Page 30 - Latest Updates on Fiscal Deficit
April-Feb fiscal deficit at Rs 7.15 trillion, 120% of FY18 target
the finance ministry asserted that the target will be met, which means expenditure might be curtailed substantially or carried forward to next year
 "April-Feb fiscal deficit at Rs 7.15 trillion, 120% of FY18 target")
IMF may revise India's fiscal deficit upwards by 0.3% of GDP in WEO report
The Union government has maintained that the bank recapitalisation will be cash-neutral on its finances
 "IMF may revise India's fiscal deficit upwards by 0.3% of GDP in WEO report")
To boost spending, govt seeks parliament nod to spend extra Rs 853 billion
This extra spending is unlikely to impact the country's fiscal deficit target.
 "To boost spending, govt seeks parliament nod to spend extra Rs 853 billion")
April-January fiscal deficit touches 113.7% of full-year target
Net tax receipts in the first ten months of 2017/18 fiscal year were Rs 9.7 trillion, government data showed
 "April-January fiscal deficit touches 113.7% of full-year target")
Govt expects up to Rs 40-bn surplus fund from Sebi: DEA Secretary
The government has already sought dividend of about Rs 130 billion from the Reserve Bank of India for 2016-17.
 "Govt expects up to Rs 40-bn surplus fund from Sebi: DEA Secretary")
India's fiscal deficit may widen to 3.5% in FY19: Morgan Stanley report
Even though spending growth is expected to accelerate, Morgan Stanley's base case is that it does not expect a material impact on the inflation outlook
 "India's fiscal deficit may widen to 3.5% in FY19: Morgan Stanley report")
Fiscal deficit, growth and employment
Without accounting of the government's assets and liabilities, limits on fiscal deficits will only slow down growth and job creation
No harm in fiscal deficit slippage if capex gets major boost: Ficci head
In an interview with Business Standard, Rashesh Shah also said that tax incentives for capital expenditure were a key issue
 "No harm in fiscal deficit slippage if capex gets major boost: Ficci head")
Taming fiscal deficit at 3.2% of GDP is a tall order
Meeting the fiscal deficit target will become more difficult in the second half of the fiscal year
April-Nov fiscal deficit hits 112% of full-year target
Net tax receipts in the first 8 months of 2017/18 financial year were Rs 6.99 lakh cr
 "April-Nov fiscal deficit hits 112% of full-year target")
Fiscal deficit worries give Sensex, Nifty a scare
The government has decided to make an additional borrowing of Rs 50,000 crore this fiscal through dated securities
Fiscal deficit worries
Revenue uncertainty increases the strain
Govt to borrow Rs 50,000 cr extra via dated securities in Jan-March FY18
Move could widen the country's fiscal deficit
 "Govt to borrow Rs 50,000 cr extra via dated securities in Jan-March FY18")
Govt to raise Rs 50,000 cr via G-secs; fiscal deficit target to be breached
The central government is learnt to be planning to borrow an additional amount of Rs 50,000 cr from the bond market, over and above the budget estimate of Rs 5.80 lakh crore for fiscal year 2017-18
Fiscal deficit crosses 96% of Budget estimates at the end of October
Apr-Oct fiscal deficit at Rs 5.25 lakh cr, compared with Rs 4.2 lakh cr in the same period a year earlier
 "Fiscal deficit crosses 96% of Budget estimates at the end of October")
Market falls on fiscal deficit concerns
The Sensex fell 0.84 per cent, or 281 points to 33,034 with banking and energy stocks leading the fall
 "Market falls on fiscal deficit concerns")
Fiscal deficit rises to 91.3% of FY18 target in 6 months
In absolute terms, the difference between expenditure and revenue stood at Rs 4.99 lakh cr for the said period
 "Fiscal deficit rises to 91.3% of FY18 target in 6 months")
Govt likely to achieve fiscal deficit target of 3.2% in FY18: SBI report
In the current year so far, the government has already raised about Rs 19,759 crore through minority stake sale in CPSEs and strategic disinvestment
 "Govt likely to achieve fiscal deficit target of 3.2% in FY18: SBI report")
Is fiscal deficit of 3.2% of GDP written in stone?
Deficit isn't necessarily a bad thing. Much depends on how public money is allocated and spent and what the macroeconomic situation is
 "Is fiscal deficit of 3.2% of GDP written in stone?")
Stimulus roadblock: Fiscal deficit at 96% of full-year target
For the same period last year, the fiscal deficit stood at 76.4 per cent of the full-year target
 "Stimulus roadblock: Fiscal deficit at 96% of full-year target")
