to almost exempt oil producer ONGC and Oil India Ltd from any payments.
Feb 03, 2015, 21:28 PM IST
Telecom Minister meets Jaitley; discusses spectrum auction
Telecom Minister Ravi Shankar Prasad held a meeting with Finance Minister Arun Jaitley to discuss the upcoming spectrum auction and using the revenue generated to meet government's fiscal deficit target for current fiscal.
Feb 03, 2015, 18:04 PM IST
Fiscal deficit target of 4.1% GDP likely to be met: Citi
The fiscal deficit target of 4.1 percent of GDP for 2014-15 is likely to be met though the fiscal trends are "weak", it said.
Feb 01, 2015, 11:20 AM IST
Fiscal targets likely to be met: Arun Jaitley
Finance Minister Arun Jaitley on Tuesday said fiscal deficit targets for current year are likely to be met and manufacturing sector is showing turnaround signs.
Jan 27, 2015, 13:11 PM IST
Jalan panel for cut in fiscal deficit to 3.6% in 2015-16
Ahead of the Budget, the Expenditure Management Commission, headed by Bimal Jalan, has recommended to the government that it cut fiscal deficit to 3.6 percent of the GDP during 2015-16.
Jan 21, 2015, 23:58 PM IST
Industry, govt officials for fiscal benefits to boost manufacturing
To boost manufacturing growth under 'Make in India' programme, industry leaders and top government officials have suggested duty cuts, easier land acquisition norms and fiscal incentives for research and development especially in sectors like defence.
Jan 04, 2015, 13:20 PM IST
Fiscal deficit position to improve in Jan-Mar quarter: Finance Ministry
The Finance Ministry is expecting an improvement in the fiscal position in January-March quarter on a likely pick up in tax revenue realisation, receipts from spectrum auction and stake sale of PSUs.
Jan 01, 2015, 20:59 PM IST
'Meeting fiscal deficit target of 4.1% looks challenging'
Meeting the budgeted fiscal deficit target of 4.1 percent of GDP for the current financial year looks "challenging", says Japanese brokerage firm Nomura.
Jan 01, 2015, 14:48 PM IST
Govt committed to meet 4.1% fiscal deficit target: CEA
The government is committed to containing fiscal deficit at 4.1 percent of the GDP this fiscal, Chief Economic Advisor Arvind Subramanian said on Friday.
Dec 19, 2014, 19:04 PM IST
CAD at comfortable level, but there are risks: Raghuram Rajan
Reserve Bank Governor Raghuram Rajan on Thursday said the current account deficit (CAD), which has widened to USD 10.1 billion or 2.1 percent of GDP in July- September period, is still at comfortable level although there are risks.
Dec 11, 2014, 18:12 PM IST
'RBI to ease rates by 50 bps in 2015, first cut likely in Feb'
The RBI is expected to lower policy rates by 50 basis points in 2015 with the first rate cut likely as early as February next year on the back of slowing inflation, global brokerage firm Morgan Stanley said.
Dec 07, 2014, 10:54 AM IST