The central bank will take cues from the Centre’s stance and likely deliver a rate cut next week
Demand-supply situation will remain favourable for Indian bonds and the fiscal math for FY26 is likely to help sustain the rally
Budget 2023-24 is likely to be juggling act to meet the twin needs of capex and fiscal consolidation
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High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel.
The base issue size was fixed at Rs 3,500 crore. Since it received an overwhelming response, the government has decided to retain Rs 10,000 crore as divestment proceeds.
In a widely anticipated move, the Finance Minister Arun Jaitley pegged the fiscal deficit target at 3.2 percent of GDP for 2017-18.
"We have done our all our calculations, and spent only where it was necessary – social welfare programmes like MNREGA and crop insurance schemes; we are confident of maintaining the fiscal deficit target with these additionalities in expenditure," says Finance Secretary, Ashok Lavasa.
Government's decision to clear 7th Pay Commission recommendations will give a boost to the economy, but it may impact fiscal deficit target for fiscal 2017-18, says an SBI research report
Government said it has achieved the fiscal deficit target of 3.9 percent of GDP in 2015-16 and India continues to remain a bright spot in the world economy with solid macroeconomic parameters
Government's fiscal deficit target for next fiscal could be changed to a 'range' and set at 3-3.5 per cent of the GDP, rather than 3 per cent, says a Bank of America Merrill Lynch (BofA-ML) report.
The government is likely to keep a range of 3.8 to 3.9 percent on the fiscal deficit target for FY16.
Government has exceeded fiscal deficit target for the current financial year at the end of February but the final numbers for 2015-16 will be known once the March data is released.
The Ujjwal Discom Assurance Yojna (UDAY) scheme, to bail out the various state power distribution companies, may put an additional burden on the fiscal target.
Finance Ministry Sources Says it‘s a bit early to say if fiscal roadmap will be relaxed in the coming Budget.
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.
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.
There were no nasty surprises in the form of populist measures from the Interim Budget, but the government seems to be trying to reach out the corporate sector and the middle class as evident from some of the indirect tax incentives.
The government has now met 73 percent of its Rs 30,000 crore disinvestment target for this fiscal. What are the government targets for FY14 and what could be the likely disinvestment targets.
There is possibility of a "small slippage" in the 4.6% fiscal deficit target for the current fiscal,Chief Economic Adviser Kaushik Basu today said. "4.6% (fiscal deficit) is the target.
Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the government is likely to miss the fiscal deficit target of 4.6% by a percentage point.
Foreign Institutional Investors (FIIs) can now invest USD 5 billion more in the government securities. This move is expected to increase the participation of FIIs in the government securities. The finance ministry has increased the FII investment limit to USD 15 billion, reports CNBC-TV18’s Aakanksha Sethi.
Ashok Jha, former finance secretary and Ajay Shah, senior fellow at NIPFP, in an interview to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, shared their views on the government borrowing programme.
Defying the government's confidence to maintain that fiscal deficit target, Rajiv Anand of Axis AMC says, "A 4.6% fiscal deficit is going to be difficult. We are going to see fair amount of slippage as far as growth is concerned."
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.