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.
On April 24, 2015 14:48 (IST)
Achieving a 3 per cent fiscal deficit target by 2017-18 is a challenge but the government will not compromise on building public infrastructure and irrigation, Finance Minister Arun Jaitley said on Friday.
On April 17, 2015 21:51 (IST)
Annual figures published on Friday for the full fiscal year that ended in March showed merchandise exports declined 1.2 per cent to $310.5 billion.
On April 17, 2015 18:17 (IST)
For the full 2014-15 fiscal year that ended in March, the trade deficit stood at $137 billion, compared with $135.8 billion in the previous year.
On April 01, 2015 01:18 (IST)
Arun Jaitley had earlier said efforts would be made to keep fiscal deficit at 4.1% of GDP.
On March 31, 2015 00:24 (IST)
Global ratings agency ARC on reaffirmed India's sovereign rating at 'BBB+' with stable outlook on expectations of accelerated growth, lower current account deficit and fiscal consolidation.