Fiscal Deficit | The Asian Age

Friday, Apr 19, 2024 | Last Update : 02:33 PM IST

fiscal deficit Page-3

The board will take a view based on the central bank's first six months of audited earnings and finalise interim dividend transfer.

RBI board meeting deferred to February 18

The RBI board is going to take up request of the govt for payment of interim dividend for the current financial year.

06 Feb 2019 4:03 PM

Moody's said the Budget proposals are positive for the real estate sector but negative for state-owned oil and gas companies. (Photo: AFP)

Fiscal slippage for two consecutive years credit negative: Moody's

Government announced slippage from its original fiscal deficit targets to 3.4 per cent of GDP both for the fiscal years

05 Feb 2019 12:14 PM

Two-thirds of 65 economists expected the RBI to hold the repo rate at 6.50 per cent. (Photo: FIle)

RBI likely to change stance, close on rate cut

A 25 basis point rate cut by mid-2019 is to be expected.

05 Feb 2019 10:53 AM

Moody's Investors Service Managing Director, Sovereign Risk Group, Gene Fang said the fiscal deficit could be brought down only if the Centre sticks to the fiscal consolidation path. (photo: file)

Difficult for govt to maintain 3.4 pc fiscal deficit in FY'20: Moody's

The govt has pegged the fiscal deficit for the next financial year at 3.4 per cent of GDP, as against the original target of 3.1 per cent.

03 Feb 2019 6:04 PM

As per the interim Budget tabled in Parliament on Friday, the government has projected a fiscal deficit target of 3.4 for the next financial year 2019-20. (Photo: File)

Fiscal deficit to be 3.3 percent for FY 2018-19: DEA Secretary

Economic Affairs Secretary Subhash Chandra Garg stated that FY2018-19 will end with a fiscal deficit of 3.3 per cent of GDP.

02 Feb 2019 6:03 PM

For the next fiscal, fiscal deficit has been pegged at 3.4 pc of GDP, up from 3.1 pc as per the fiscal consolidation roadmap outlined earlier.

India's sovereign rating profile to be evaluated based on post-election Budget: Fitch

The government's projections suggest a stabilisation of the central government deficit at 3.4 per cent of GDP next year.

02 Feb 2019 1:29 PM

Finance Minister Piyush Goyal on Friday proposed an array of incentives for both middle-class and farmers. (Representational Image)

Interim Budget focused on rural and agriculture sector: DBS bank

Govt revised up the FY19 fiscal deficit at -3.4 per cent of the GDP vs -3.3 per cent in the budgeted estimate.

02 Feb 2019 12:17 PM

Piyush Goyal also praised PM Modi's way of doing his work continuously, and to take development to every single person across the field. (Photo: PTI)

Budget 2019: Goyal lambasts opposition, highlights NDA's achievements in last 5 yrs

Government successfully reduced inflation rate to 4.5 per cent from 10 per cent.

01 Feb 2019 6:27 PM

Increase in disposable income in the hands of both middle class and rural India is definitely going to spur demand.

Farmers, middle class-friendly Budget to boost economic growth: India Inc

Farmers and workers in unorganised sector leading to more disposable income in their hands, India Inc.

01 Feb 2019 4:39 PM

98 per cent rural sanitation coverage achieved, Interim Finance Minister Piyush Goyal said. (Photo File: Ani Twitter)

Union Budget: Here's what's good and bad

Goyal presented Budget in a last ditch bid to woo the electorate with several popular measures.

01 Feb 2019 12:39 PM

The inflation came down to as low as 2.19 per cent in December 2018.

Govt broke the back of high inflation: Piyush Goyal

Goyal said during the previous UPA government (2009-14), inflation averaged as high as 10.1 per cent.

01 Feb 2019 12:12 PM

The Interim Budget, also known as a vote on account, will seek the Parliament’s nod for meeting the expenditure for the first six months of new fiscal—2019-20. (Photo: ANI)

Union Cabinet approves interim Budget 2019-20

A full-fledged Budget will be presented in Parliament once the new Central government is formed after the General Elections.

01 Feb 2019 11:20 AM

Piyush Goyal, the interim finance minister, will present the 2019-20 budget to parliament, in the absence of Finance Minister Arun Jaitley, who is currently in the United States for medical treatment. (Photo: PTI | File)

Interim Budget 2019: Highlights

Govt is set to step up rural welfare spending by 16 per cent for the fiscal year beginning April to 1.3 trillion rupees.

01 Feb 2019 9:33 AM

The government will unveil its budget for the 2019-20 fiscal year on Friday. (Representational Image)

Here's what to expect from 2019-2020 interim budget

The government is expected to project economic growth of around 7.5 per cent for the next financial year.

31 Jan 2019 2:16 PM

The BJP has reportedly lost votes in some recent state elections due to rural distress and public concerns over job creation.

Fitch warns of fiscal slippage if govt goes for populist interim budget

Government still aims to adhere to a debt ceiling of 60 per cent of GDP by March 2025.

31 Jan 2019 12:51 PM

Deferring fertilisers subsidy payment may allow finance minister Piyush Goyal some elbowroom for offering a farm package for the stressed agriculture sector.

Govt may hold back Q4 fertiliser subsidy to meet fiscal deficit goal

The subsidy payment through special banking arrangement attracts interest liability for the government.

31 Jan 2019 10:10 AM

In FY18, the government had completed the scheduled borrowing of Rs 1.02 lakh crore through Small Savings Scheme). (Representational image)

Centre likely to stick to FY20 fiscal target

“We expect a cut in capital expenditure by Rs 50,000 crore and postponing Rs 30,000 crore of revenue expenditure to the next year,” it said.

31 Jan 2019 7:27 AM

As a last resort, government will go ahead to monetise its holdings in SUUTI that’s valued at Rs 55,000 crore. (Representational Image)

North Block finds ways to meet deficit target

As per 2018-19 budget projections, the Centre is likely to finance Rs 75,000 crore of fiscal deficit from small savings.

30 Jan 2019 10:30 AM

Prime Minister Narendra Modi. (Photo: AP)

PM Modi to appease voters, put reforms aside in pre-election budget

Govt embarks on measures to stimulate the economy by additional spending and cutting taxes to woo voters.

29 Jan 2019 9:28 AM

India’s 2018-19 fiscal deficit is forecast to be 3.5 per cent of gross domestic product compared to a previous goal of 3.3 per cent.

RBI making u-turn, seen shifting to neutral in Feb, cutting rates by mid-year: report

The RBI’s mandate is to control price pressures, which historically have been difficult to tame in India.

24 Jan 2019 10:49 AM

3 of 8

Columns

Mohan Guruswamy