Page 53 - Latest Updates on Fiscal Deficit
FRBM panel for combining Centre, states' deficit targets
If combined, there is expected to be a huge reset in fiscal deficit targets
 "FRBM panel for combining Centre, states' deficit targets")
 "Shaky fiscal grounds")
Apr-Jun fiscal deficit at 61% of FY17 target
This indicates a greater frontloading of expenditure this time, plus below-par non-tax revenue receipts
 "Apr-Jun fiscal deficit at 61% of FY17 target")
India unlikely to slip on FY17 fiscal deficit target: DBS
If global oil prices rise sharply, fuel excise duties will have to be cut, it warned
 "India unlikely to slip on FY17 fiscal deficit target: DBS")
Fiscal deficit at 61.1% of BE in Q1FY17
The April-June fiscal deficit was at Rs 3.26 lakh crore
 "Fiscal deficit at 61.1% of BE in Q1FY17")
Rising tax kitty to help Centre meet fiscal deficit target
Tax collections up 28% to Rs 3.24 lakh crore during April-June 2016
 "Rising tax kitty to help Centre meet fiscal deficit target")
April-May fiscal deficit at 43% of BE
In April, first month of this financial year, it was 25.7% of the year's budgeted amount, compared to 23% in the same month of 2015
April-May fiscal deficit at 43% of Budget estimates
The fiscal deficit situation during April-May of the last fiscal was 37.5% of the Budget estimates
 "April-May fiscal deficit at 43% of Budget estimates")
Maharashtra remains the richest state: RBI report
Tamil Nadu's finances most stressed, with gross fiscal deficit estimated at Rs 31,830 crore
 "Maharashtra remains the richest state: RBI report")
FY16 fiscal deficit target met
For FY17, the deficit target is 3.5 per cent of GDP
 "FY16 fiscal deficit target met")
At Rs 1.37 lakh crore, April fiscal deficit crosses 25% mark
Revenue collection was Rs 22,075 crore, or 1.6% of the estimate
 "At Rs 1.37 lakh crore, April fiscal deficit crosses 25% mark")
Fiscal prudence
Principles that should underlie FRBM redesign
UP fiscal deficit on rising trajectory
It has more than doubled under 4-year rule of Akhilesh govt
 "UP fiscal deficit on rising trajectory")
FY18 fiscal deficit target may be set at 3-3.5% instead of 3%: BofA
Govt on May 17 formed a committee to examine the feasibility of a fiscal deficit range instead of a fixed target
Govt sets up FRBM committee on fiscal deficit range
The committee, formed to examine the need and feasibility of having a 'fiscal deficit range', will be headed by N K Singh
 "Govt sets up FRBM committee on fiscal deficit range")
Fiscal concerns cloud likely uptick in Capex
By increasing states' share in the divisible tax pool to 42%, the 14th Finance Commission has ushered in a monumental change in the country's fiscal architecture. States now have the flexibility to pr
 "Fiscal concerns cloud likely uptick in Capex")
FinMin to approach Cabinet for panel to fix deficit range
Finance Minister had in the 2016-17 Budget proposed to set up a committee to look into the possibility of fixing a range of fiscal deficit target
Fiscal deficit: Cabinet approves states' targets in line with 14th Finance Commission report
The report also suggested year-to-year flexibility for additional deficit of about 0.5%, plus or minus
Will meet revised FY16 fiscal targets: Govt
The ministry said tax revenues were on track and the 2015-16 revised targets were expected to be fully met
 "Will meet revised FY16 fiscal targets: Govt")
Fiscal deficit expected to be below 3.9%: Finance Ministry
As per fiscal consolidation roadmap, fiscal deficit for current fiscal has been pegged at 3.5% of GDP