On September 01, 2015 17:31 (IST)
The economics research department of State Bank of India said the dip in growth raises doubts over attaining the fiscal deficit target of 3.9 per cent and the government may have to either cut the spending or increase revenue by Rs 21,192 crore to avoid the target from slipping.
On August 31, 2015 16:53 (IST)
The fiscal deficit -- gap between expenditure and revenue -- for the entire current fiscal has been pegged at Rs 5.55 lakh crore.
On August 26, 2015 18:17 (IST)
Attributing the ongoing market carnage to global cues, ICICI Bank chief Chanda Kochhar on Wednesday said the country has many positives like high forex reserves, and low current account and fiscal gaps, which can help it weather the ongoing volatilities.
On August 12, 2015 16:17 (IST)
In his Medium-Term Expenditure Framework Statement tabledin Parliament, Finance Minister Arun Jaitley also expressed commitment of the government to cut fiscal deficit and push subsidy reforms.
On July 31, 2015 23:33 (IST)
The fiscal situation during April-June 2015-16 showed some improvement over the corresponding period of last year as the deficit then was 56.1 per cent of the Budget estimates.
On July 06, 2015 20:55 (IST)
Deutsche Bank on Monday said there are a plenty of challenges in terms of maintaining the fiscal deficit at the targetted 3.9 per cent of GDP for the current fiscal year.
On June 30, 2015 18:15 (IST)
The deficit was 45.3 percent during the same period a year ago.
On June 03, 2015 13:47 (IST)
Hours after the prediction of deficient monsoon this year, domestic ratings agency Crisil on Tuesday cut its fiscal year 2015-16 growth estimate by 50 basis points to 7.4 per cent, saying a second consecutive year of less rainfalls will hurt the economy.
On June 02, 2015 17:40 (IST)
Current account deficit is estimated to be around 1.5 per cent of GDP or gross domestic product in the current fiscal year, helped by a sharp fall in oil prices even as gold imports rose in the past few months, the Reserve Bank of India said on Tuesday.
On May 31, 2015 13:47 (IST)
The Reserve Bank of India (RBI) is expected to cut its policy rate on Tuesday to prop up economic activity and boost investment as inflation remains low and fiscal deficit has been contained.
On May 31, 2015 11:25 (IST)
Beating its own financial target, the government has contained the fiscal deficit at Rs 5.01 lakh crore, or 3.99 per cent of gross domestic product, in fiscal year 2014-15.
On May 29, 2015 22:41 (IST)
India's fiscal deficit in the first month of 2015-16 was Rs 1.27 lakh crore, or 23 per cent of Budget Estimates for the whole financial year.
On May 29, 2015 17:07 (IST)
Officials at the finance ministry said the government had no option but to cut spending to meet its borrowing targets.
On May 26, 2015 19:21 (IST)
Citing low inflation and fiscal deficit being under control, Chief Economic Advisor Arvind Subramanian on Tuesday pitched for a rate cut by the Reserve Bank of India (RBI) at its monetary policy review meeting next week.
On May 22, 2015 19:57 (IST)
The government hopes to sell shares in ONGC and India Oil Corp. to raise about a third of its budget target for asset sales of $11 billion - and reduce its fiscal deficit to 3.9 per cent of GDP in the 2015/16 fiscal year.
On May 19, 2015 19:38 (IST)
India's current account deficit is likely to remain at "manageable levels" of around 1.5 per cent of GDP in the current fiscal year despite a marginal rise in oil prices and sluggish manufacturing exports, said an HSBC report.
On May 18, 2015 20:21 (IST)
The 10-year bond price also rose or yield eased after fiscal deficit for 2014-15 narrowed more than the estimate.
On May 17, 2015 17:26 (IST)
The fiscal target was 4 per cent of gross domestic product for the year ending March 31, compared with a goal of 4.1 per cent, the government said in a statement. The revenue target was 2.8 per cent, compared with the aim of 2.9 per cent.
On May 13, 2015 19:00 (IST)
The Reserve Bank of India (RBI) on Tuesday called for higher capital outlays, consistent fiscal consolidation and limiting of the debt-GDP ratio to improve the finances of the states, whose combined gross fiscal deficit has improved by 20 bps to 2.3 per cent of GDP in financial year 2014-15.
On April 28, 2015 16:17 (IST)
As per the fiscal consolidation road map of the government, fiscal deficit is to be brought down to 3.9 per cent of GDP in 2015-16 and further to 3.5 per cent in 2016-17.