On February 03, 2017 21:11 (IST)
Arun Jaitley said the Budget for 2017-18 does not factor in the full gains accruing from the high-value currency demonetisation in form of higher taxes on undisclosed income.
On February 03, 2017 18:09 (IST)
The Budget reaffirms fiscal consolidation even though the target for reducing fiscal deficit to 3 per cent has been pushed back by another year (second in four years), the agency said.
On February 03, 2017 10:15 (IST)
Government on Wednesday pledged to shrink the shortfall to 3.2 percent of gross domestic product in the year starting April 1 from 3.5 percent the previous year.
On February 01, 2017 20:52 (IST)
Forex market sentiment turned highly buoyant after Finance Minister Arun Jaitley announced a fiscal deficit target that was in line with estimates along with proposal to further liberalize FDI policy.
On February 01, 2017 15:59 (IST)
From the Nifty basket of shares, 31 shares were trading higher while 20 were among the laggards.
On February 01, 2017 13:25 (IST)
Arun Jaitley called his fourth budget one for the poor. Yet, while vowing prudent fiscal management, he also raised his 2017-18 federal deficit target to 3.2 percent of gross domestic product to cover his spending promises.
On February 01, 2017 14:32 (IST)
The fiscal deficit target has been set at 3.2% of GDP for year starting April 1, Finance Minister Arun Jaitley said his budget 2017 speech.
On February 01, 2017 13:39 (IST)
The government has been under pressure from credit ratings agencies like Standard & Poor's which have refused to upgrade India's ratings demanding reduction in government's debt.
On February 01, 2017 10:08 (IST)
Lok Sabha Speaker Sumitra Mahajan will decide whether the Union Budget will be presented today, after a member of the house E Ahamed died last night. Sources, however say, the budget will be presented as scheduled, according to news agency ANI. Parliament is usually adjourned for a day after a sitting member dies. A decision is expected after 10 am...
On January 31, 2017 16:27 (IST)
Net tax receipts in the first nine months of 2016-17 fiscal year were Rs 7.52 lakh crore, government data showed.
On January 31, 2017 15:38 (IST)
India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, the finance ministry said in its pre-budget Economic Survey on Tuesday
On January 31, 2017 14:27 (IST)
The Economic Survey, which sets the scene for Finance Minister Arun Jaitley's fourth annual budget tomorrow, also said the implementation of wage hikes and muted tax receipts would put pressure on the fiscal deficit in 2017/18.
On January 31, 2017 12:52 (IST)
Only four economists said the government will choose to dish out more subsidies, while the remaining eight said fiscal consolidation will be the theme.
On January 30, 2017 12:13 (IST)
To support higher government spending, economists expect Mr Jaitley to plan a fiscal deficit of 3.3-3.4 per cent of GDP for 2017-18.
On January 26, 2017 12:14 (IST)
Mr Jaitley is looking at how to fund giveaways to taxpayers and higher public investment to help nurse Asia's third-largest economy back to health after the government's shock decision in November to abolish high-value banknotes.
On January 23, 2017 19:51 (IST)
The five-member panel was tasked to review the FRBM Act in view of suggestions that there should be a broad range for government's fiscal deficit in place of the current practice of having a fixed target.
On January 23, 2017 16:32 (IST)
Goldman Sachs expects tax revenue to grow by over 16 per cent in the financial year 2017-18 and support government finances.
On January 23, 2017 12:01 (IST)
The report noted that Finance Minister Arun Jaitley is expected to target a fiscal deficit of 3.5 per cent of GDP -- same as that of 2016-17 in his February 1 Budget.