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NEWS
States' capex seen soaring 36 pc in FY23, fiscal deficit at Rs 8.4 lakh crore: Icra
Sat, Jul 16, 2022     Source : Economic Times
States have budgeted 36 per cent higher capital expenditure during this financial year, which may lead to a sharp rise in their fiscal deficit to Rs 8.4 lakh crore, a report said on Friday.
NEWS
Government committed to the fiscal deficit target of 6.4%, says official
Tue, Jul 05, 2022     Source : Business Line
‘No cap and deadline fixed for withdrawal of windfall gain tax’
NEWS
FinMin for cuts in non-capex spends to curb fiscal deficit
Tue, Jun 21, 2022     Source : Mint
As the country is staring at risks of widening of fiscal deficit, the finance ministry has said that rationalizing non-capex expenditure has become critical for avoiding fiscal slippages.
NEWS
Tax revenue boost or expenditure cuts can help meet fiscal deficit target
Mon, May 23, 2022     Source : Business Standard
The impact of Saturday's excise duty cuts will be Rs 1 trillion for a year, Finance Minister Nirmala Sitharaman had said
NEWS
Finance Ministry asks ministries to surrender savings by Mar 21
Sat, Mar 05, 2022     Source : Economic Times
The finance ministry has asked departments and ministries to surrender savings, if any, for the current financial year 2021-22 by March 21.
NEWS
View: Budget 2022 attempts to strike a balance between fiscal prudence and economic growth
Thu, Feb 03, 2022     Source : Economic Times
Budget 2022-23 aims to prepare the Indian economy for the next leg of growth by laying down the foundation for the next 25 years.
NEWS
Centre looks to trim subsidy bill next fiscal
Mon, Jan 17, 2022     Source : Economic Times
The government is looking to trim its overall subsidy bill in 2022-23, and is likely to peg food and fertiliser subsidies at about Rs 2.60 lakh crore and Rs 90,000 crore, respectively, in the upcoming budg...
NEWS
Govt’s fiscal deficit narrows to 46.2% of full-year target
Sat, Jan 01, 2022     Source : Mint
The central government’s fiscal deficit in the eight months to 30 November narrowed to 46.2% of the full-year target, boosted by a rise in tax collections.
NEWS
Robust tax mop-up, under-spending by ministries set to help govt bring fiscal deficit down to 6.6%
Fri, Dec 31, 2021     Source : Economic Times
Despite an additional expenditure of Rs 3.73 lakh crore announced earlier this month, the government is set to undershoot the fiscal deficit target by 20 bps at 6.6 per cent on the back of overall robust r...
NEWS
Economists urge gradual consolidation, see fiscal deficit near 6% in FY23
Thu, Nov 18, 2021     Source : Business Standard
They believe focus on reviving informal sector activity, particularly construction, is key to reviving GDP and jobs
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