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  • India in a relatively stronger position than many other countries: Finance secretary May 12, 2022 07:28 PM IST

    India in a relatively stronger position than many other countries: Finance secretary

    Saying that the fiscal situation was less challenging last year, T V Somanathan stressed that the government will work on maintaining growth and fiscal stability, while the primary responsibility of controlling inflation lies with the Reserve Bank of India.

  • FinMin frets over extra expenditure as budget preparations begin Oct 19, 2021 06:04 PM IST

    FinMin frets over extra expenditure as budget preparations begin

    While the finance ministry is happy with strong tax collections on the back of a sustained economic recovery, the worry is that Covid-19 relief measures of the past six and a half months could take the fiscal deficit to 7.7 percent of GDP compared with a target of 6.8 percent.

  • Centre hikes fertilizer subsidy for FY22 by Rs 14,775 crore May 19, 2021 08:25 PM IST

    Centre hikes fertilizer subsidy for FY22 by Rs 14,775 crore

    The government said that a decision was taken to increase the subsidy for diammonium phosphate (DAP) fertilizer from Rs 500 to Rs 1200 per bag, an increase of 140 per cent.

  • Farm sector performed 'extraordinarily well' during lockdown; Rs 65,000-crore fertiliser subsidy to support farmers: FM Nov 12, 2020 05:08 PM IST

    Farm sector performed 'extraordinarily well' during lockdown; Rs 65,000-crore fertiliser subsidy to support farmers: FM

    The budgeted fertiliser subsidy for FY 2020-21 was Rs 71,000 crore. The additional amount takes total outlay to Rs 1.36 lakh crore for this year.

  • OROP may not have sizeable fiscal impact Sep 07, 2015 03:06 PM IST

    OROP may not have sizeable fiscal impact

    There is a cushion of around Rs 20,000 crore in FY16 Budget, which is expected to help the government tide over the additional expense on account of the Rs 12,000 recap package announced for PSU banks and the additional expense that will come in now OROP

  • Tax fertilizer, jewellery, fuel for revenue: Amartya Sen Jul 30, 2012 08:35 PM IST

    Tax fertilizer, jewellery, fuel for revenue: Amartya Sen

    Nobel laureate and Bharat Ratna, professor Amartya Sen is a votary of the Food Security Act. However, when asked whether he is proposing fiscal deficit to find the money for food security, the answer was "no".

  • Urea policy on hold after Budget boost mandating changes Mar 28, 2012 08:02 PM IST

    Urea policy on hold after Budget boost mandating changes

    CNBC-TV18's Ronojoy Banerjee learns that owing to proposals to remove customs duty on urea equipments and reduction of interest rate paid by manufacturers to government on foreign loans to 5%, the fertilizer department may have overestimated the cost assumptions in the urea policy.

  • RBI will hike rates this time, says Shankar Acharya Sep 14, 2011 11:43 AM IST

    RBI will hike rates this time, says Shankar Acharya

    While most analysts expect a rate hike pause by the RBI, here is one person who thinks otherwise. Speaking to CNBC-TV18 in an exclusive interview, Dr. Shankar Acharya of ICRIER says that the RBI is left with no choice but to hike rate, given the loose fiscal policy we have.

  • Analysed 2 models, had qualms on execution: Fertilizer Secy Mar 07, 2011 01:09 PM IST

    Analysed 2 models, had qualms on execution: Fertilizer Secy

    Fertilizer secretary Sutanu Behuria said the CoS had not submitted their report yet and expected the same to come within the next two months. "We have looked at two models but we had some reservations on its implementation. Thus, we are trying to do a few changes and see what we come up with."

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