Page 38 - Fiscal Deficit

Payment of AGR dues to slash fiscal deficit to 3.5% in FY20: SBI economists

According to the revised budget estimates, the government expects a fiscal deficit of 3.8 per cent in 2019-20

Budget 2020 was disappointing for lacking vision, says Ashima Goyal

However, the finance minister has achieved a "balancing act" through her moves, Goyal said

India is beginning to look like a tired proposition: Ashmore's Jan Dehn

After the election-related fiscal blowout, India needs to scale back fiscal spending and roll out aggressive reforms

FRBM Act not breached in budget, committed to reducing fiscal deficit: FM

The Centre had earlier said it was committed to reduce the fiscal deficit to 3 per cent of GDP by 2020-21 and eliminate the primary deficit as per the FRBM Act.

Budget proposals won't have much inflationary impact, says RBI Governor Das

Retail inflation based on consumer price index (CPI) soared to a near six-year high of 7.59% in January

Confident of economic recovery, S&P keeps India's rating at 'BBB-'

Says fiscal position weak, but sees strong growth prospects over 2-3 years

S&P affirms India's rating at 'BBB-', fiscal position remains precarious

The rating agency sees growth recovery over two to three years

S&P retains India's rating at 'BBB-', says fiscal position precarious

Fiscal deficits have exceeded the government's plan, S&P said, adding it expect limited consolidation over the next few years

Top 10 biz headlines: New tax dispute resolution scheme; F15EX jets for IAF

From expanding the scope to cover litigation pending in arbitration forums to Boeing offering F-15EX fighters to India, here are the top business headlines of the day

Missing fiscal deficit target is in Budget DNA

The government of the day won't be able to resist the temptation to err on the side of expansion and leave it to its successors to pay for its excesses

Beyond landslide victory: AAP has a tightrope walk on fiscal balance

Arvind Kejriwal government has to keep in mind that revenue and fiscal balances of the government do not deteriorate much if it expands its freebies

Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans

From SoftBank eyeing minority stake in Mahindra Electric Mobility to DRDO chief calling for developing future tech, here are top 10 business headlines of the day

India's fiscal gap one of the highest among major emerging markets

Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019

Centre's fund crunch pulls down cities; rich Mumbai struggles too

State government accounts deserve scrutiny because they collectively spend 36 per cent more than the federal administration

Modi says govt focus is on 'maximum job creation', attacks Opposition

He accused the Congress party of delaying the development of the country for 70 years

Beyond numbers

Budget speech should have been fact-checked

Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman

Sitharaman said her ministry is motivating tax officers to meet the collection targets and not forcing them to do so

We have reprioritised spending to be more productive: Expenditure Secretary

If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent

Budget stimulus unlikely to revive India's growth from slowdown: Experts

Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost

Govt very transparent in setting new fiscal deficit target: FM Sitharaman

She further said that many people have been speculating that the fiscal deficit would cross 4%