On November 23, 2015 15:21 (IST)
The government will sell shares in some state-run companies when market conditions improve, Finance Minister Arun Jaitley said on Monday, as the government struggles to meet its asset sales target that is crucial to help plug its deficit.
On November 22, 2015 12:06 (IST)
Expressing concern over a slowdown in the pace of reforms, Standard & Poor's has said India's rating could come under stress if the government fails to pursue reforms agenda and overshoots fiscal deficit target.
On November 20, 2015 21:46 (IST)
The central government's target to bring down fiscal deficit to 3.5 per cent in 2016-17 is likely to become even more challenging, considering the rise in wage expenditure, according to a report by Citigroup.
On November 20, 2015 19:15 (IST)
Rating agencies and brokerages on Friday said the proposed 23.6 per cent hike in salaries and pensions of government employees could hurt India's finances even as the Centre expressed confidence that the fiscal deficit targets will not be breached.
On November 17, 2015 12:14 (IST)
The finance minister also said that the government would prefer to use buoyant tax receipts to fund extra infrastructure spending than to slash its borrowing target for the current fiscal year.
On November 14, 2015 15:44 (IST)
Inflation is within control and industrial performance is also showing signs of revival, he said adding fiscal consolidation measures are in place and India should be able to meet the target of three per cent fiscal deficit by 2017-18.
On November 10, 2015 15:42 (IST)
India's fiscal deficit is likely to reduce to 3.7 per cent of GDP by financial year 2017-18 and the consolidation process would be gradual, global financial services major Deutsche Bank has said in a report.
On November 08, 2015 18:32 (IST)
The government is likely to step up efforts to mop up additional resources by hiking duties and seeking higher dividends from PSUs to make up for the anticipated shortfall in disinvestment and direct tax proceeds in its bid to meet the fiscal deficit target.
On October 30, 2015 20:15 (IST)
Even though falling oil subsidy costs and curbs on spending should help Jaitley hit his borrowing target, he warned this week that it would be a challenge to collect the Rs 69500 crore ($10.66 billion) from sell-offs he has budgeted for.
On October 27, 2015 17:06 (IST)
There is no cause for concern on fiscal deficit and the government will meet its target for the current fiscal year despite certain challenges on the disinvestment front, Finance Minister Arun Jaitley said on Tuesday.
On October 23, 2015 12:49 (IST)
The government is likely to meet its fiscal deficit target this year despite risks of shortfall in tax collection and disinvestment proceeds, as it may go for a small reduction in public spending, says a report.
On October 19, 2015 15:28 (IST)
Implementation of One Rank One Pension (OROP) and an increase in salary bill due to 7th Pay Commission will not strain government's fiscal position, Minister of State for Finance Jayant Sinha said on Monday.
On October 06, 2015 16:48 (IST)
The moderation in investments in second quarter of this fiscal was due to a dip in private sector's outgo in metals industry and it does not raise question marks over the country's economic recovery, says a report by Standard Chartered.
On October 05, 2015 15:14 (IST)
The government on Monday said revenue collection will fall short by Rs 50,000 crore but expressed confidence that economic growth will exceed 7.5 per cent, with fiscal deficit remaining within the budgeted target.
On September 30, 2015 20:23 (IST)
The fiscal situation in April-August showed some improvement over the corresponding period of the previous year as the deficit then stood at 74.9 per cent of the Budget estimates.
On September 29, 2015 18:17 (IST)
Welcoming the Reserve Bank of India's decision to slash key interest rate by 0.50 per cent, Chief Economic Advisor Arvind Subramanian on Tuesday said the government is committed to contribute its share by adhering to its fiscal deficit target so that inflationary pressures remain under control.
On September 28, 2015 20:16 (IST)
Mr Jaitley also said that inflation was under control and he is keen to better the country's GDP growth rate from 7.3 per cent in the last fiscal.
On September 20, 2015 12:57 (IST)
Lower commodity prices are unlikely to narrow India's current account deficit, Standard Chartered has said, while revising its current account deficit forecast for the fiscal year to 1.5 per cent from 1.1 per cent of GDP earlier.
On September 17, 2015 14:44 (IST)
RBI Deputy Governor Urjit Patel on Thursday said the central bank expects Current Account Deficit (CAD) around 1.5 per cent of GDP in the current fiscal.
On September 15, 2015 11:22 (IST)
China cranked up its fiscal spending by 26 per cent in August from a year earlier as Beijing tries to re-energise flagging economic growth and convince reluctant local officials to spend.