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India's fiscal deficit News

29 Dec 2017

Fiscal deficit breaches FY18 target at November-end

During the same period of 2016-17, the deficit stood at 85.8 percent of that year's target.

India's fiscal deficit target

27 Dec 2017

Modi govt likely to miss fiscal deficit target after additional borrowing

Analysts said the additional borrowing was a "negative" that could raise the fiscal deficit to 3.5 percent of gross domestic product, against Finance Minister Arun Jaitley's stated target of 3.2 percent.

India's fiscal deficit

30 Nov 2017

Fiscal deficit crosses 96% of FY18 target at Oct-end

For 2017-18, the government aims to bring down the fiscal deficit to 3.2 percent of GDP.

India's Exports

14 Nov 2017

Exports down 1.12% in October; trade deficit balloons

Trade deficit widened to USD 14 billion during the month under review as against USD 11.13 billion in October 2016.

India's fiscal deficit

17 Oct 2017

Govt likely to stick to deficit target, may step up bank reform

Growth slipped to its lowest level in three years in the first quarter, logging an annual rate of 5.7 percent, but Bhalla said there were signs of recovery in the economy.

19 Sep 2017

Economic slowdown is real, not just technical: SBI Research

The report said continuing slowdown has "raised the spectre of whether slowdown is temporary or not" but stopped short of answering the question.

Tax Collections

18 Sep 2017

India eyes spending cuts as glitches in GST hit revenue

Tax receipts were about USD 7.8 billion in July - a little over half the monthly target - mostly because millions of firms failed to comply with the new Goods and Services Tax (GST) system that harmonises all state and central sales taxes but is still a work in progress.

India's fiscal deficit

31 Aug 2017

Fiscal deficit touches 92.4% of budget estimates at July-end

For 2017-18, the government aims to bring down the fiscal deficit to 3.2 percent of the GDP.

30 May 2017

States may gain Rs 350-450 billion in revenue post GST: StanChart

States can look at a higher revenue of Rs 350-450 billion after GST implementation in mid-2017, says a Standard Chartered report.

India's credit profile

14 Apr 2017

'Credit profile to improve if India sticks to fiscal path'

Moody's Investors Service on Friday said India's credit profile would improve if it follows the fiscal discipline path and set up a fiscal council as recommended by the FRBM panel.

India's fiscal deficit

12 Apr 2017

Keep fiscal deficit at 3% till March 2020, says FRBM panel

The government should target a fiscal deficit of 3 percent of the GDP in years up to March 31, 2020, the Fiscal Responsibility and Budget Management (FRBM) Committee has recommended.

India's fiscal deficit

28 Feb 2017

Fiscal deficit overshoots full-year target in January

India's fiscal deficit touched Rs 5.64 lakh crore at the end of January, 105.7 percent of the full-year target, mainly due to lower realisation of non-tax revenue.

03 Feb 2017

Budget 2017 maintains fiscal prudence sans spending cuts: FM Jaitley

Constrained by the need for fiscal prudence, Budget 2017-18 continues on the path of fiscal consolidation without compromising on India's public expenditure, Finance Minister Arun Jaitley said on Friday.

29 Dec 2016

New income disclosure scheme to fund Pay Commission, PSU banks' recapitalisation: BofA-ML

The government is expected to raise Rs 1,00,000 crore of additional taxes under the Income Disclosure Scheme II (IDS II), which in turn will help in containing the 2017-18 fiscal deficit, says a report.

30 Nov 2016

Fiscal deficit in April-October at 79.3% of full year estimate

India's fiscal deficit during the seven months to October was Rs 4.24 trillion (USD 61.91 billion), or 79.3 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.

India's fiscal deficit

31 Aug 2016

India's April-July fiscal deficit at Rs 3.93 lakh crore

Fiscal deficit in the first four months of the current financial year stood at Rs 3.93 lakh crore, or 73.3 percent of the Budget estimates for 2016-17.

India's fiscal deficit

31 May 2016

Govt achieves 3.9% fiscal deficit target in 2015-16

Government on Tuesday said it has achieved the fiscal deficit target of 3.9 percent of GDP in 2015-16.

Economic Survey

26 Feb 2016

Economic Survey: Containing fiscal deficit a challenge next fiscal

Government will be able to achieve the fiscal deficit target of 3.9 percent in the current fiscal, but containing it in 2016-17 will be a challenge on account of additional outgo towards 7th Pay Commission and a slowing global economy.

India's fiscal deficit

23 Feb 2016

Fiscal deficit target likely to be 3.7% for FY17: DBS

The pace of fiscal tightening is likely to slow down next fiscal, with the government's deficit target expected to be higher at 3.7 percent of GDP, says a DBS report.

12 Feb 2016

'Govt can breach fiscal deficit target to fund infrastructure'

The fiscal consolidation roadmap laid out by Jaitley had estimated fiscal deficit to come down to 3.9 percent in current fiscal and further to 3.5 percent next fiscal.

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