Banking & Financial Services
Income Tax Calculator
Personal Loan Calculator
Car Loan Calculator
Home Loan Calculator
fiscal deficit News
Govt committed to sticking to fiscal deficit target of 3.2% GDP, says FM Arun Jaitley
Tue, Oct 24, 2017
Finance Minister Arun Jaitley today said the Indian economy is on a strong wicket with sound macro-economic fundamentals.
10 things you need to know about India's infrastructure investments, PSB recapitalisation
Tue, Oct 24, 2017
While announcing the roadmap leading to growth in the economy the government said macro economic fundamentals were strong and fiscal deficit target of 3.2% of GDP would not be breached.
Can the government ‘substantially cut’ expenditure to meet fiscal deficit target?
Mon, Oct 23, 2017
SBI said the fiscal deficit of 3.2% in FY18 does not seem difficult to meet. However government will have to reduce expenditure drastically.
RBI outlines ill-effects of an economic stimulus
Thu, Oct 05, 2017
Government had budgeted gross market borrowings of Rs 5.8 lakh crore ($88.57 billion) for FY18. Of this, 3.72 trillion rupees was raised in the first half of the year.
India sticks to FY18 borrowing target, leaves window ajar for extra bond sales
Fri, Sep 29, 2017
India`s government stuck to its budgeted market borrowing target on Thursday for the fiscal year ending in March 2018, but didn`t rule out the possibility of selling additional bonds to fund any new spending.
After ADB, India Ratings revises India's growth projection to 6.7% in FY18
Wed, Sep 27, 2017
IndRa in its research report said that the combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier.
How will Modi's economic stimulus impact Indian economy?
Mon, Sep 25, 2017
India's gross domestic product dropped to a three-year low at 5.7% in three months ended June 2017. India's fiscal deficit at the end of March 31, 2017 stood at 3.5%.
Economic stimulus on its way but where should it be spent?
Fri, Sep 22, 2017
India's GDP (Gross Domestic Product), which is a sum total of all goods and services produced in the country in a given period, dropped to a three-year low at 5.7% in three months ended June 2017.
Sensex Nifty trades in red ahead of GDP numbers; NTPC top loser
Thu, Aug 31, 2017
In pre-open market, the 31-scrip index was trading higher at 31,685-level, while the 51-scrip index at 9,905-mark.
Where did RBI's expected Rs 30,000-crore more surplus go?
Mon, Aug 14, 2017
RBI in its circular on August 10, stated that the central board has approved to transfer surplus amounting to Rs 30,659 crore. This would be not even half of surplus it provided in FY16.
How to help ease farmers' distress without a loan waiver?
Tue, Jun 20, 2017
Analysts expect that key problems of agriculture sector is low productivity, "leakages” in the value chain, and inefficiencies in factors of production. Reforms in those areas are much needed than a farm loan waiver.
Debt continues to be key constraint for India, Moody's says
Thu, Jun 01, 2017
Moody's said, "India (Baa3 positive) is implementing a number of wide-ranging reforms and measures that, if effective, will broaden the tax base and anchor fiscal consolidation. Under such outcomes, the government's debt burden, a key constraint on India's credit profile, would ease gradually."
Govt meets 3.5% fiscal deficit target in 2016-17
Wed, May 31, 2017
Total expenditure of the government in April was Rs 2.42 lakh crore, or 11.3 per cent of the full-year estimate
States could potentially earn Rs 45,000 crore from GST
Tue, May 30, 2017
India has adopted a dual GST model, where there will be 2 levels of taxes that would be levied separately by the Central Government and State Governments.
Direct benefit transfer results in Rs 50,000 crore savings for Govt in last 3 years: Amit Shah
Sun, May 28, 2017
BJP President Amit Shah has said the direct benefit transfer (DBT) programme has resulted in Rs 50,000 crore savings for PM Narendra Modi-led government in the last three years adding further that the direct and indirect taxes have witnessed a growth rate of 20% and the country's inflation is under control.
Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry
Tue, May 16, 2017
HDFC's VC and CEO Keki Mistry in an one-on-one interview with Zee Business said that India is poised to be amongst the most significant economic countries in the world along with China and US.
Credit profile to improve if India sticks to fiscal path: Moody's
Fri, Apr 14, 2017
Former Revenue Secretary N K Singh-headed panel has also recommended bringing down the Centre's debt-GDP ratio to 40% by 2023 from 49% at present.
India's fiscal deficit reaches 113% in February
Fri, Mar 31, 2017
From April 2016 – February 2017, the fiscal deficit stood at Rs 6,05,614 crore, a rise of 5.71% from Rs 5,72,872 crore in the corresponding period of the previous year.
India India Inc says monetary policy disappoints with no rate cut
Wed, Feb 08, 2017
The Monetary Policy Committee ‘surprised the markets with a pause,’ was one way India Inc described the Reserve Bank of India’s decision to maintain status quo on interest rates on Wednesday at 6.25%.
4 factors that RBI's MPC will keep in mind for today's monetary policy
Wed, Feb 08, 2017
The government had given time till December 31 to deposit the old currencies in banks and RBI.