On May 03, 2016 20:37 (IST)
India is likely to pursue a mildly expansionary fiscal policy over the next 12 months largely due to the one-off impact of government employee wage hike, says a report by Morgan Stanley.
On April 28, 2016 21:36 (IST)
The country's current account deficit is likely to widen modestly to $25 billion in the current fiscal from $20 billion last year on rising demand for gold and sluggishness in exports, a report said on Thursday.
On April 18, 2016 11:23 (IST)
The finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious deficit target.
On April 17, 2016 16:51 (IST)
A total of 16 large states are set to borrow more again this fiscal year despite higher allocations from the Centre, with the cumulative borrowing likely to reach Rs 3.5 lakh crore from Rs 2.95 lakh crore in 2015-16, according to a study by Japanese brokerage Nomura.
On April 07, 2016 17:36 (IST)
The estimated combined fiscal deficit of states would fall to 2.4 percent of gross domestic product in the financial year ending in March 2016 from 2.9 percent the year before, the RBI said.
On April 06, 2016 23:40 (IST)
The government on Wednesday approved a fiscal deficit target of 3 per cent for states, as recommended by the 14th Finance Commission for the 2015-20 period.
On April 01, 2016 20:00 (IST)
Receipts of tax revenues are also on track and the 2015-16 revised targets are expected to be fully met when the bank scrolls are fully accounted for, a statement from the Finance Ministry said.
On March 31, 2016 18:36 (IST)
The deficit was 107.1 per cent of the full-year target.
On March 28, 2016 16:00 (IST)
State governments are likely to run wider fiscal deficit in financial year 2016-17 because of higher interest bill and wage hike pressures, an HSBC report said on Monday.
On March 26, 2016 13:37 (IST)
With both real interest rate in the positive arena and inflation under check, private consumption is set to pick up strongly, leading to a better overall growth, which will be better than the 1998-2002 recovery cycle, says leading Wall Street brokerage Morgan Stanley.
On March 23, 2016 19:34 (IST)
Adoption of a fiscal deficit target range before achieving the 3 per cent goal will be considered as a "shallower path" in the fiscal consolidation process, Japanese brokerage Nomura said on Wednesday.
On March 16, 2016 13:33 (IST)
India's current account deficit is likely to narrow to 0.7 per cent of the GDP in fiscal 2016 from 1.3 per cent in FY15 largely owing to low commodity prices, a Nomura report said on Wednesday.
On March 12, 2016 14:22 (IST)
India's headline fiscal deficit target for the next fiscal year is a comfort for the Reserve Bank of India, its Governor Raghuram Rajan said on Saturday, amid hopes of a policy rate cut.
On March 09, 2016 19:53 (IST)
The finance ministry today said the government will set up a panel in a month to look into the feasibility of setting a range for fiscal deficit targets rather than a fixed figure.
On March 04, 2016 19:09 (IST)
The Reserve Bank of India will wait a month to cut interest rates again, according to economists in a Reuters poll who mostly said New Delhi's latest fiscal deficit target looked optimistic.
On March 02, 2016 19:02 (IST)
Traders have been quick to link gains in stock markets with Monday's Budget, but many analysts are cautious about the Budget's ability to boost stock markets and growth.
On March 02, 2016 10:07 (IST)
Traders hope that Finance Minister Arun Jaitley's decision to meet the fiscal deficit target of 3.5 per cent of GDP will keep foreign investors invested in India. Foreign investors, who have sold over Rs 14,000 crore in stocks and debt in February, bought cash shares worth net Rs 1,761 crore on Tuesday, boosting sentiments.
On March 01, 2016 17:23 (IST)
Bets of an out-of-turn rate cut have gained momentum after Finance Minister Arun Jaitley retained FY17 fiscal deficit target at 3.5 per cent of GDP despite increasing expenditure for rural and infrastructure spending. The RBI had last cut interest rate in September.
On February 29, 2016 22:27 (IST)
Monday's Budget has also led to the clamour for a bigger rate cut in the coming months.
On February 29, 2016 19:58 (IST)
India needs to lower its debt-to-GDP ratio and materially lower its fiscal deficit for a ratings upgrade, Kyran Curry, S&P director, sovereign ratings in Asia, told Reuters after the Union Budget for 2016-17 was announced earlier on Monday.