On January 21, 2015 18:45 (IST)
The government has invited bids from bankers on Wednesday to manage the sale of a 10 per cent stake in iron ore miner NMDC, trying to revive a $10 billion asset sales programme and narrow the fiscal deficit to a seven-year low.
On January 21, 2015 00:24 (IST)
The Cabinet Committee on Economic Affairs (CCEA) will discuss on Wednesday the possible sale of a 10 per cent stake in Indian Oil Corp, two sources with knowledge of the matter said, as the government finds ways to meet its fiscal deficit target.
On January 19, 2015 12:19 (IST)
Concerned over slow economic growth, some government aides are also pushing to row back on fiscal deficit targets when Jaitley announces the 2015/16 budget next month. They have advocated more spending on infrastructure projects that could lift growt...
On January 13, 2015 16:44 (IST)
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February, so long as the deficit target is widened to no more than around 4 per cent and fiscal consolidation steps are taken.
On January 10, 2015 12:09 (IST)
The government will go for major disinvestment in the next two-and-a-half months and will strive to stick to the fiscal deficit target of 4.1 per cent in the current year, Finance Minister Arun Jaitley has said.
On January 01, 2015 15:27 (IST)
According to the global financial services major, India's fiscal arithmetic has got tougher, mainly because of lower revenue collection this year and it believes that the government would go for sharp spending cuts in the months to come.
On December 31, 2014 16:02 (IST)
India's fiscal deficit was Rs 5.25 lakh crore ($83.08 billion) during April-November, or 98.9 per cent of the full-year target, government data showed on Wednesday.
On December 26, 2014 14:44 (IST)
The government has targeted fiscal deficit of 4.1 per cent of GDP for FY 15, down from 4.5 per cent in the previous year and plans to reduce it further to 3 per cent by 2016-17.
On December 19, 2014 15:27 (IST)
The government is committed to achieving its fiscal deficit target of 4.1 per cent of gross domestic product (GDP) for the current financial year, chief economic advisor Arvind Subramanian said on Friday.
On December 19, 2014 14:38 (IST)
The Finance Ministry said in a report on Friday that the economy faces a "major challenge" in achieving its 2014-15 fiscal deficit aim of 4.1 per cent of gross domestic product - its lowest in seven years.
On December 09, 2014 20:50 (IST)
Despite an increase in the current account deficit in the second quarter of the current fiscal year, Finance Minister Arun Jaitley said on Tuesday that there is no cause for concern as forex reserves are comfortable.
On December 09, 2014 20:21 (IST)
Analysts have allayed fears of a widening current account deficit, which was at 2.1 per cent of GDP for the July-September period, and pegged it in the range of 1.4 to 1.8 per cent for fiscal year 2014-15 due to falling crude oil prices.
On December 05, 2014 16:20 (IST)
Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got underway today. The government is selling 5 per cent stake in state-run SAIL, India's second largest steel manufacturer by market value, to meet its di...
On December 02, 2014 11:56 (IST)
The central bank's talks with the government suggest "things will be on track with respect to fiscal deficit," he added during a press conference with reporters.
On November 28, 2014 21:14 (IST)
With government borrowing touching 90 per cent of the budgeted target till October, brokerages have said this may force Finance Minister Arun Jaitley to announce another round of spending cuts.
On November 28, 2014 14:39 (IST)
India's fiscal deficit was Rs 4.76 lakh crore ($76.77 billion) during April-October, or 89.6 per cent of the full-year target, government data showed on Friday.
On November 13, 2014 22:45 (IST)
For 2014-15, fiscal deficit - gap between government expenditure and revenue - has been pegged at Rs 5.31 lakh crore or 4.1 per cent of GDP.
On November 13, 2014 15:34 (IST)
The global financial services firm also said the government will cut spending to meet fiscal deficit target.
On November 07, 2014 20:50 (IST)
Domestic ratings agency India Ratings on Friday revised down its economic growth estimate for fiscal year 2014-15 marginally to 5.6 per cent citing poor industrial performance, and warned that the government will slip on the fiscal deficit front.