News digest: Centre to stick to fiscal target, airfares rise, and more

Finance ministry tells PM fiscal deficit target will be met, capex expenditure won't be cut and GDP growth will surpass 7.5%

Centre to stick to fiscal target of 3.3% as tax revenues on the rise: FM

Finance ministry officials on Saturday apprised Prime Minister Narendra Modi of the “comfortable” revenue position, which they said would help contain the fiscal deficit at the targeted 3.3 per cent of gross domestic product (GDP) in 2018-19, without resorting to any squeeze on the capital expenditure.

On the second day of his review of the economy against the backdrop of a falling rupee and surging oil prices, the prime minister took stock of tax collections and macroeconomic indicators. Read more...

Domestic airfares rise 7.5% ahead