Page 18 - Latest Updates on Fiscal Deficit
India's gross tax receipts remain robust; fiscal deficit at Rs 7.02 trn
Upward trend mainly due to spike in corporation tax mop-up
 "India's gross tax receipts remain robust; fiscal deficit at Rs 7.02 trn")
Govt's fiscal deficit rises to 39.3% of annual target in H1 of FY24
The fiscal deficit was 6.4 per cent of the GDP in 2022-23 against the earlier estimate of 6.71 per cent
 "Govt's fiscal deficit rises to 39.3% of annual target in H1 of FY24")
Fiscal balance
Geopolitical tensions have increased risks
 "Fiscal balance")
India likely to meet 5.9% fiscal deficit target in FY24, says IMF
Earlier, this month, India hiked the cooking gas subsidy for low income households to 300 rupees per cylinder from 200 rupees announced in August
 "India likely to meet 5.9% fiscal deficit target in FY24, says IMF")
India's debt to GDP ratio to peak at 82.3% in FY25, fall in FY29, says IMF
The IMF's present estimates mark a notable deviation from its April projections
 "India's debt to GDP ratio to peak at 82.3% in FY25, fall in FY29, says IMF")
TMS Ep538: Fiscal balance, Ceat's Arnab Banerjee, glacial lake outburst
Will polls pose a danger to India's fiscal balance? What is Arnab Banerjee's view on Ceat's quality management? How will Israel-Hamas war impact markets? What is glacial lake outburst? Answers here
 "TMS Ep538: Fiscal balance, Ceat's Arnab Banerjee, glacial lake outburst")
Beyond the bond market's message
Unlike in the past, when India and other developing markets caught a cold when the US sneezed, the situation is somewhat different now
 "Beyond the bond market's message")
No major problem with central govt finances: RBI governor Shaktikanta Das
He said the government is, by and large, sticking to the fiscal consolidation roadmap after the end of the pandemic, which had seen some expansion because of the high spending
 "No major problem with central govt finances: RBI governor Shaktikanta Das")
India's fiscal deficit rises to Rs 6.42 trillion, 36% of FY24 target
In the same period in FY23, the deficit was 32.6 per cent of the full-year target
 "India's fiscal deficit rises to Rs 6.42 trillion, 36% of FY24 target")
Top headlines: India's economy 16.5 yrs behind China, Inflation a key issue
Business Standard brings you the top headlines at this hour
Confident of meeting fiscal deficit, nominal GDP targets: DEA secy
Govt keeping a close watch on some sectors for supply side measures to tame inflation
 "Confident of meeting fiscal deficit, nominal GDP targets: DEA secy")
India's gross tax revenue up 2.8% at Rs 8.9 trillion so far in FY24
India's fiscal deficit widens to 33.9% of FY24 BE; net tax revenue contracts nearly 13%
 "India's gross tax revenue up 2.8% at Rs 8.9 trillion so far in FY24")
Fiscal deficit touches 33.9% of full-year target at end-July: CGA data
The deficit stood at 20.5 per cent of the Budget Estimates (BE) in the corresponding period of the financial year 2022-23
India's fiscal deficit for Q1 reaches 25.3% of annual target: Govt data
Fiscal deficit - the difference between government's expenditure and revenue, stood at 6.4 per cent of the GDP in 2022-23
 "India's fiscal deficit for Q1 reaches 25.3% of annual target: Govt data")
Fiscal deficit for April-June at 25.3% of annual target: Govt data
Total expenditure during the period was Rs 10.51 trillion,or 23.3% of the annual goal, lower than the Rs 9.48 trillion in the same period last year
 "Fiscal deficit for April-June at 25.3% of annual target: Govt data")
Centre's fiscal deficit at 11.8% of FY24 Budget target, shows CGA data
The finance ministry has targeted to bring down the fiscal deficit to 5.9 per cent of GDP in FY24 from 6.4 per cent of GDP in the preceding year
 "Centre's fiscal deficit at 11.8% of FY24 Budget target, shows CGA data")
Centre's fiscal deficit at 11.8% of full year target, shows CGA data
The fiscal deficit was 12.3 per cent of 2022-23 BE a year ago
 "Centre's fiscal deficit at 11.8% of full year target, shows CGA data")
States' financial profile better in FY23; debt stays high: RBI report
At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added
 "States' financial profile better in FY23; debt stays high: RBI report")
Average capital investment in many sectors growing at more than 20%: CEA
On inflation, the CEA said it has been moderate and that it would not be a challenge for households and cost of living in 2024
 "Average capital investment in many sectors growing at more than 20%: CEA")
Fiscal deficit comes marginally lower than 6.36% of FY23 target: Govt data
Non-debt capital receipts, primarily disinvestment receipts, fell short of the FY23 target by 13.5 per cent
 "Fiscal deficit comes marginally lower than 6.36% of FY23 target: Govt data")