Restoring the finance ministry's credibility requires more than ensuring that the fiscal deficit numbers are believable
A medium-term macro-fiscal exercise will make clear the analytical choices and trade-offs that the government faces
Net tax receipts in the first two months of the fiscal year were Rs 1.15 trillion, while total expenditure was Rs 5.13 trillion, government data showed
Finance Minister Arun Jaitley has said the fiscal deficit target of 3.3 per cent of gross domestic product (GDP) will be met without any cut in capital expenditure
Expenditure during the April-May period stood at Rs 5.12 trillion or 18.4 per cent of the Budget estimates
The interim Budget pegs collections from CGST for the full year at Rs 5.04 trillion
With GST revenues coming well below expectations, the Centre failed to meet its budgeted fiscal deficit target yet again
Farm sector spend took a hit, as PM-KISAN beneficiaries remained largely unidentified
The government managed to recover more by way of loan repayments and increase its disinvestment receipts over and above what was mentioned in the revised estimates
The revenue deficit for the entire FY19 came in at 108.2% of the full year target, compared to 102% for FY18
In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 trillion as against Rs 6.34 trillion in the revised estimates of Budget
Loan waivers, income support schemes are 'poor fiscal marksmanship', says RBI in meeting with Finance Commission.
The time has come for the finance ministry and the RBI governor to sit down and work out a new way of 'additional resource mobilisation'
Finance Secretary Subhash Chandra Garg said the government is close to meeting fiscal deficit target of 3.4% for 2018-19
The government at many occasions had indicated that there might be some shortfall on indirect taxes collection side during 2018-19 but not on direct tax front
India's April-February fiscal deficit touched Rs 8.51 trillion ($123.07 billion), or 134.2 per cent of the budgeted target for the current fiscal year
This compression will include subsidy carry-overs of as much as Rs 35,000 crore, ministries returning unspent amounts of as much as Rs 20,000 crore combined, and capital expenditure (capex) cuts
As per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 per cent for the current fiscal year ending March 31
Economists are hopeful that the government will be able to rein in fiscal deficit at the revised targeted level
Capital expenditure contracts 13% in April-January period