'Fiscal Deficit' - 677 News Result(s)

  • Brokerages Trim GDP Target to 7.3% on Faltering Q1 Growth
    Brokerages Trim GDP Target to 7.3% on Faltering Q1 Growth

    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.

  • April-July Fiscal Deficit Rises Nearly 70% of Budget Estimates
    April-July Fiscal Deficit Rises Nearly 70% of Budget Estimates

    The fiscal deficit -- gap between expenditure and revenue -- for the entire current fiscal has been pegged at Rs 5.55 lakh crore.

  • ICICI Bank Chief Confident Economy Can Tide Over China-Driven Crisis
    ICICI Bank Chief Confident Economy Can Tide Over China-Driven Crisis

    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.

  • Macros Improving, Interest Rates Will Come Down: Arun Jaitley
    Macros Improving, Interest Rates Will Come Down: Arun Jaitley

    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.

  • April-June Fiscal Deficit at 51.6% of Budget Estimates
    April-June Fiscal Deficit at 51.6% of Budget Estimates

    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.

  • Keeping Fiscal Deficit at 3.9% Challenging: Deutsche Bank
    Keeping Fiscal Deficit at 3.9% Challenging: Deutsche Bank

    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.

  • Fiscal Deficit at Rs 2.08 Lakh Crore In April-May
    Fiscal Deficit at Rs 2.08 Lakh Crore In April-May

    The deficit was 45.3 percent during the same period a year ago.

  • Drought Scare has Crisil Paring GDP Forecast by 0.5%
    Drought Scare has Crisil Paring GDP Forecast by 0.5%

    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.

  • RBI Sees Current Account Deficit at 1.5% in FY16
    RBI Sees Current Account Deficit at 1.5% in FY16

    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.

  • RBI May Cut Rate to Spur Investment: Bankers
    RBI May Cut Rate to Spur Investment: Bankers

    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.

  • Government Contains Fiscal Deficit to 3.99% of GDP in FY15
    Government Contains Fiscal Deficit to 3.99% of GDP in FY15

    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.

  • Fiscal Deficit in April Stands at Rs 1.27 Lakh Crore
    Fiscal Deficit in April Stands at Rs 1.27 Lakh Crore

    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.

  • Budget Data to Give Clues to PM Modi's Capex Promise
    Budget Data to Give Clues to PM Modi's Capex Promise

    Officials at the finance ministry said the government had no option but to cut spending to meet its borrowing targets.

  • Arvind Subramanian Pitches for RBI Rate Cut
    Arvind Subramanian Pitches for RBI Rate Cut

    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.

  • Government Plans New Oil Subsidy Rules to Push ONGC Stake Sale
    Government Plans New Oil Subsidy Rules to Push ONGC Stake Sale

    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.

  • India's Current Account Deficit Likely to be 1.5% in FY16: HSBC
    India's Current Account Deficit Likely to be 1.5% in FY16: HSBC

    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.

  • 10-Year Benchmark Government Bond Rises on Rate Cut Hope
    10-Year Benchmark Government Bond Rises on Rate Cut Hope

    The 10-year bond price also rose or yield eased after fiscal deficit for 2014-15 narrowed more than the estimate.

  • Government Beats Own Target to Contain Fiscal and Revenue Deficits
    Government Beats Own Target to Contain Fiscal and Revenue Deficits

    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.

  • States' Gross Fiscal Deficit Improves to 2.3% of GDP:  RBI
    States' Gross Fiscal Deficit Improves to 2.3% of GDP: RBI

    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.

  • Government to Pursue Subsidy Reforms to Contain Deficit
    Government to Pursue Subsidy Reforms to Contain Deficit

    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.

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