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Fiscal Deficit Budget 2010

FY18 fiscal deficit target may be set at 3-3.5% than 3%: BofA 

May 20, 2016 at 14:52 | Source:PTI

Government's fiscal deficit targetfor next fiscal could be changed to a 'range' and set at 3-3.5per cent of the GDP, rather than 3 per cent, says a Bank ofAmerica Merrill Lynch (BofA-ML) report.

States to borrow more, miss fiscal targets by 50 bps: Nomura 

Apr 18, 2016 at 08:00 | Source:PTI

According to the study by Japanese brokerage Nomura, which was based on the 2016-17 Budgets of 16 states, this comes on top the sharp 22 percent rise in borrowings in the previous fiscal despite an increase in central transfers.

FinMin to approach Cabinet for panel to fix deficit range 

Apr 12, 2016 at 08:08 | Source:PTI

"The first step was that in any fiscal management, we have to keep state governments on board... The DEA will be moving a note. We will also be giving our inputs. We will see how the committee if formed... It will eventually go to Cabinet," Finance Secretary Ratan Watal told reporters here.

Central funds transfer to states declined 0.3% in FY16: RBI 

Apr 08, 2016 at 08:50 | Source:PTI

Referring to the Goods and Services Tax (GST), the report said that despite several reform measures, goods and services continue to be bogged down with several indirect taxes at different stages of the value chain with significant tax cascading.

Power reforms likely to pressure states' budgets: RBI 

Apr 07, 2016 at 18:37 | Source:Reuters

India's power reforms are likely to put pressure on state governments' budgets, potentially forcing them to cut spending needed to support economic growth, the Reserve Bank of India (RBI) said in a report on Thursday.

Andhra fails to achieve fiscal reform target in FY15, says CAG 

Mar 30, 2016 at 15:26 | Source:PTI

The overall revenue deficit during 2014-15 fiscal stood at Rs 24,194 crore including the period from April 1 to June 1, 2014 when the state remained united, the CAG said in an audit report on state finances for the year ended March 31, 2015.

State govts likely to run wider fiscal deficit in FY17: HSBC 

Mar 28, 2016 at 15:44 | Source:PTI

According to the global financial services firm, despite higher transfers from the centre, an analysis of 18 state Budget documents suggests that the state governments on aggregate clocked slightly wider deficits than budgeted at the start of the year.

Odisha to amend FRBM Act to create fiscal space 

Mar 14, 2016 at 21:48 | Source:PTI

The amendment is being made as per the flexibility provided by the 14th Finance Commission in its Fiscal Consolidation Roadmap to set the fiscal deficit targets and annual borrowing, Chief Secretary A P Padhi said.

Telangana presents tax-free Budget 

Mar 14, 2016 at 16:30 | Source:PTI

Telangana government today presented a tax-free budget for 2016-17, proposing a total expenditure of Rs 1,30,415.87 crore.

Falling food prices seen easing retail inflation in February 

Mar 14, 2016 at 08:52 | Source:Reuters

Analysts say Raghuram Rajan, Governor of the Reserve Bank of India, could soften monetary stance after Finance Minister Arun Jaitley stuck to a fiscal deficit target of 3.5 percent of GDP for next fiscal year in his third Budget last month.

Rural push in Budget 2016 is just sound and fury: Chidambaram 

Mar 11, 2016 at 21:53 | Source:CNBC-TV18

Arun Jaitley may be getting pats on the back for sticking to stiff fiscal deficit targets, but former finance minister P Chidambaram is not impressed. It's not just the fiscal math that Chidambaram has a problem with, he says the big rural thrust sketched out in Budget 2016 is full of sound and fury, signifying nothing.

FinMin, RBI to meet on March 18 to decide FY17 borrowing 

Mar 11, 2016 at 14:46 | Source:PTI

In the Budget, the government has pegged gross market borrowing at Rs 6 lakh crore, up from Rs 5.8 lakh crore in the ongoing fiscal. Gross borrowing includes repayments of past loans and interests.

Budget tries to satisfy interest of Modi, Moody's: Tharoor 

Mar 11, 2016 at 07:38 | Source:PTI

The government has been meeting its fiscal deficit targets on the back of the aam aadmi instead of boosting the real incomes of the poor by cutting indirect taxes, Tharoor said.

Chidambaram pokes holes in Centre's fiscal deficit roadmap 

Mar 11, 2016 at 07:38 | Source:PTI

Terming it as unacceptable, he said "instead of the government borrowing, and showing it as part of the fiscal deficit, and giving it to Ministry of Railways and Road Transport as budgetary grant, you (Centre) are asking them to borrow."

Govt to set up panel to review fiscal deficit target soon 

Mar 10, 2016 at 09:00 | Source:PTI

In his Budget speech last month, Finance Minister Arun Jaitley had said there is now a school of thought which believes that instead of fixed numbers as fiscal deficit targets, it may be better to have a fiscal deficit range as the target, which would give necessary policy space to the government to deal with ever-changing dynamics.

Rupee at 2-1/2 mth high of 67.08, up 26 paise 

Mar 04, 2016 at 21:36 | Source:PTI

Significant liberalisation of foreign direct investment (FDI) norms in a host of sectors including insurance, pension, ARCs and stock exchanges in the Union Budget to attract more foreign investment and the government's commitment to its fiscal deficit target also largely weighed on the trade.

Tata AIA Life CIO Harshad Patil's take on Union Budget 

Mar 03, 2016 at 13:57 | Source:IBNLive.com

The Budget attempts to kickstart the investment cycle through robust public capex spend even as it places equal emphasis on crucial areas such as agriculture & farmer welfare, rural development, healthcare and skill development in an effort to address rural distress after two successive subpar monsoons.

RBI may need to keep tight monetary policy longer, says IMF 

Mar 03, 2016 at 08:34 | Source:PTI

With Finance Minister Arun Jaitley sticking to the fiscal deficit target of 3.5 percent in the Budget for 2016-17, there are rising expectations that the central bank might ease interest rates during its policy meet next month.

FinMin, RBI to fix govt borrowing calendar during Mar 15-20 

Mar 02, 2016 at 13:03 | Source:Reuters

The government announced gross market borrowing of 6 trillion rupees (USD 88.65 billion) in its annual Budget for 2016/17, in line with market expectation, while sticking to the overall fiscal deficit target of 3.5 percentage of the gross domestic product.

Arun Jaitley to address boards of RBI, Sebi on March 12 

Mar 02, 2016 at 08:20 | Source:PTI

The address of the finance minister comes in the backdrop of the government's announcement of meeting current year's fiscal deficit target and sticking to the target of 3.5 percent.

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