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  • Fiscal Deficit declines to 4.03 percent, higher than FRBM Act target

    The Revenue Deficit of the State Government was Rs 25,870 crore during the year 2021-22.

  • States resume fiscal consolidation, set to control deficits, paper says

    States resume fiscal consolidation, set to control deficits, paper says

    States have also taken into account fiscal implications of the end of GST compensation regime in the budget estimates of 2022-23, according to the NIPFP paper.

  • Finance Ministry releases Rs 9,871 crore to 17 states as revenue deficit grant

    Finance Ministry releases Rs 9,871 crore to 17 states as revenue deficit grant

    The grants are released as per the recommendations of the 15th Finance Commission in monthly instalments to meet the gap in revenue accounts of the states post-devolution. The commission has recommended this grant to the 17 states during 2021-22.

  • Rs 44,090 crore released to 8 north-eastern states: FinMin

    Rs 44,090 crore released to 8 north-eastern states: FinMin

    "So far an amount of Rs 32,657 crore as devolution of taxes, and Rs 11,433 crore as 14th Finance Commission grants have been released to eight north-eastern states," Finance Ministry said in a statement.

  • Will stick to fiscal consolidation roadmap in Budget: FinMin

    Will stick to fiscal consolidation roadmap in Budget: FinMin

    As a result of sound prudent policies formulated during 2015-16, the fiscal deficit at the end of November is Rs 4.83 lakh crore or 87 percent of the Budget Estimate for this fiscal.

  • Apr-Oct fiscal deficit Rs 4.11 lk cr; 74% of FY16 estimate

    Apr-Oct fiscal deficit Rs 4.11 lk cr; 74% of FY16 estimate

    Total spending during this period stood at at Rs 10.22 lakh crore, 57.5 percent of FY16 estimate, and net tax receipts for the period stood at Rs 4.29 lakh crore. Non-plan spend was Rs 7.51 lakh crore, 57.2 percent of FY16 estimate, and Plan spend was Rs 2.71 lakh crore, 58.2 percent of FY16 estimate

  • 'Make in India' will make tomorrow's India: Suresh Prabhu

    'Make in India' will make tomorrow's India: Suresh Prabhu

    Speaking at a Network18 Event - Modi Sarkar - Year One Dialogues, Railway Minister Suresh Prabhu says in the one-year since the Modi government took charge,"we have been working towards removing growth roadblocks."

  • Govt contains fiscal deficit at 4%; beats its own target

    Govt contains fiscal deficit at 4%; beats its own target

    Bettering its own financial targets, the government has contained the fiscal deficit at 4 percent of GDP for 2014-15 at Rs 5,01,880 crore.

  • CAG expresses concern over increase in HP's fiscal deficit

    CAG expresses concern over increase in HP's fiscal deficit

    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.

  • What is a revenue deficit?

    What is a revenue deficit?

    A revenue deficit happens when the net amount received (that is revenues less expenditures)

  • Fiscal deficit not a worry, focus on revenue deficit: Mowat

    Fiscal deficit not a worry, focus on revenue deficit: Mowat

    Mowat said things are improving on the macro front, but in absolute terms, the pace is still not satisfying.

  • Why you shudn't be fooled by Chidu's Budget trick

    Why you shudn't be fooled by Chidu's Budget trick

    The reason why Chidambaram is making a song-and-dance about the fiscal deficit and his red line is simple: it is intended to take our attention away from the revenue deficit, which is the real number to monitor.

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