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.
On September 30, 2016 18:44 (IST)
Fiscal deficit in the first five months of the current fiscal stood at Rs 4.08 lakh crore, which was 76.4 per cent of Budget estimates for 2016-17.
On September 19, 2016 19:51 (IST)
The Finance Ministry will pitch for the country's rating upgrade with global agency Moody's on Wednesday, highlighting increased pace of reforms including the GST, declining inflation and improvement in fiscal as well as current account deficit situation.
On September 16, 2016 15:51 (IST)
Markets are likely to get a boost from narrowing of trade deficit for the month of August. Trade deficit fell 0.3 per cent in the month of August to $7.7 billion. Trade deficit for the first five months of this fiscal is now 40 per cent lower than the previous fiscal at $34.7 billion.
On September 07, 2016 16:19 (IST)
The Rs 56,000 crore payout last month for wage arrears to government employees will not upset the fiscal deficit numbers for the April-August period of the current financial year as plan expenditure will shrink during monsoon, Finance Secretary Ashok Lavasa said.
On August 31, 2016 16:41 (IST)
India's fiscal deficit during April-July was Rs 3.93 lakh crore ($58.69 billion), or 73.7 per cent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.
On August 15, 2016 13:03 (IST)
Gold imports more than halved to $4.97 billion in the first four months of the current fiscal year, which is expected to keep a lid on the current account deficit.
On August 12, 2016 19:43 (IST)
Indian economy is showing "bright" near-term prospects, but reducing fiscal deficit to 3.5 per cent of GDP in 2016-17 is a challenge because of additional liabilities on account of pay revision, the government said on Friday.
On July 29, 2016 20:47 (IST)
The state of public finances showed some deterioration with the fiscal deficit crossing 61 per cent of the Budget Estimates in the first quarter of 2016-17, on higher expenditure and subdued realisation of non-tax revenues.
On July 29, 2016 18:03 (IST)
Even though the country reached 43 per cent of its fiscal deficit target in the first two months of 2016-17 itself, Singaporean brokerage DBS on Friday said it does not see a slippage for the full year.
On July 18, 2016 16:26 (IST)
Gold imports fell by about 48 per cent to $3.90 billion in the first quarter of the current fiscal year, which is expected to keep a lid on the current account deficit.
On July 01, 2016 10:37 (IST)
India's fiscal deficit during April-May was 228986 billion rupees ($33.92 billion), or 42.9 per cent of the budgeted target for the fiscal year ending in March 2017, government data showed on Thursday.
On June 29, 2016 22:33 (IST)
India's current account deficit may dip below 1 per cent this fiscal year owing to low global crude prices, while Brexit, or Britain's exit from the European Union, is likely to impact the economy as global economy will slow down, Chief Economic Advisor Arvind Subramanian said on Wednesday.
On June 29, 2016 18:56 (IST)
Government's decision to clear 7th Pay Commission recommendations will give a boost to the economy, but it may impact fiscal deficit target for fiscal 2017-18, says an SBI research report.