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cii plans to launch a new index to judge the quality of fiscal deficit




the cii is planning to launch a new index to judge the quality of fiscal deficit in states and the centre, starting from 2004-05. the index will be based on six parameters that include fiscal deficit, revenue deficit, revenue expenditure, capital expenditure, tax revenues and debt payment or servici...



govt breaches fiscal deficit target in 8 months




the government has breached its fiscal deficit target given in the budget for 2017-18 in november itself. during the april-november period, the fiscal deficit was 112% of its rs 5.5 lakh crore target for current fiscal year 2017-18. this is the highest deviation from the budget estimates for the fis...



govt breaches fiscal deficit target in 8 months




the government has breached its fiscal deficit target given in the budget for 2017-18 in november itself. during the april-november period, the fiscal deficit was 112 per cent of its rs 5.5 lakh crore target for current fiscal year. this is the highest deviation from the budget estimates (be) for fi...



govt won't go for expenditure cut in fy'18 to meet fiscal deficit target




the government will not go for an expenditure cut in 2017-18 to meet fiscal deficit target of 3.5 per cent of gdp even as it has breached the level of 113.7 per cent of the target, expenditure secretary ajay narayan jha said on thursday. "there is no expenditure cut. there has been a policy, there w...



no impact on fiscal deficit, will be kept at 3.3 % for fy 19: official




fiscal deficit for the current financial year will be maintained at 3.3 per cent of the gdp and the fiscal consolidation of the country is as per the "commitment," a top official of the department of expenditure under finance ministry said. "no impact of fiscal deficit. (finance) minister has also g...



fiscally, we are anti-keynesian | business standard news




in the recently presented budget, india’s fiscal deficit for fy 2017-18 got revised upwards from 3.2 per cent to 3.5 per cent of gdp and the target fiscal deficit for fy 2018-19 is set at 3.3 per cent. though moody’s has said that a slight slippage in fiscal deficit has no material impact on ove...



slide in states' fiscal position; capital outlay to grow slower, says rbi




the reserve bank of india (rbi) in its report on state finances finds these governments have overshot their revenue expenditures, leading to deteriorating fiscal deficit balances over the past three to four years. despite these signs, there is no correction — either in terms of fiscal discipline, ...



fiscal deficit at 3.5% of gdp in fy18 at rs 5.9 trn, meets new estimates




fiscal deficit for 2017-18 worked out to be 3.53 per cent of the gdp, broadly in line with the government's revised estimates. according to the data released by the controller general of accounts (cga), the revenue deficit was 2.65 per cent of the gdp. in absolute terms, the fiscal deficit was rs 5....



april-january fiscal deficit touches 113.7% of full-year target




india reported on wednesday a fiscal deficit of rs 6.77 trillion ($103.72 billion) for april-january or 113.7 per cent of the target originally set for the fiscal year that ends in march. net tax receipts in the first ten months of 2017/18 fiscal year were rs 9.7 trillion, government data showed. fi...



budget 2018: modi govt uses finance bill to extract spending room till 2024




the frbm act also states that the macro-economic framework statement, which is also part of budget documents, shall contain an assessment relating to the growth in the gross domestic product and the fiscal balance of the union government as reflected in the revenue balance and gross fiscal balance. ...



cause for a pause: rbi has to weigh inflation, fiscal deficit, bond yields




as the monetary policy committee (mpc) of the reserve bank of india (rbi) sits down to consider india’s monetary stance on tuesday, it will have multiple stress points to consider. the recently presented union budget for 2018-19 saw the government compromise on its path of fiscal consolidation. th...



india needs to focus more on revenue deficit than fiscal gap: niti aayog




india needs to focus more on meeting its revenue deficit target than adhering to the fiscal deficit aim, vice chairman at india’s top federal think-tank niti aayog said on tuesday. india needs to shift its obsession with the fiscal gap number and this “obsession must end,” rajiv kumar told a g...



