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.

Reform implementation to determine rating upgrade: Moody's

Last Updated: Thursday, April 30, 2015, 13:28

Moody's, which has given the lowest investment grade rating to India, named regulatory complexity and weak social and physical infrastructure as challenges before the country.

Govt to pursue subsidy reforms to contain deficit: Sinha

Last Updated: Tuesday, April 28, 2015, 16:07

Reiterating commitment to stick to the fiscal consolidation road map, the government on Tuesday said it will continue with subsidy reforms and bring down the fiscal deficit to 3.5 percent of the GDP by March 2017.

India Ratings pegs current fiscal growth at 7.7%

Last Updated: Monday, April 27, 2015, 19:14

Pegging a slightly lower than the official growth forecast at 7.9 percent, leading domestic rating agency India Ratings today projected a 7.7 percent growth this fiscal driven by consumption demand.

3% deficit a challenge; to focus on infrastructure, irrigation: Jaitley

Last Updated: Friday, April 24, 2015, 13:02

Jaitley said that public investment has to go in to infrastructure as private sector was usually reluctant to put in funds there.

New govt dealt with fiscal issues in less than a year: Jaitley

Last Updated: Friday, April 17, 2015, 06:06

The new Indian government has been able to address the country's most pressing economic problems and reduce the costs of doing business in less than a year after coming to power, Finance Minister Arun Jaitley has said.

Questions on GDP keep coming for India's statisticians

Last Updated: Friday, April 17, 2015, 05:53

Last week, the Reserve Bank of India (RBI) pointed out several gaps in the new figures, which it said clouded an accurate assessment of the economy and could lead to poor policy.

Moody's outlook upgrade significant; need to do more: FM Jaitley

Last Updated: Thursday, April 9, 2015, 13:34

The Moody's upgrade of India's rating outlook to 'positive' from 'stable' is significant, but the government will have to do more, Finance Minister Arun Jaitley said on Thursday.