April-May fiscal deficit at 37.5% of Budget estimates

Last Updated: Tuesday, June 30, 2015, 20:42

The fiscal deficit in the first two months of current fiscal stood at Rs 2.08 lakh crore or 37.5 percent of Budget estimates for 2015-16.

We inherited derailed passenger train: Jayant Sinha on economy

Last Updated: Saturday, June 13, 2015, 21:38

Jayant Sinha also expressed confidence that the Indian economy would continue to grow at 7-9 percent and double in size to USD 4-5 trillion in a decade.

Weak monsoon to be credit negative for India: Moody's

Last Updated: Monday, June 8, 2015, 17:33

A weak monsoon is likely to be credit negative for India as it is expected to push up food inflation as well as government deficits, global rating agency Moody's said Monday.

Govt contains fiscal deficit to 3.99% of GDP in FY15

Last Updated: Sunday, May 31, 2015, 11:21

According to national accounts data released by Central Statistics Office (CSO), the Gross Domestic Product at current prices is estimated at Rs 125.41 lakh crore in the last financial year ended March 31, 2015.

Fiscal deficit in April stands at Rs 1.27 lakh crore

Last Updated: Friday, May 29, 2015, 21:41

The fiscal deficit in the first month of 2015-16 was Rs 1.27 lakh crore or 23 percent of Budget Estimates for the whole financial year.

CEA pitches for rate cut by RBI, competitive rupee

Last Updated: Tuesday, May 26, 2015, 18:32

Citing low inflation and under control fiscal deficit, Chief Economic Advisor Arvind Subramanian on Tuesday pitched for a rate cut by the Reserve Bank at its monetary policy review meeting next week.

Higher tax collections to help improve fiscal deficit: Jaitley

Last Updated: Monday, May 25, 2015, 18:30

Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent.

Expectations from Modi govt taper off on legacy issues: Crisil

Last Updated: Tuesday, May 19, 2015, 15:45

Rating agency Crisil on Tuesday said expectations from Prime Minister Narendra Modi-led government have moderated in its first year, as it was not able to push demand due to the issues it inherited.

Government misses tax collection target by Rs 2,288 cr in FY15

Last Updated: Sunday, May 17, 2015, 18:17

Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 cr.

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

Last Updated: Sunday, May 17, 2015, 16:59

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.

Economy recovering, despondency on its way out: Arun Jaitley

Last Updated: Thursday, May 14, 2015, 23:01

Finance Minister Arun Jaitley Thursday said the economy was in a recovery mode with inflation and fiscal deficit under control and despondency giving way to a positive environment.

States' gross fiscal deficit improves by 0.20% to 2.3% of GDP

Last Updated: Tuesday, May 12, 2015, 23:58

The Reserve Bank Tuesday called for higher capital outlays, consistent fiscal consolidation and limiting the debt-GDP ratio to improve the finances of the states, whose combined gross fiscal deficit has improved by 20 bps to 2.3 percent of GDP in FY 2014-15.