FISCAL

India to breach fiscal deficit target in FY22: Fitch Solutions

India to breach fiscal deficit target in FY22: Fitch Solutions

The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in ...Read More

S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns

S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns

S&P Global Ratings on Thursday said the Indian economy is projected to grow at 11 per cent in the current fiscal, but flagged the "s...Read More

India needs to grow at 10.5-11% in next fiscal: Niti Aayog VC Rajiv Kumar

India needs to grow at 10.5-11% in next fiscal: Niti Aayog VC Rajiv Kumar

India needs to grow at 10.5-11 per cent in real terms in the next fiscal and sustain that to overcome massive ill-effects of the COVID-19...Read More

Need fiscal council like institution to better manage Centre, state debt: Finance Commission Chairman NK Singh

Need fiscal council like institution to better manage Centre, state debt: Finance Commission Chairman NK Singh

15th Finance Commission Chairman NK Singh on Monday called for setting up a Fiscal Council like institution to better manage the debt tra...Read More

Moody's expects India's fiscal position to remain weak

Moody's expects India's fiscal position to remain weak

According to Moody's, the prospects for fiscal consolidation remain weak particularly given the government's mixed track record of implem...Read More

States fiscal deficit seen spiking to historic high of 4.7%: Report

States fiscal deficit seen spiking to historic high of 4.7%: Report

Revenue of the states have so badly fallen that as much as 70 per cent of the fiscal deficit is contributed by revenue deficit, which nor...Read More

Government to exit its holding in VSNL this fiscal, sell 26.12% stake

Government to exit its holding in VSNL this fiscal, sell 26.12% stake

The government will sell its entire 26.12 per cent stake in Tata Communications Ltd (TCL), erstwhile VSNL, through offer for sale and str...Read More

Lenovo expects 25-30 pc growth this fiscal, to begin manufacturing tablets in India

Lenovo expects 25-30 pc growth this fiscal, to begin manufacturing tablets in India

However, the growth may decline in the next financial year, Lenovo India CEO and Managing Director Rahul Agarwal told PTI, adding that th...Read More

India to witness double-digit growth in next fiscal: Report

India to witness double-digit growth in next fiscal: Report

Having gone through a rough patch on account of the coronavirus pandemic, the Indian economy is expected to record a double-digit growth...Read More

Air India privatisation unlikely to conclude this fiscal

Air India privatisation unlikely to conclude this fiscal

Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last ...Read More

Fiscal impact of stimulus measures to be around 0.25-0.6% of GDP in FY21, say experts

Fiscal impact of stimulus measures to be around 0.25-0.6% of GDP in FY21, say experts

Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will suppo...Read More

Not fresh fiscal stimulus, more important is to spend committed amount: Former RBI Governor Jalan

Not fresh fiscal stimulus, more important is to spend committed amount: Former RBI Governor Jalan

Former Reserve Bank Governor Bimal Jalan on Sunday opined against a fresh fiscal stimulus to boost pandemic-hit economy saying it is more...Read More

COVID-19 to erode 3 years of fiscal consolidation gains of states: RBI

COVID-19 to erode 3 years of fiscal consolidation gains of states: RBI

The additional outgo to combat the impact of COVID-19 will significantly erode the fiscal consolidation achieved by the state governments...Read More

Automobile sales may fall 20-25 pc this fiscal: Ind-Ra

Automobile sales may fall 20-25 pc this fiscal: Ind-Ra

At the same time, the rating agency has maintained a negative outlook for the auto sector for the second half of the fiscal, owing to con...Read More

COVID-19 fallout: Fiscal deficit may rise to Rs 14.6 lakh crore in FY21

COVID-19 fallout: Fiscal deficit may rise to Rs 14.6 lakh crore in FY21

The gap between government's total income and expenditure is expected to balloon to Rs 14.6 lakh crore or 7.6 per cent of GDP in FY21 as ...Read More

New worry: Tax collection plunges 22.5% till Sept 15

New worry: Tax collection plunges 22.5% till Sept 15

Economists described the numbers as in line with their expectations, saying the sequential improvement from the first quarter when the to...Read More

Govt unlikely to go for privatisation of PSBs this fiscal

Govt unlikely to go for privatisation of PSBs this fiscal

At present, four public sector banks are under the RBI's Prompt Corrective Action (PCA) framework, which puts several restrictions on the...Read More

Indian economy to grow at 9.5% in next fiscal: Fitch Ratings

Indian economy to grow at 9.5% in next fiscal: Fitch Ratings

The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a...Read More

Fiscal deficit widens to 7-year high of 4.6 pc in FY20 as revenue collection falls

Fiscal deficit widens to 7-year high of 4.6 pc in FY20 as revenue collection falls

The rise in the fiscal deficit, which is a reflection of the government's borrowing, was mainly on account of subdued tax collection.

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

"The frugal fiscal crisis intervention will likely impede a rapid economic recovery and accordingly, tax revenues, and we are revising ou...Read More

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