On December 19, 2014 15:27 (IST)
The government is committed to achieving its fiscal deficit target of 4.1 per cent of gross domestic product (GDP) for the current financial year, chief economic advisor Arvind Subramanian said on Friday.
On December 19, 2014 14:38 (IST)
The Finance Ministry said in a report on Friday that the economy faces a "major challenge" in achieving its 2014-15 fiscal deficit aim of 4.1 per cent of gross domestic product - its lowest in seven years.
On December 09, 2014 20:50 (IST)
Despite an increase in the current account deficit in the second quarter of the current fiscal year, Finance Minister Arun Jaitley said on Tuesday that there is no cause for concern as forex reserves are comfortable.
On December 09, 2014 20:21 (IST)
Analysts have allayed fears of a widening current account deficit, which was at 2.1 per cent of GDP for the July-September period, and pegged it in the range of 1.4 to 1.8 per cent for fiscal year 2014-15 due to falling crude oil prices.
On December 05, 2014 16:20 (IST)
Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got underway today. The government is selling 5 per cent stake in state-run SAIL, India's second largest steel manufacturer by market value, to meet its di...
On December 02, 2014 11:56 (IST)
The central bank's talks with the government suggest "things will be on track with respect to fiscal deficit," he added during a press conference with reporters.
On November 28, 2014 21:14 (IST)
With government borrowing touching 90 per cent of the budgeted target till October, brokerages have said this may force Finance Minister Arun Jaitley to announce another round of spending cuts.
On November 28, 2014 14:39 (IST)
India's fiscal deficit was Rs 4.76 lakh crore ($76.77 billion) during April-October, or 89.6 per cent of the full-year target, government data showed on Friday.
On November 13, 2014 22:45 (IST)
For 2014-15, fiscal deficit - gap between government expenditure and revenue - has been pegged at Rs 5.31 lakh crore or 4.1 per cent of GDP.
On November 13, 2014 15:34 (IST)
The global financial services firm also said the government will cut spending to meet fiscal deficit target.
On November 07, 2014 20:50 (IST)
Domestic ratings agency India Ratings on Friday revised down its economic growth estimate for fiscal year 2014-15 marginally to 5.6 per cent citing poor industrial performance, and warned that the government will slip on the fiscal deficit front.
On November 03, 2014 15:04 (IST)
Fiscal reforms such as subsidy rationalisation and GST could help the government meet its fiscal consolidation goal of 3 per cent fiscal deficit by financial year 2017, says a Citigroup research report.
On October 31, 2014 17:29 (IST)
Finance Minister Arun Jaitley said on Friday that increased tax refunds in the current financial year (2014-15) are leading to a higher fiscal deficit, which neared 83 per cent of full year target in the April-September 2014.
On October 31, 2014 17:19 (IST)
India's fiscal deficit was Rs 4.39 lakh crore during April-September, or 82.6 per cent of the full-year target, government data showed on Friday.
On October 19, 2014 16:58 (IST)
The Modi government has done the right thing by decontrolling diesel prices. This single reform will have a huge ripple effect in the rest of the economy. For years, diesel has remained the elephant in the room in any discussion on the massive petrol...
On October 09, 2014 00:01 (IST)
The US budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday.
On October 02, 2014 18:28 (IST)
Fiscal deficit, the gap between government expenditure and revenue, could be contained at budgeted levels with better manoeuvrability on the expenditure front along with the focus on disinvestment, Citigroup said in a research note.
On September 30, 2014 22:24 (IST)
India's fiscal deficit was Rs 3.98 lakh crore ($64.4 billion) during April-August, or about 74.9 per cent of the full-year target, government data showed on Tuesday.
On September 22, 2014 22:08 (IST)
India's current account deficit is likely to narrow down to 1.7 per cent of gross domestic product (GDP) this fiscal year (2014-15) but may widen to 2.3 per cent in FY16, according to a report by global financial services major.
On September 22, 2014 15:42 (IST)
Lower crude prices mean less government outlay for India, which imports 80 per cent of its oil needs - at a cost of $168 billion last year - and subsidizes oil products such as diesel and fertilizer.