Fiscal Deficit Budget 2010

Pay hike: Experts warn on deficit; govt confident of target 

Nov 20, 2015 at 20:31 | Source:PTI

Minister of State for Finance Jayant Sinha said he was confident that the government will stick to fiscal consolidation laid out in the Budget.

Pay Commission recos not to impact govt finances: Sinha 

Nov 20, 2015 at 20:07 | Source:PTI

The 7th Pay Commission yesterday recommended increase in remuneration of about one crore government employees and pensioners which is estimated to impose an additional burden of Rs 1.02 lakh crore in 2016-17.

Pay hike won't breach fiscal deficit targets: FinMin 

Nov 20, 2015 at 17:43 | Source:PTI

The recommendations that will benefit 47 lakh central government employees and 52 lakh pensioners, will lead to an additional outgo of Rs 73,650 crore from the Union Budget and Rs 28,450 crore from Railway Budget.

Meeting FY17 fiscal deficit target of 3.5% a challenge:Citi 

Nov 20, 2015 at 15:58 | Source:PTI

Considering the rise in wage expenditure by 0.5 percent of GDP next fiscal and a likely reduction in corporate tax rate, the central government's target to reduce fiscal deficit from 3.9 percent of GDP this fiscal year to 3.5 percent in 2016-17 becomes even more challenging.

Excl: Govt may more than halve FY16 divestment target 

Oct 26, 2015 at 20:37 |

Sources say the government may peg the new target at Rs 30,000 crore, far lower than the aggressive Rs 69,500 crore it had laid out during the Union Budget.

OROP, Pay Commission will not impact fiscal deficit: Sinha 

Oct 19, 2015 at 15:23 | Source:PTI

NITI Aayog Vice-Chairman Arvind Panagariya, Chief Economic Adviser Arvind Subramanian and Reserve Bank Deputy Governor Urjit Patel were present. Besides, the meeting was attended by Finance Secretary Ratan P Watal, Economic Affairs Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia and Financial Services Secretary Anjuly Chib Duggal.

Greece, lenders agree primary budget target: Report 

Aug 11, 2015 at 08:34 | Source:CNBC

The Greek official told Reuters that the budget agreement targeted a primary deficit of 0.25 percent of gross domestic product in 2015, improving to a 0.5 percent surplus in 2016, a 1.75 percent surplus in 2017 and a 3.15 percent surplus in 2018.

Room for RBI rate cut; will meet FY16 growth target: CEA 

May 26, 2015 at 16:35 | Source:CNBC-TV18

While brokerages such as Ambit and Macquarie have reduced their gross domestic product (GDP) estimates, chief economic advisor Arvind Subramanian says it is too early to start revising GDP growth numbers downwards.

FY16 fiscal situation comfortable: Govt sources 

May 22, 2015 at 12:01 | Source:CNBC-TV18

Furthermore, there are now hopes that the government will lower corporate income tax by 1 percent in the next Union Budget.

World Bank pegs India's GDP growth at 7.5% in 2015-16 

Apr 28, 2015 at 16:40 | Source:PTI

The government in the Union Budget 2015-16 had projected the GDP growth to be at 8.5 percent this fiscal.

CAG expresses concern over increase in HP's fiscal deficit 

Apr 11, 2015 at 14:32 | Source:PTI

The revenue deficit, fiscal deficit and primary deficit which stood at Rs 576 crore, Rs 297 crore and Rs 609 crore, respectively, in 2012-13, increased to Rs 1,614 crore, Rs 4,011 crore and Rs 1,530 crore, respectively, in 2013-14, the CAG said in its report.

Govt meets 4.1% FY15 fiscal deficit target: Sources 

Mar 31, 2015 at 18:45 | Source:CNBC-TV18

As the fiscal year, 2014-15, draws to a close today, the government has managed to contain its fiscal deficit at 4.1 percent of gross domestic product that it had outlined in the Budget last year and reiterated this year.

Govt struggling its way to reach 4.1% FY15 deficit target 

Mar 30, 2015 at 20:31 | Source:CNBC-TV18

The central government has pulled out all stops in order to reach the 2014-15 fiscal deficit target of 4.1 percent it outlined in the Budget this year.

Will meet 4.1% FY15 fisc despite low telecom receipts: Govt 

Mar 23, 2015 at 15:08 | Source:CNBC-TV18

The government is on course to meet its fiscal year 2014-15 deficit target of 4.1 percent it outlined in the Union Budget in February, expenditure secretary R Wattal told CNBC-TV18.

Spectrum sale shortfall won't affect FY15 deficit target 

Mar 20, 2015 at 11:57 | Source:CNBC-TV18

The government had budgeted Rs 12000 crore from spectrum auction in revised FY15 estimate. However, the government is on course to meet its 4.1 percent FY15 fiscal deficit target.

India pitches for rating upgrade by Fitch 

Mar 12, 2015 at 17:49 | Source:PTI

In their meeting with Fitch representatives, senior Finance Ministry officials highlighted various initiatives announced in the Budget 2015-16 which are expected to boost investment and growth. The officials highlighted the government's commitment to stick to targets set for the fiscal as well as the current account deficits.

FM Jaitley to address RBI board on March 22 

Mar 09, 2015 at 10:54 | Source:PTI

"The meeting has been scheduled for March 22 where he would be addressing the board members and talk about announcements made in the Budget to perk up growth," a source said. It has been a custom that the Finance Minister addresses RBI board, consisting of RBI Governor and existing three deputy governors, after the Budget.

Budget 2015-16: Aimed at direly needed disinflationary growth, says Citi 

Mar 04, 2015 at 21:51 | Source:CNBC-TV18

Pankaj Vaish, MD & HD - Mkts (South Asia), Citi says one shouldn't get too hung on the ieda of what the fiscal deficit will stand at at the end of three years.

Bonds fall; Budget raises doubts about pace of rate cuts 

Mar 02, 2015 at 16:36 | Source:Reuters

Government bonds fell and swap rates surged on Monday on concerns the central bank would delay interest rate cuts after the Budget set a higher-than-expected fiscal deficit target.

Budget evokes mixed response from global rating agencies 

Mar 02, 2015 at 15:48 | Source:PTI

The Budget has received a mixed response from global rating agencies with the US-based S&P saying that the annual financial document seeks to keep the fiscal deficit in check despite subdued revenue growth.

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