Rating agencies say Jaitley's fiscal targets hard to achieve
Rating agencies on Friday said Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 percent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies.
Jul 11, 2014, 17:03 PM IST
Union Budget 2014: Expert views: Jaitley sticks to fiscal deficit target of 4.1%
Finance Minister Arun Jaitley said the country will stick to the fiscal deficit target of 4.1 percent of gross domestic product (GDP) set by the previous government for the year ending March 2015.
Jul 10, 2014, 15:02 PM IST
Union Budget 2014-15: Govt sets fiscal deficit target of 4.1%
Finance Minister Arun Jaitley said his government aims to reduce the fiscal deficit to 3.6 percent and 3 percent for 2015-16 and 2016-17, respectively.
Jul 10, 2014, 14:06 PM IST
Diesel subsidy to fall 25% this fiscal to Rs 1 trillion: Fitch
Global ratings agency Fitch on Tuesday said the regular increase in diesel price to align it with market will lead to a 25 percent fall in fuel under- recoveries this fiscal at about Rs 1 trillion (Rs 1 lakh crore).
Jul 08, 2014, 19:25 PM IST
Fiscal deficit needs to be maintained at an acceptable level: Jaitley
Fiscal deficit needs to be maintained at an acceptable level, the finance minister said on Tuesday, adding that a "judicious balance" should be struck between expenditure and tax collections.
Jul 08, 2014, 12:15 PM IST
Jaitley may peg FY'15 fiscal deficit at 4.3%: Goldman Sachs
Foreign brokerage Goldman Sachs Monday said it expects new Finance Minister Arun Jaitley to peg the fiscal deficit target for FY15 at 4.3 percent, up from the 4.1 percent stated by his predecessor P Chidambaram.
Jul 07, 2014, 19:16 PM IST
FM may revise upwards fiscal deficit to 4.4%: SBI
Finance minister Arun Jaitley may revise upwards the fiscal deficit target for the current fiscal to 4.42 percent up from 4.1 percent projected in the interim budget, says a report by the Economic Research Department of State Bank of India (SBI).
Jul 01, 2014, 22:30 PM IST
Time for bold decisions to revive economy: Arun Jaitley
Listing out the challenges before the country, he said fiscal deficit is high, inflation is beyond acceptable limits and the fallout of Iraq crisis looms large on the economy.
Jul 01, 2014, 22:00 PM IST
April-May fiscal deficit is Rs 2.4 lakh crore
The fiscal deficit in the first two months of 2014-15 was Rs 2.4 lakh crore or 45.6 percent of Budget Estimates for the whole financial year.
Jun 30, 2014, 17:17 PM IST
Govt may hike Plan outlay by 2% over 2013-14 budget estimates
The lower fiscal deficit reduces the government's expenditure on interest payment.
Jun 29, 2014, 11:48 AM IST
GST implementation will help narrow fiscal deficit: CRISIL
Fiscal deficit, the gap between government's expenditure and revenue, stood at 4.5 percent in FY14, lower than 4.9 percent in FY13.
Jun 23, 2014, 17:32 PM IST
Govt unlikely to substantially hike plan outlay in 2014-15
The new Government is unlikely to substantially enhance the Plan expenditure for 2014-15 in the Budget to be unveiled next month because it needs to keep fiscal deficit in check.
Jun 14, 2014, 15:06 PM IST
India should gradually reduce fiscal deficit: IMF official
To bolster economic growth, India should continue to gradually bring down the fiscal deficit and usher in fuel subsidy reforms, a senior International Monetary Fund official said.
Jun 11, 2014, 16:36 PM IST
Need to reduce cost of doing business in India: Jaitley
He also emphasised on the need for coordinated approach by all sector regulators to achieve financial stability.
Jun 10, 2014, 14:58 PM IST