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Tag: Fiscal Deficit

Fiscal Deficit May Remain At 3.5-3.6% Post-Corp Tax Cuts

Mumbai: The risks of a large fiscal slippage in the current year are expected to be addressed through larger non-tax revenues and the savings on interest expenses, ratings and research firm Acuite said, adding therefore, fiscal deficit in the current fiscal may remain limited to 3.5-3.6 per cent moderately higher by 0.2-0.3 per cent over […]

Scheme surfeits lead to higher fiscal deficit, primary deficit; Revenue surplus sinks

Bhubaneswar: It seems surfeit of schemes has taken a toll on the State finances. The biggest fallout noticed in the annual budget 2019-20 presented by new Finance Minister Niranjan Pujari today points to a big dip in revenue surplus . And at the  same time the fiscal deficit has increased, so too is the primary […]

April-January fiscal deficit touches 113.7% of full year's target

New Delhi: India’s fiscal deficit for April-January period of 2017-18 stood at 113.7 per cent of the full year’s target, official data showed here on Wednesday. The data furnished by the Comptroller General of Accounts (CGA) showed that during April-January, the fiscal deficit stood at Rs 6.77 lakh crore, which is 113.7 per cent of […]

India to grow at 7.2 per cent in 2018, 7.4 per cent in 2019: UN

Overcoming the slowdown from demonetisation, India's growth rate is projected to accelerate to 7.2 per cent in 2018 and 7.4 per cent in 2019, the UN said, describing the outlook for the country as "largely positive".

India's April-August fiscal deficit at over 96% of target

New Delhi: India’s April-August fiscal deficit — Rs 5.25 lakh crore — stood at 96.1 per cent of the full year’s budget target of Rs 5.46 lakh crore, official data showed on Friday. The data furnished by the Comptroller General of Accounts (CGA) showed that April-August fiscal deficit was 76.4 per cent of the Budget […]

India's external debt rises to $485.8 bn

Mumbai: India’s total external debt for the end-June quarter 2017 rose to $485.8 billion, from $471.9 billion reported for the end-March period, official data showed on Friday. However, on a year-on-year (YoY) basis the debt level increased by 1.29 per cent over the corresponding period of the previous fiscal. “At end-June 2017, India’s external debt […]

Govt will announce additional measures to boost growth: FM

New Delhi: Finance Minister Arun Jaitley today said the government is considering additional measures to bolster economy that has hit a three-year low of 5.7 per cent in the first quarter of the current fiscal. The minister said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi. […]

Economic slowdown is real, not just technical: SBI Research

Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research today said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to […]

Fiscal deficit of Odisha well within limits: Chief Secy

Bhubaneswar: Chief  Secretary Aditya Padhi today said the fiscal deficit of Odisha is well within the limits. “The fiscal deficit is well within the permissible limit of 3.5 percent of GSDP. The present level of fiscal deficit is around 2 percent of Gross State Domestic Product (GSDP). The debt and GSDP ratio of the State […]

P Chidambaram
Fiscal deficit will be contained at 4.6 pc of GDP: Chidambaram

The government on Monday said the fiscal deficit for the current financial year will be contained at 4.6 per cent of GDP