Page 45 - Fiscal Deficit

No plans to revise fiscal deficit target or cut spending now: Sitharaman

The government cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low.

FM Sitharaman rules out any immediate plan for expenditure reduction

No change in fiscal deficit target for now, says FM Nirmala Sitharaman

Impact of corporate tax rate cut on firms, economy: Explained in six chart

After this cut, base corporate tax rate in India has become competitive and should help boost investment

After corporate tax cut, fiscal crisis reaches states' doorstep

The recent sentiment-boosting corporate tax cuts will cost the government Rs 1.45 trillion of gross tax revenue

Flip side of corporate tax bonanza: Fiscal deficit may rise to 3.7% of GDP

Centre may have to go for spending cuts and off-Budget borrowing

Worst-case scenario is a 0.5% fiscal slippage: Ashima Goyal on tax cut

If towards the end of the year, government finds that the deficit is rising, then they may cut expenditure, Goyal said

Bond traders on edge over possible stimulus; seek assurance on fiscal goals

The government will make every effort to ensure that the revenue loss from its latest booster won't affect its goal to narrow the fiscal gap to 3.3 per cent of GDP

Advance tax mop-up posts dismal growth, rises by just 6% in H1FY20

Direct tax collection needs to grow by about 27% from here on to meet FY20 Budget target

FinMin plans to release unspent money, boost demand amid economic slowdown

To look at fiscal deficit of entire country before starting pre-Budget consultations, cut off-Budget borrowings

Round 3 of economic stimulus: tax break for exports, help for real estate

FM rolls out Rs 20,000 crore fund for affordable, unfinished homes

Letter to BS: Govt must strike balance between savings and expenditure

The huge shortage in GST collection last year has widened the fiscal deficit

After RBI bailout, doubts emerge on how govt will pay for schemes in future

PM Modi announced a flurry of ambitious programmes to win over voters; he now has to find resources to fund recurring expenses for farm income, employment guarantees and health access

Why India could miss fiscal deficit target for the current financial year

By the end of 2019, govt could be forced to raise the fiscal deficit target to 3.5% of GDP from the current target of 3.3% as pressure for more stimulus mount

Fiscal deficit crosses 77% of budgeted target in first four months of FY20

The deficit stood at 8.8 per cent of gross domestic product (GDP) in the first quarter of FY20 (Q1FY20)

Fiscal deficit crosses 77% of budgeted target in first 4 months of FY20

Net tax receipts in the first four months of the fiscal year were Rs 3.39 trillion, while total expenditure was Rs 9.47 trillion, government data showed

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

Govt may contain fiscal deficit at 3% in FY20 after RBI's surplus transfer

The fiscal deficit target seemed challenging with subdued tax collections

FM's fiscal stimulus can boost consumption ahead of festive season

The FM also promised to accelerate the processes for GST refunds

Minutes of MPC meeting: Fixing weak economic growth remains top priority

What is telling is that large swings in the Indian business cycle are still not a thing of the past, despite the adoption of inflation targeting in India

Crafting a fiscally neutral stimulus

With a slew of industries in the grip of a prolonged slump, a package of measures that will boost demand without burdening the exchequer is imperative