Page 28 - Latest Updates on Fiscal Deficit
Govt not seeking RBI reserves to meet fiscal deficit: Arun Jaitley
The Finance Minister said that the Modi government has the best track record of keeping fiscal deficit under check
 "Govt not seeking RBI reserves to meet fiscal deficit: Arun Jaitley")
April-Nov fiscal deficit touches nearly 115% of FY19 target at Rs 7.17 trn
The government is widely expected to miss its fiscal deficit target of 3.3% of GDP in the current financial year
 "April-Nov fiscal deficit touches nearly 115% of FY19 target at Rs 7.17 trn")
Compensation cess of Rs 200 billion to help govt cut fiscal deficit
For taking over some portion of compensation cess, govt got legal backing through an amendment to the GST (Compensation to States) Act in the monsoon session of Parliament
 "Compensation cess of Rs 200 billion to help govt cut fiscal deficit")
Govt to meet fiscal deficit target of 3.3% despite GST rate cut: Jaitley
As per the latest data, the fiscal deficit in the April-October period stood at 103.9% of Budget estimates
 "Govt to meet fiscal deficit target of 3.3% despite GST rate cut: Jaitley")
Govt wants Rs 100 bn interim dividend from RBI for fiscal deficit target
Reserve Bank had paid the same amount last financial year
 "Govt wants Rs 100 bn interim dividend from RBI for fiscal deficit target")
Govt will stick to 3.3% fiscal deficit target for FY19: Arun Jaitley
Jaitley also said India will clock a growth rate of 7-8 per cent despite global uncertainties and will retain the tag of the world's fastest growing major economy
 "Govt will stick to 3.3% fiscal deficit target for FY19: Arun Jaitley")
FM Jaitley may still manage to meet FY19 fiscal deficit target: Here's why
In 2 of the 3 pre-election years since FRBM idea was mooted, the finance ministry has succeeded in meeting fiscal targets; the only exception was 2008, when a global meltdown weighed on the economy
 "FM Jaitley may still manage to meet FY19 fiscal deficit target: Here's why")
A balancing act
The govt should be flexible on the fiscal position
 "A balancing act")
Govt confident of meeting fiscal deficit target despite GST shortfall
Centre expects direct taxes to overshoot target by Rs 300 billion
 "Govt confident of meeting fiscal deficit target despite GST shortfall")
Govt should find fiscal space to ramp up investments, says NITI Aayog V-C
Banks under prompt corrective action (PCA) should be allowed to part-lend again, says Rajiv Kumar
 "Govt should find fiscal space to ramp up investments, says NITI Aayog V-C")
April-October fiscal deficit breaches full-year target at Rs 6.24 trillion
Total expenditure of the government at October-end was Rs 14.56 trillion or 59.6 per cent of budgeted estimates
 "April-October fiscal deficit breaches full-year target at Rs 6.24 trillion")
Govt may resort to tested ways to meet fiscal deficit target of 3.3% of GDP
Finance Minister Arun Jaitley has publicly committed to meet the fiscal deficit target without compromising on capital expenditure
 "Govt may resort to tested ways to meet fiscal deficit target of 3.3% of GDP")
Govt should stick to fiscal deficit target for 2018-19: Arvind Panagariya
The government aims to strictly maintain 3.3 per cent fiscal deficit target for 2018-19 fiscal
 "Govt should stick to fiscal deficit target for 2018-19: Arvind Panagariya")
Market can get worse before it gets better
Corporate results indicate that consumption may be softer than hoped-for and analysts are predicting downgrades for second-half earnings
 "Market can get worse before it gets better")
Govt is considering a number of steps to ensure there's no fiscal breach
Government has so far maintained that the 3.3% target will be met
 "Govt is considering a number of steps to ensure there's no fiscal breach")
In first 6 months, fiscal deficit at 95.3% of Rs 6.24-trn full-year target
Govt looks set to overshoot 3.3% mark
 "In first 6 months, fiscal deficit at 95.3% of Rs 6.24-trn full-year target")
Fiscal deficit widens in first half of 2018-19 to 95.3% of FY19 estimate
The government has budgeted to cut fiscal deficit to 3.3 per cent of GDP in 2018-19 from 3.53 per cent in the previous financial year
 "Fiscal deficit widens in first half of 2018-19 to 95.3% of FY19 estimate")
Modi govt confident of meeting fiscal deficit target but faces challenges
While the direct tax collections so far are encouraging, other indicators show the Centre has a formidable task
Living on hope
Meeting the fiscal deficit target looks challenging
Govt has no excuses on fiscal deficit this year, says Rathin Roy
When the rupee depreciates beyond that range, we have to ask what factors are behind it
 "Govt has no excuses on fiscal deficit this year, says Rathin Roy")
