Budget shows commitment to keep fiscal deficit low: S&P

Last Updated: Monday, March 2, 2015, 10:47

India`s budget for 2015-16 highlighted the government`s commitment to keeping the fiscal deficit low, ratings agency Standard and Poor`s said, adding that the country`s debt burden and subsidy bill could constrain its ratings.

Bonds fall on govt's 2015-16 fiscal deficit target

Last Updated: Monday, March 2, 2015, 10:24

The budget announced a fiscal deficit target of 3.9 percent of gross domestic product for the fiscal year starting in April, higher than an expected 3.6 percent.

Test for reform zeal of Modi in make-or-break budget

Last Updated: Saturday, February 28, 2015, 03:03

Prime Minister Narendra Modi`s stomach for free-market economics faces a major test on Saturday, in a budget India`s top economic advisor has warned could wreck the leader`s promises of "good days" if there`s no roadmap to reform.

SBI arm for higher fiscal deficit target to boost investment

Last Updated: Tuesday, February 24, 2015, 23:51

Analysts and economists at the nation's largest lender SBI today joined the call for stretching the fiscal deficit target by a few notches so that the government can boost capex without impacting the fiscal consolidation process.

Finance Commission for 3.6% fiscal deficit in FY16; 3% in following years

Last Updated: Tuesday, February 24, 2015, 20:15

The 14th Finance Commission on Tuesday suggested a fiscal deficit target of 3.6 percent of GDP in 2015-16 and 3 percent in the subsequent years on the back of likely pick-up in economic growth.

Budget 2015: Govt likely to meet 4.1% fiscal deficit target, say analysts

Last Updated: Monday, February 23, 2015, 22:53

As the BJP-led ruling coalition at the Centre gets ready to present its first full-fledged Budget, analysts said the government is most likely to meet its ambitious 4.1 percent fiscal deficit target, helped by lower oil prices.

Fiscal deficit, low income constrain India's rating: S&P

Last Updated: Monday, February 23, 2015, 15:16

Days ahead of the Union Budget, global rating agency Standard & Poor's today warned that India's weak fiscal and debt indicators, coupled with the low income levels, "constrain" the sovereign rating.

Cabinet Secy asks bureaucrats to 'strictly' follow austerity code

Last Updated: Thursday, February 19, 2015, 15:57

Seeking to contain expenditure, the Cabinet Secretary has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding conferences and meetings in five-star hotels.

Spain recovery drives up trade deficit 53%

Last Updated: Wednesday, February 18, 2015, 17:14

The shortfall of exports to imports in the eurozone`s fourth biggest economy grew by 53.4 percent to 24.47 billion euros ($28 billion), figures from the ministry showed.

'GDP forecast not in sync with tax collection, credit growth'

Last Updated: Tuesday, February 10, 2015, 18:09

Raising questions about the new methodology pushing up the GDP forecast to 7.4 percent for the current fiscal, economists have said it is not in sync with key parameters such as tax collections and credit growth.

Govt making efforts to stick to fiscal deficit target: Jaitley

Last Updated: Monday, February 9, 2015, 22:25

He said the overall economic situation in the country is looking better and basic parameters of Indian economy are moving in the right direction.

Arun Jaitley hints at more spending cuts

Last Updated: Friday, February 6, 2015, 13:24

Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money.