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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...



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 ...



with fiscal deficit spiking, price rise imminent: report




the country’s fiscal deficit is set to rise alarmingly over and above the budget estimate of 3.2% of gdp (gross domestic product) for the current financial year (2017-18), according to a bank report.fiscal deficit refers to the difference between the government’s total revenues and total expendi...



stimulus roadblock: fiscal deficit at 96% of full-year target




in what could dash hopes of stimulus to propel the economy, the centre’s fiscal deficit for april-august came in at rs 5.25 lakh crore, the highest ever for this period compared to any previous year.  the deficit for the first five months of the year stood at 96 per cent of the full-year target o...



fiscal deficit crosses 96% of budget estimates at the end of october




the country's fiscal deficit in the first seven months of the financial year exceeded 96 per cent of the government's estimates for full 2017-18, showed official data released by the controller general of accounts (cga) on thursday. at the end of september this year, the fiscal deficit had stood at ...



recap bonds unlikely to reflect in fiscal deficit, says official source




the indian government's rs 2.1 lakh crore plan to infuse capital into its banks, bulk of which will be funded via recapitalisation bonds, is unlikely to reflect in the fiscal deficit, a finance ministry official said on thursday. the government announced the recapitalisation plan earlier this week. ...



wish rbi cuts rates, but it may not happen: niti aayog's rajiv kumar




as the government looks for resources to perk up the economy, niti aayog vice chairperson rajiv kumar tells indivjal dhasmana that additional funds could be generated through disinvestment, and that the fiscal deficit should be widened while focusing on the revenue deficit. kumar refuses to call dem...



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...



follow fiscal glide path, says jaitley after moody's upgrade




a day after dithering on the fiscal glide path, finance minister arun jaitley on friday said the government will maintain fiscal discipline and adhere to the roadmap suggested by a government-constituted panel. jaitley’s remark follows an upgrade in india’s sovereign ratings by moody’s investo...



fiscal deficit for fy17 contained at 3.51% of gdp




automobile dealers stare at rs 1,000 cr hit on transit stocks under gstbusiness standardgovt got rs 11.02 lakh crore in net tax receipts during the fiscal yearreuters  may 31, 2017 last updated at 19:42 isthttp://mybs.in/2uvqupa



i do see case for fiscal stimulus, says niti vc rajiv kumar




niti aayog vice chairman rajiv kumar has pitched for fiscal stimulus to boost growth with a rider that additional expenditure should be used only for increasing productivity and capital expenditure.faced with slowing economic growth, the industry has been clamouring for a stimulus package from the g...



i do see case for fiscal stimulus, says niti aayog vc rajiv kumar




niti aayog vice chairman rajiv kumar has pitched for fiscal stimulus to boost growth with a rider that additional expenditure should be used only for increasing productivity and capital expenditure.faced with slowing economic growth, the industry has been clamouring for a stimulus package from the g...



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 ...



stick to fiscal consolidation road map: eac-pm to govt




the newly constituted economic advisory council to the prime minister (eac-pm) wants the government to stick to its fiscal consolidation road map and has suggested that stimulus to the industry should not be at the cost of fiscal prudence.the council, which met for the first time today, has identifi...



moody's rating upgrade: govt to stick to fiscal road map, says arun jaitley




a day after dithering on the fiscal glide path, finance minister arun jaitley, upbeat on the moody’s upgrade, said the government would maintain fiscal discipline and adhere to the road map suggested by a government-constituted panel.  “we intend to maintain the fiscal glide path. we believe th...



govt cuts capex two months in a row to contain fiscal deficit




the government had to cut expenditure, including on the much-needed capital front, in september for a second month in a row, to control its fiscal deficit.   the squeeze on capital expenditure (capex) was so much that it declined even cumulatively as a percentage of budget expenditure in the first...



gdp growth dipped to 5.7% or below eight times during upa regime, says pm




he said that the government will maintain the financial stability and will keep taking necessary steps to boost investment. "cabinet set up sit in its 1st meeting to crack black money overseas, passed insolvency & bankruptcy code. record number of foreign companies are investing in india today," he ...



eu states agree to end excessive deficit procedure for greece | business




european union states decided on monday to close disciplinary procedures against greece over its excessive deficit after improvements in greece’s fiscal position, confirming the country’s recovery is on the right track.eu states backed a recommendation by the european commission to end the exces...



increase social security pension in budget 2018: economists to jaitley




economists today suggested a range of measures, including increasing social security pension, to finance minister arun jaitley as part of pre- budget consultations."the amount (for social security pension) has been rs 200 per month. this is totally unacceptable. there is no reason to keep it so low....



gop rep says deficit talk was just an obama-era 'talking point'




the debate over the budget deficit and “fiscal responsibility” runs like clockwork: when there’s a democratic president, republicans pretend to care about balancing the budget; and when there’s a republican president, the gop drops the pretense.indeed, it’s one of the few constants in amer...



april-oct fiscal deficit at 96% of budget estimate




the deficit for april-october last year was 79.3 per cent of the 2016-17 full-year targetarup roychoudhury  |  new delhi  last updated at december 1, 2017 02:29 isthttp://mybs.in/2ub2f7u illustration by ajay mohanty the centre’s fiscal deficit for april-october, the first seven months of the fi...



parliamentary proceedings, fiscal deficit data to drive key equity indices




parliamentary proceedings -- including passage of key bills -- along with macro-economic data on the fiscal deficit will be keenly watched by market participants and will have a bearing on the domestic equity indices in the coming week. additionally, the trajectory of the two key indices is expected...



former planning commission member n k singh to head 15th finance commission




the government has announced the 15th finance commission and it will be chaired by former parliamentarian and revenue and expenditure secretary n k singh. its tenure will be till october 30, 2019, by when it will have to give its final report on distributing divisible funds between the centre and th...



govt may have to cut capex by rs 70,000 cr: sbi research




while corporate india wants a fiscal stimulus for the economy, the government might have to cut its capital expenditure by rs 70,000 crore to ensure the financial year's fiscal deficit doesn't cross the targeted 3.2 per cent of gross domestic product (gdp), says sbi research.  to make up, it might ...



news digest: india's gdp growth rebounds, fiscal deficit at 96%, and more




economy rebounds: gdp growth rate rises to 6.3% in september quarter the country’s economic growth recovered to more than 6 per cent in the july-september quarter, backed by strong manufacturing, allaying doubts about disruptions caused by the goods and services tax (gst). this was a break with fi...