Government to adhere to FY16 fiscal deficit target: StanChart

Last Updated: Tuesday, September 8, 2015, 13:51

Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.

OROP payout unlikely to scuttle fiscal deficit target: Nomura

Last Updated: Monday, September 7, 2015, 18:51

Financial services major Nomura Monday said though the implementation of 'One Rank, One Pension (OROP)' is going to put fiscal burden to the tune of around Rs 10,000 crore, the government is unlikely to miss the fiscal deficit target this year.

OROP no threat to fiscal arithmetic: Jayant Sinha

Last Updated: Monday, September 7, 2015, 18:06

Government Monday ruled out the possibility of additional financial burden of Rs 8,000-10,000 crore on account of OROP scheme hurting the fiscal consolidation programme, saying there was "space" to absorb it.

OROP to cost Rs 16,000 crore in FY16; to impact fiscal math: HSBC

Last Updated: Monday, September 7, 2015, 17:11

One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore in the current financial year, says an HSBC report.

April-July fiscal deficit at 69.3% of Budget estimates

Last Updated: Monday, August 31, 2015, 19:26

The fiscal deficit in the first four months of current financial year stood at Rs 3.85 lakh crore, or 69.3 of Budget estimates for 2015-16, as government stepped up its plan expenditure.

Govt can spend Rs 37,200-cr more and still meet deficit target

Last Updated: Wednesday, August 26, 2015, 22:49

The government can spend an additional Rs 37,200 crore more this fiscal year in infra investments or bank recapitalisation and still not miss the 3.9 percent fiscal deficit target, the domestic ratings agency India Ratings said in a report Wednesday.

Fiscal deficit, inflation under control; economy in revival mode: FM Jaitley

Last Updated: Monday, August 24, 2015, 16:48

Enthused by increase in indirect tax collections, Finance Minster Arun Jaitley Monday said that the economy is in a revival phase and expected that it will clock a growth rate in excess of 8 percent in 2015-16.

Fiscal deficit, inflation under control, eco in revival mode: FM Jaitley

Last Updated: Monday, August 24, 2015, 16:00

The Economic Survey presented by Jaitley in February had projected a growth rate of 8.1 to 8.5 per cent for the current financial year.

Indian Oil stake sale floor price set at Rs 387 a share

Last Updated: Saturday, August 22, 2015, 18:35

The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs 387 each, the company said, a two percent discount from Friday`s close.

April-June fiscal deficit at 51.6% of Budget estimates

Last Updated: Saturday, August 1, 2015, 00:32

The fiscal deficit in the first three months of current fiscal stood at Rs 2.86 lakh crore or 51.6 per cent of Budget estimates for 2015-16.

Keeping fiscal deficit at 3.9% challenging: Deutsche Bank

Last Updated: Monday, July 6, 2015, 23:59

Foreign brokerage Deutsche Bank Monday said there are a plenty of challenges in terms of maintaining the fiscal deficit at the targetted 3.9 percent of GDP for this fiscal.

Govt can borrow more to revive investment cycle: Report

Last Updated: Thursday, July 2, 2015, 20:06

The government can borrow more to revive investment cycle even at the cost of marginally slipping from the projected fiscal deficit, as that will lead to higher-than-expected growth in the medium-term, says a report.