fiscal deficit worries | business standard editorials




the government’s decision to expand its market borrowing programme for 2017-18 by rs 50,000 crore is a clear signal that the fiscal deficit target of 3.2 per cent of the gross domestic product (gdp) may be breached. the government’s finances have not been in the best of health and the strain has...



budget 2018: fm needs to rein in fiscal deficit to keep investors on side




as india's government gets set to unveil its union budget 2018-19 on thursday, all eyes will be on whether the authorities stay the course on containing the fiscal deficit, or whether they throw caution to the wind with a populist set of spending priorities.also read: budget 2018 live: populism to ...



fy18 fiscal deficit to be below revised target as govt gets rbi, fci boost




the reserve bank of india (rbi) and the food corporation of india (fci) came to the aid of the government in bringing down its fiscal deficit for 2017-18, slightly below the revised estimates (re) of rs 5.95 trillion. the deficit clawed back from a rs 1.2-trillion overshoot at the end of february. t...



modi's aim to contain fiscal deficit: two options exist, both are painful




prime minister narendra modi wanted minimum slippage from the fiscal deficit target of 3.2 per cent of gross domestic product (gdp) for 2017-18, sources said. “the prime minister and his office are keen that everything is done to ensure that the fiscal deficit target is as close to the target as p...



mr jaitley: a pragmatist, not a fiscal hawk




the pre-budget economic survey for 2017-18, tabled in parliament early this week, has given rise to speculation about the fiscal consolidation stance that finance minister arun jaitley may adopt in his budget for 2018-19, to be presented on february 1. the survey describes fiscal expansion as one of...



govt eyes extra rs 500 bn to halt slowdown




the centre is considering a plan to loosen its fiscal deficit target to enable it to spend up to rs 500 billion more to halt an economic slowdown, two officials with direct knowledge of the plan said on thursday.growth in asia's third-largest economy slowed to a three-year low of 5.7% in the quarter...



pm modi's economic panel bats for fiscal consolidation




the newly constituted economic advisory council to the prime minister (eac-pm) on wednesday batted for sticking to fiscal consolidation at a time when there was demand for fiscal stimulus to boost sagging economic growth. after its first meeting, the council arrived at a broad consensus about the sl...



no material impact of slippage in fiscal deficit: moody's




the budget for 2018-19 strikes a balance between fiscal prudence and growth, and a "slight" slippage in fiscal deficit has no material impact on overall economic strength.the government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of gdp and for the current fiscal to 3.5 per ce...



us govt records $215 bn budget deficit in feb as revenues fall, outlays up




the us government had a $215 billion budget shortfall in february as revenues into the government's coffers fell and outlays increased, the treasury department said on monday. that compared with a budget deficit of $192 billion in the same month last year, according to treasury's monthly budget stat...



fiscal deficit hits 55% of full-year target on the back of higher capex




the centre’s fiscal deficit for the first two months of fiscal year 2018-19 stood at rs 3.45 trillion, or 55 per cent of the full year target, on the back of higher capital expenditure. however, the pace of spending in relative terms was slower than the same period last fiscal.fiscal deficit for a...



budget 2018: no material impact of slippage in fiscal deficit, says moody's




the budget for 2018-19 strikes a balance between fiscal prudence and growth, and a "slight" slippage in fiscal deficit has no material impact on overall economic strength. the government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of gdp and for the current fiscal to 3.5 per c...



govt likely to achieve fiscal deficit target of 3.2% in fy18: sbi report




the government is likely to achieve its fiscal deficit target of 3.2 per cent this financial year as the budgeted disinvestment receipts are on track to realise rs 72,500 crore, says an sbi research report. according to the report, though there are predictions that the government is going to have a ...



structural reforms could change the glide path: arun jaitley




union finance minister arun jaitley has hinted that reform measures such as the introduction of the goods and services tax (gst) could possibly lead to a deviation from the fiscal road map. “no pause but challenges arising from structural reforms (which) could change the glide path,” a research ...