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.

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.

Fiscal deficit is 4.1% this year, thanks to telcos

Last Updated: Tuesday, March 31, 2015, 23:32

The government is believed to have met the fiscal deficit target of 4.1 percent of GDP for 2014-15, helped by last minute payment of Rs 10,808 crore by telecom companies for spectrum and tax receipts in March

Airtel, Idea, Vodafone partly pay their upfront amount

Last Updated: Tuesday, March 31, 2015, 17:21

Successful spectrum bidders, including Bharti Airtel, Idea Cellular and Vodafone, have made over Rs 7,000 crore towards upfront payments -- a move that will help the government narrow its fiscal deficit target for the fiscal ending on Tuesday.

Spectrum auction proceeds to help plug fiscal deficit: Moody's

Last Updated: Thursday, March 26, 2015, 17:24

The fiscal deficit target for 2014-2015 is pegged at 4.1 percent of GDP and for the next fiscal at 3.9 percent.

Manufacturing sector still a challenge: FM Jaitley

Last Updated: Wednesday, March 25, 2015, 17:02

Finance Minister Arun Jaitley on Wednesday said manufacturing sector is still a challenge and we have to invent the engine of growth.

Govt to borrow Rs 3.6 lakh crore in first half of 2015-16

Last Updated: Monday, March 23, 2015, 19:31

The Union government will borrow Rs 3.6 lakh crore from markets in the first half of the next financial year, which is over 50 percent of the annual target of Rs 6 lakh crore.

Most investors optimistic on India at this point: FM Jaitley

Last Updated: Tuesday, March 17, 2015, 14:14

Replying to the debate on the Budget 2015-16, Jaitley further said most investors are optimistic on India at this point.

India's GDP growth will be 7.5% this year: Jaitley

Last Updated: Saturday, March 14, 2015, 14:06

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.

Jaitley to address RBI board on March 22

Last Updated: Sunday, March 8, 2015, 11:09

Finance Minister Arun Jaitley will address board members of the Reserve Bank here on March 22 to inform them about steps taken in the Budget for 2015-16 to boost economic growth and contain fiscal deficit.

Fiscal deficit at Rs 5.68 lakh cr, breaches budget estimates

Last Updated: Monday, March 2, 2015, 23:13

Fiscal deficit rose to Rs 5.68 lakh crore in April-January period, breaching the budget estimate by 107 percent which may call for harder measures by the government to meet the target of 4.1 percent of the GDP for full 2014-15 financial year.

April-Jan fiscal deficit overshoots full-year target: Govt

Last Updated: Monday, March 2, 2015, 18:32

India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March, government data showed on Monday.