Fiscal Deficit | The Asian Age

Tuesday, Apr 16, 2024 | Last Update : 06:19 PM IST

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India needed funds to meet its fiscal deficit target of 3.3 per cent set for this fiscal year to March 2020. (Photo: Reoresentational)

India aims to cut stake in state-run firms to minimum in FY20: Source

Government seeks to shore up 1.05 trillion rupees (USD 15.30 billion) through stake sales in the current fiscal year.

08 Jul 2019 12:21 PM

Finance Minister Nirmala Sitharaman said as a government minister she is duty bound to follow glide path to achieve fiscal deficit target of 3 per cent as per the law. (Photo: File | ANI)

Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM

In Budget presented on Friday, government lowered the fiscal deficit target to 3.3 pc of the GDP for 2019-20.

07 Jul 2019 6:00 PM

Government announced a lower fiscal deficit target for fiscal 2020, while maintaining its support for growth and incomes.

Budget 2019 puts onus on RBI to spur growth

In the fourth quarter of the fiscal year to last March 31, economic growth slumped to 5.8 per cent, the slowest pace in 20 quarters.

06 Jul 2019 12:24 PM

While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent.

Budget 2019: Govt lower fiscal deficit target to 3.3 per cent for FY20

The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.

05 Jul 2019 2:12 PM

General government fiscal deficit seen at 5.8 pc in 2018-19, against 6.4 per cent last fiscal.

Economic Survey 2018-19 highlights

India continues to remain the fastest-growing major economy in the world in 2018-19.

04 Jul 2019 1:30 PM

Economic Survey: GDP growth projected at 7 per cent for 2019-20

The growth projection is higher than a five-year low economic growth of 6.8 per cent for the year ended March 31.

04 Jul 2019 11:47 AM

Economy is facing headwinds in manufacturing and agriculture sectors that saw growth rate slowing down to 5-year low of 5.8 per cent in the January-March quarter. (Photo: ANI)

Economic Survey to chart out reform road map of Modi 2.0 govt

Govt might this year again slip on fiscal deficit front given sluggish GST collections and lower-than-expected growth in direct taxes.

04 Jul 2019 9:31 AM

In recent years, India has managed to rein in the budget deficit, mostly through higher fuel taxes and subsidy cuts. (Photo: Twitter/ ANI)

Going for growth, government set to borrow more: Economists

Govt will revise its fiscal deficit target up to 3.5 per cent of GDP for the current fiscal year and 3.3 per cent for 2020-21.

03 Jul 2019 1:53 PM

Finance Minister Nirmala Sitharaman presents her first budget on July 5, for the fiscal year ending March 2020. (Photo: PTI )

Govt likely to let budget deficit rise as tax receipts fall short

Fiscal deficit target to as much as 3.6 per cent of GDP from an already upwardly revised target of 3.4 per cent.

21 Jun 2019 11:39 AM

The growth in gross domestic product (GDP) was slowest since 2014-15.

GDP growth slows to five-year low at 5.8 per cent in January-March

GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year.

31 May 2019 6:00 PM

The fiscal deficit for 2018-19 works out to be 3.39 per cent of GDP, as per data released by Controller General of Accounts (CGA).

Fiscal deficit lower at 3.39 per cent in 2018-19

Fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore.

31 May 2019 5:52 PM

"The share of (market) borrowings (of states) has increased to a high of 91 per cent in FY19," Care Ratings said in a report. (Representational Image)

States' share of market borrowing up at 91 pc in FY19: Report

In FY19, states' budgeted borrowing from the market stood at Rs 4,40,700 crore.

25 May 2019 1:28 PM

The government has a fiscal deficit target of 3.4 per cent of gross domestic product for 2019-20.

Next government seen relying on RBI rate cuts to spur growth

The two finance ministry officials said the government expects at least another 50 bps cut by August.

15 May 2019 3:38 PM

The target for GST collection was revised downwards to Rs 6.44 lakh crore from the Budget Estimate of Rs 7.44 lakh crore.

Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says official

The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit.

09 Apr 2019 5:54 PM

The official declined to share further details about expenditure cuts in the fund allocations to different ministries. (Representational Image)

India meets fiscal deficit target of 3.4 per cent via spending cuts: source

The government missed the tax collections target by over 1 trillion rupees.

09 Apr 2019 3:11 PM

"We are very close to meeting (fiscal deficit)," Finance Secretary Subhash Garg said when asked whether government has met fiscal deficit target for 2018-19.

Govt close to meeting fiscal deficit target of 3.4 pc: Garg

The government at many occasions had indicated that there might be some shortfall on indirect taxes collection.

04 Apr 2019 7:42 PM

As per the Union Budget, the gross borrowing was pegged at Rs 7.1 lakh crore for 2019-20, higher than Rs 5.71 lakh crore estimated for the ongoing fiscal.

Govt to borrow Rs 4.42 lakh cr in H1 FY2019-20: Economic affairs secy

Economic Affairs Secy Subhash Chandra Garg said government will stick to fiscal deficit target of 3.4 pc of GDP for current fiscal.

29 Mar 2019 7:23 PM

Our assessment at this stage is, in direct taxes, we will probably do as per the revised estimate, indirect taxes, there might be some shortfall, and on the expenditure side there might be some savings, said Economic Affairs Secretary Subhash Chandra Garg.

Govt will meet fiscal deficit target of 3.4 per cent in FY'19:Garg

As per interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 pc for current fiscal year ending March 31.

08 Mar 2019 7:14 PM

The government expects Rs 28,000 crore from the RBI as interim dividend for 2018-19 based on the financial position of the central bank. (Photo: Twitter | @ANI)

Jaitley to address RBI board on Monday

The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal.

17 Feb 2019 1:30 PM

It's govt right to demand interim dividend and use it the way its wants: Das

Payment of surplus or interim dividend to the government is a part of the RBI Act, says RBI Governor.

07 Feb 2019 4:45 PM

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Aakar Patel