Page 2 - Fiscal Deficit Target

Waning demand for LIC IPO highlights fiscal challenges for PM Modi

Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine

Meeting FY22 fiscal deficit target hinges on disinvestment proceeds

Savings in some departments may come to govt's aid

How inflation could rescue the govt's fiscal deficit act in FY22

Despite the spike, it may not push up govt's borrowing cost much due to various factors such as sale of BPCL and LIC, and lower expenditure levels this fiscal

Centre's fiscal deficit for FY21 settles at 9.2% of GDP vs target of 9.5%

This was on the back of better-than-expected revenue receipts with expenditure staying broadly at the level targeted in the revised estimates of the Budget

Beyond Headlines: Should there be a range for fiscal deficit target?

The govt expenditure this year (till October-end) was at roughly the same level as that seen in the same period last year

Fiscal deficit may widen to 3.8% for current financial year: Report

A correction in consumption demand is cited as a major reason for a dip in economic growth to a decadal low of 5 per cent

India should maintain fiscal deficit; needs revenue mobilisation: Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, she added.

Govt has no plans to revise fiscal deficit target, says MoS Finance Thakur

Thakur also listed out the steps taken by the government to boost economic activities.

Slowdown, falling tax mop-up may force govt to slash spending again: CRISIL

With little headroom for fiscal expansion given the falling tax collections, the government will have to cut its expenditure, says an economist. The fiscal deficit target of 3.4 per cent of GDP is likely to slip, DK Joshi, the chief economist at the rating agency crisil said here on Friday. "Fiscal policy doesn't have much space. Government is avoiding any fiscal stimulus to the economy and revenues are falling short. They will have to cut expenditure again just as they did last year unless they are able to realise a lot of money by privatisation or divestment or asset sales," Joshi said at an S&P Dow Jones Indices event. He said the GDP growth, which slipped to 5 per cent in the first quarter, is expected to be worst in the second quarter- sub 5 per cent. "We hope that it is going to be bottom out soon and we will see a very mild recovery," he said. Joshi said with the stronger mandate, the Narendra Modi-led government has the ability to take stronger measures to ..

Govt committed to following fiscal deficit glide path, says DEA secretary

Concerns have been raised by different agencies about the ability of the government to meet the fiscal deficit target

Low tax revenue, high spend push H1 fiscal deficit to 93% of FY20 target

Though the figure seemed alarming, it was bit lower than 95.3 per cent in the corresponding period of 2018-19

Meeting a target

The government's fiscal consolidation efforts may result in a squeeze on its capital expenditure

Heavens will not fall if there's minor fiscal slippage: Ficci president

Sandip Somany also said that the Modi government would be remembered because of the IBC

Here's how govt can still meet fiscal deficit target despite GST shortfall

Analysts expect a shortfall of Rs 500 billion in Central GST (CGST) in FY19

At Rs 5.91 trn, India's April-Aug fiscal deficit at 94.7% of annual target

The data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding five months of the previous fiscal was 96.1%

Government banks on non-tax revenue bump to meet fiscal target

The government will have to have a fiscal surplus of Rs 1.2 trillion in March to contain fiscal deficit at Rs 5.9 trillion

Govt may opt for wider fiscal deficit target of 3.2% in Budget 2018: DBS

A higher fiscal deficit target for the next fiscal will result in a higher borrowing by the government