fiscal deficit target
Government confident of meeting FY18 fiscal deficit target, says Economic Affairs Secretary
Thu, Mar 29, 2018
"Fiscal accounts numbers released yesterday (Wednesday) indicated end-February position. We now have flash numbers until March 28. We are very close to RE (revised estimates) for both fiscal deficit and revenue deficit. (We are) Quite confident that fiscal deficit will be within 3.5 per cent of GDP," Garg tweeted.
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Disappointing GST data signals fiscal slippage in FY18
Fri, Dec 29, 2017
ICRA highlighted that stripping off 50% of the IGST inflows and the entire GST compensation cess receipts in November 2017, indicates that the balance taxes of the GoI contracted by a considerable 14.8% relative to November 2016 .
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Exclusive: India seeks hefty dividends from state firms as its revenues falter
Mon, Nov 13, 2017
The demand has been made following a finance ministry assessment on Oct. 25 of the financial health of 14 state companies, including top miner NMDC Ltd and trading firm MMTC Ltd, according to a government document reviewed by Reuters.
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Govt to sell up to 10% of utility NTPC in potential Rs 13,800 crore deal
Mon, Aug 28, 2017
India`s government said it will sell a 5 percent stake in top power producer NTPC Ltd through a stock market auction, with a greenshoe option to sell another 5 percent in a deal that could raise up to $2.2 billion (Rs 13,897.4 crore).
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Budget raises India's capital market ambitions
Mon, Feb 06, 2017
The government intends to raise Rs 110 billion from the listing of state-owned insurance companies, Rs 465 billion from the sale of stakes in state-owned companies on local stock exchanges and Rs 150 billion from strategic sales in 2017-18.
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Budget 2017: Meeting disinvestment target is key to achieving fiscal deficit goal
Wed, Feb 01, 2017
Jaitley said that the Government plans to raise Rs 72,500 crore through disinvestment. In his Budget speech, FM Arun Jaitely said, “The government plans to raise about Rs 72,500 crore through disinvestment of central public sector enterprises (CPSE) in 2017-18.”
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FRBM panel for liberal view on fiscal deficit
Tue, Jan 24, 2017
The N K Singh panel has suggested a liberal approach on fiscal consolidation to ensure that the government's power to spend on development is not restricted even as its member Arvind Subramanian, CEA, has expressed some reservations on certain aspects of the report.
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Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18
Tue, Jan 24, 2017
As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.
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