Fiscal Deficit | The Asian Age

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Forex market sentiment turned highly volatile and reacted vehemently to some key Budget announcements, triggering panic dollar buying by corporates and importers.

Rupee crumbles 44 paise on LTCG tax, fiscal deficit woes

Rupee is trading at 64.02 against US dollar after govt announced long-term capital gains tax on equities.

01 Feb 2018 7:37 PM

Finance Minister Arun Jaitley. (Photo: Twitter/ANI)

Budget 2018: Govt misses fiscal deficit target; higher at 3.5 pc in FY'18

Fiscal deficit has a bearing on sovereign rating of the country as well as the debt market.

01 Feb 2018 1:21 PM

Below is a list of expectations across markets and corporate sectors.

Expectations from India's 2018-19 budget

Government is widely expected to increase spending to ensure growth recaptures momentum.

30 Jan 2018 12:51 PM

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

Go slow on deficit cap: Survey

Cautions FM against setting ambitious targets for fiscal consolidation on optimistic forecasts ahead of polls

30 Jan 2018 12:40 AM

Finance Minister Arun Jaitley. (Photo: PTIFile)

GDP growth to pick up to 7-7.5 pc in 2018-19: Key highlights of Economic Survey

Arun Jaitley's annual budget forecast that economic management will be challenging in the coming year.

29 Jan 2018 5:06 PM

Jaitley in October had announced an unprecedented Rs 2.11 lakh crore, 2-year road map to strengthen PSBs.

Rs 80,000 crore PSB recap bonds won't impact fiscal deficit: Finance Ministry

Government has pegged the fiscal deficit target at 3.2 per cent of the GDP for the current fiscal.

24 Jan 2018 5:35 PM

The economy now has a clear runway for growth.

India's fiscal deficit may widen to 3.5 pc in FY19: report

Indian economy is expected to remain on a recovery path, and is likely to improve to 7.5 per cent in 2018-19.

22 Jan 2018 10:57 AM

Agency expects fiscal deficit in 2018-19 to be at 3.2 per cent, higher than 3 per cent stated in the medium-term fiscal policy statement.

India Ratings projects economic growth at 7.1 pc next fiscal

Ind-Ra expects retail and wholesale inflation to come in at 4.6 per cent and 4.4 per cent.

18 Jan 2018 3:40 PM

Govt estimated GDP growth will accelerate to 7.5 per cent during the fiscal 2018-19 from the 6.6 per cent expected in FY18.

'Govt may not alter fiscal consolidation targets in budget'

Govt will try to get fiscal deficit number down to 3.4 per cent as against consensus estimate of 3.5 per cent.

15 Jan 2018 4:14 PM

Government has already exhausted 112 per cent of the 2017-18 target by November 2017.

Govt to opt for wider fiscal deficit target of 3.2 pc in FY19: DBS

Opting for a fiscal deficit target of 3.2-3.4 pc will lead to a surge in Govt borrowings to Rs 4.8-5.2 lakh cr.

04 Jan 2018 5:40 PM

While the government seems firm on sticking to its fiscal deficit, there is a high probability that it could raise taxes in the future to maintain its position.

High fiscal deficit not good news

India, according to the International Monetary Fund has a fiscal deficit that is among the highest in the G-20 countries.

31 Dec 2017 12:42 AM

For 2017-18, government aims to bring down the fiscal deficit to 3.2 per cent of GDP.

Fiscal deficit breaches FY18 target at November-end

During the same period of 2016-17, the deficit stood at 85.8 per cent of that year's target.

29 Dec 2017 4:01 PM

Overall, FPIs have invested Rs 49,836 crore in equities so far in 2017 and another Rs 1.5 lakh crore in debt markets.

FPIs' net outflow from equities at Rs 7,300 cr in Dec so far

Fiscal deficit data overshadowed a strong GDP growth of 6.3 per cent for September quarter.

25 Dec 2017 11:10 AM

Finance Minister Arun Jaitley. (Photo: PTI)

Q2 growth marks reversal of declining trend: Jaitley

Indian economy bounced back from a 3 year low to expand by 6.3 pc in July-Sept compared to 5.7 pc in April-June.

12 Dec 2017 9:51 AM

India's growth, at 5.5-6 per cent in old series, will likely continue to remain below the 7 per cent trend.

'GDP growth in FY'19 likely to see marginal pick up at 7.2 per cent'

Public investment is also constrained by a strict 3.2 per cent of GDP center's fiscal deficit target in FY18-19.

06 Dec 2017 4:18 PM

Intend to move on track on fiscal deficit glide path: Jaitley

Government has budgeted to bring down fiscal deficit to 3.2 per cent of GDP in 2017-18.

30 Nov 2017 5:40 PM

Fiscal deficit hits 96 per cent of India's total budget estimate in October

India's fiscal deficit at the end of October hit 96.1 per cent of the budget estimate for 2017- 18. (Photo: PTI/Representational)

30 Nov 2017 3:27 PM

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

Divestment plan, GST to reduce government's fiscal woes

The report said the government's divestment strategy has a potential to generate Rs 1 trillion.

27 Nov 2017 7:34 PM

Recapitalisation bond if issued by the government could affect its target to reduce central fiscal deficit to 3.2 per cent of GDP this year. (Representational Image)

Recapitalisation plan positive for banks' ratings: Fitch

Govt recently announced to infuse Rs 2.1 trillion in state-run lenders over a two-year period.

26 Oct 2017 11:13 AM

Economic Affairs Secretary Subhash Garg. (Photo: ANI)

GST have been biggest growth contributors: Subhash Garg

Government is unlikely to overshoot its target of 3.2 per cent fiscal deficit at the end of the current fiscal year.

24 Oct 2017 7:53 PM

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Sunil Gatade