On January 17, 2017 17:18 (IST)
Last fiscal, as many as 16 PSBs, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.
On January 16, 2017 16:41 (IST)
The brokerage said it expects the committee headed by NK Singh to relax the next year's fiscal deficit target to 3 to 3.5 per cent of GDP from 3 per cent.
On January 16, 2017 13:46 (IST)
The credit rating agency expects the government to renew its commitment to increase capital spending and address the short-term disruptive impact of demonetisation in the Budget to be unveiled on February 1, 2017.
On January 12, 2017 07:00 (IST)
The government has been pushing hard to get India's credit rating upgraded. But due to high debt to GDP ratio of the country, international ratings agencies like Moody's and S&P have so far refused upgrade India's rankings.
On January 11, 2017 17:47 (IST)
Referring to the issue of fiscal deficit, Mr Patel said it is necessary to contain it as combined borrowing of centre and states are among the highest in the G-20 countries.
On January 09, 2017 18:38 (IST)
Among other things, the committee is examining the need and feasibility of having a 'fiscal deficit range' as the target in place of the existing fixed numbers (percentage of GDP) as the goal.
On January 09, 2017 09:09 (IST)
According to official figures, fiscal deficit touched Rs 4.58 lakh crore, or 85.8 per cent of the budget estimate for the whole financial year, at the end of April-November.
On January 04, 2017 17:19 (IST)
Fiscal deficit, the gap between expenditure and revenue for an entire fiscal year, has been pegged at Rs 5.33 lakh crore, or 3.5 per cent of GDP, in 2016-17.
On December 30, 2016 16:07 (IST)
Net tax receipts in the first eight months of 2016/17 fiscal year was RS 6.21 lakh crore, according to government.
On December 29, 2016 22:08 (IST)
External debt - both in absolute and relative terms (as ratio to GDP) - has declined and the foreign exchange reserves now cover a larger portion of total external debt and about 11 months of imports, the RBI report said.
On December 29, 2016 15:14 (IST)
The Committee will examine the need and feasibility of having a 'fiscal deficit range' as the target in place of the existing fixed numbers (percentage of GDP) as the goal.
On December 29, 2016 14:08 (IST)
According to Bank of America Merrill Lynch the additional taxes under the IDS II would fund the 7th Pay Commission as well as recapitalise PSU banks without cutting back on public capex.
On December 26, 2016 09:21 (IST)
With the junking of the old high-value currency, the parallel economy has become part of the formal system, which leads to higher accountability and taxation that boost economic growth and transparency, said Mr Jaitley.
On December 02, 2016 20:16 (IST)
The oil import will rise by $4 billion through the rest of the fiscal year if crude remains at USD 55 a barrel level, said the report by credit rating agency Icra.
On November 30, 2016 16:06 (IST)
The fiscal deficit was 74.0 per cent of the full-year target during the same period a year ago.
On November 29, 2016 14:32 (IST)
The government has proposed a penal tax rate of 50 per cent to 'incentivise' black money hoarders to switch to formal economy.
On November 17, 2016 17:29 (IST)
According to the global financial services major, the country's current account could likely widen in fiscal year 2017-18 to $30 billion or 1.2 per cent of GDP.
On October 31, 2016 22:58 (IST)
The fiscal situation in April-September deteriorated over the year ago as the deficit then stood at 68.1 per cent of the Budget estimate of 2015-16.