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Defence minister Nirmala Sitharaman during a press conference in Mumbai. (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 IST

Finance Minister referred to the government setting fiscal deficit target of 3.3 per cent from an earlier 3.4 per cent and said there should be no anxiety. (Photo: ANI)

Govt committed to fiscal consolidation, boost investment in social...

She said that the amount of money spent on central government schemes was higher two years after the implementation of...

10 July 2019 4:45 PM IST

The government will meet the 3.5% fiscal deficit target for FY18 as broadly direct and indirect collections are in line with expectations and there have been some savings on expenditure, Hasmukh Adhia said.

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.

8 July 2019 12:21 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

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.

7 July 2019 6:00 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

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...

6 July 2019 12:24 PM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

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.

5 July 2019 2:12 PM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

Economic Survey 2018-19 highlights

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

4 July 2019 1:30 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

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.

4 July 2019 11:47 AM IST

PM Modi also discussed the Budget proposals during the meeting. (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...

4 July 2019 9:31 AM IST

In his first decision after being sworn-in to head the government for a second term, Prime Minister Narendra Modi, who had made national security an important plank in the elections, on Friday approved a major change in the Prime Ministers Scholarship Scheme under the National Defence Fund. (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...

3 July 2019 1:53 PM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Fiscal deficit crosses 77 pc of budgeted target in first 4 months of...

The government has set a fiscal deficit target of 3.4 per cnet for 2019-20, same as 2018-19.

30 Aug 2019 4:23 PM IST

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan. (Photo: AP)

As Imran completes a yr in power, Pak's fiscal deficit on 3-decade...

The deficit increased to 8.9 per cent of Pakistan's gross domestic product in the year that ended in June.

28 Aug 2019 10:50 AM IST