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Latest Articles in fiscal deficit

S&P Reaffirms India's Sovereign Credit Rating At BBB Minus With Stable Outlook

S&P's rating action follows Moody's Investors Service's recent lowering of India's rating outlook to negative from stable.

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GST Mop-Up Crosses Rs 1 lakh Crore

The government, however, said the revenues shot up sharply in November due to festival demand in October.

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Fitch Raises India's FY20 Fiscal Deficit Forecast To 3.6% Of GDP

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

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Govt Says No Plans To Revise Fiscal Deficit Target Or Cut Spending Now

Govt cut corporate tax rates in a surprise move designed to woo manufacturers, revive private investment and lift growth from a 6-year low.

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He Understood The Big Picture

Apart from the economy, Jaitley’s knowledge and understanding of Indian history and culture was prodigious.

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India's Fiscal Deficit Crosses 77 Per Cent Of Budgeted Target In First Four Months Of 2019-20

Net tax receipts in the first four months of the fiscal year were 3.39 trillion rupees, while total expenditure was 9.47 trillion rupees, government data showed.

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Privatisation Holds Key To Budget

If the current fiscal deficit of 3.4 per cent of GDP is to be maintained despite lower tax collections (including GST) and higher subsidy outlays, a serious effort at privatisation is necessary. The fiscal deficit in 2019-20 is likely to be around Rs 7.5 lakh crore

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Current Account Deficit Inches Up To 2.1% But More Than Halves In Q4

Overall trade performance was prime influencer for both contraction in CAD for March quarter as well as a widening for the full year.

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India Likely To Let Budget Deficit Rise As Tax Receipts Fall Short

Slipping fiscal discipline would hurt the "credibility" of the budget and in turn hit investment, the bond market and the rupee

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India's April-November Fiscal Deficit Touches Nearly 115 Per Cent Of FY Target

Net tax receipts in the first eight months of the fiscal year that ends in March 2019 were 7.32 trillion rupees, data showed

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India Set To Miss 2018-19 Fiscal Deficit Target: India Ratings

The country’s 2019 fiscal deficit target has been pegged at 3.3 percent of its gross domestic product (GDP) or 6.24 trillion rupees ($88.45 billion). But the credit rating agency estimated fiscal deficit at 6.67 trillion - or 3.5 percent of GDP

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Dip In Revenues May Widen Fiscal Gap To 3.5 Per Cent In FY19: Report

Total revenues and expenditure of the govt, will come at Rs 6.67 lakh cr as against the budgeted Rs 6.24 lakh cr

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India's Debt Lower Than Best, Emerging Market Economies: IMF

Vitor Gasper, International Monetary Fund (IMF) Director of Fiscal Affairs Department, said India's debt was substantially less than the global debt as percentage of world Gross Domestic Product (GDP)

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Govt Dismisses Excise Duty Cut As Petrol, Diesel Prices Hit Fresh High

Government has ruled out the excise duty cut in petrol and diesel prices on account of limited fiscal space available

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8.2 Per cent GDP Growth In April-June Quarter Due to Low-Base Effect: Chidambaram

Former Union Finance Minister P. Chidambaram said the increase in GDP growth rate of 8.2 per cent is because of lowest base of 5.6 per cent in last 8 quarters and shall decline going further

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