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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt plans to borrow Rs 2 lakh crore in H2, FY18

Net borrowings in the October-March period of the year has been pegged at Rs 1.92 lakh crore.

28 Sep 2017 1:32 PM GMT

Niti Aayogs new Vice-Chairman Rajiv Kumar.(Photo: PTI)

Niti Aayog deputy chief says no harm in busting fiscal deficit target

Fiscal deficit for financial year ending next March to 3.7 per cent of GDP from a budgeted target of 3.2 per cent.

27 Sep 2017 7:46 AM GMT

For FY 18, the fiscal deficit target was supposed to be 3 per cent but it may choose the upper band of 3.5 percent in the Union Budget.

Loosen fiscal deficit target, increase public spending: CII

The suggestions come against the backdrop of GDP growth hitting a three-year low of 5.7 per cent in the June quarter.

22 Sep 2017 12:36 PM GMT

Subhash Chandra Garg

Govt looking for ways to stabilise FPI inflow: Garg

During April-September period, the Centre's fiscal deficit has widened to 95.3 per cent.

30 Oct 2018 8:32 AM GMT

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Fuel excise duty cut credit negative: Moody's

Excise duty cuts on auto fuel reduce govt revenue and increase fiscal deficit by 0.1 pc to 3.4 pc of GDP in FY19.

10 Oct 2018 7:25 AM GMT

Prime Minister Narendra Modi addresses a public meeting in Anand, Gujarat (Photo: PTI)

India ideal investment destination: Narendra Modi

The middle class is growing and the country is full of demographic dividend.

7 Oct 2018 1:34 PM GMT

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

Fiscal slippages to have adverse bearing on inflation, markets: RBI

Finance Minister Arun Jaitley has, however, assured that the government will stick to the fiscal deficit target.

5 Oct 2018 11:52 AM GMT

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

It'll be tough for govt to meet deficit target

If prices are down and inflation is under control, the Reserve Bank will have to think of cutting interest rates in its...

28 Nov 2018 6:30 PM GMT

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Dip in revenues may widen fiscal gap to 3.5 per cent in FY19: report

Total revenues and expenditure of the govt, will come at Rs 6.67 lakh cr as against the budgeted Rs 6.24 lakh cr.

26 Nov 2018 8:46 AM GMT

P Chidambaram said, privacy was at the core of personal liberty and an inalienable part of life itself. (Photo: PTI)

Govt determined to 'capture' RBI's Rs 9 lakh crore reserves: P...

'November 19 will be a day of reckoning for central bank independence and the Indian economy,' Chidamabram said.

18 Nov 2018 7:03 AM GMT

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Govt says not seeking massive reserve transfer from RBI, in talks for...

9 Nov 2018 12:36 PM GMT

Subhash Chandra Garg

Govt not seeking Rs 3.6 lakh cr from RBI: DEA Secretary

Fiscal deficit target of 3.3 per cent for the current financial year ending March 31, 2019.

9 Nov 2018 8:32 AM GMT