Finance Minister Nirmala Sitharaman Friday lowered the fiscal deficit target to 3.3 per cent for the current fiscal from the earlier estimate of 3.4 per cent of the GDP. 'The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent,' she said while presenting Budget for 2019-20. While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent. (Text: PTI)
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Watch Budget 2019: Fiscal deficit target lowered to 3.3% for FY20 With HD Quality.
Finance Minister Nirmala Sitharaman Friday lowered the fiscal deficit target to 3.3 per cent for the current fiscal from the earlier estimate of 3.4 per cent of the GDP. 'The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent,' she said while presenting Budget for 2019-20. While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent. (Text: PTI)
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Watch Budget 2019: Fiscal deficit target lowered to 3.3% for FY20 With HD Quality
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Indranil Sen Gupta, India Economist, BofA-ML, says the possibility of the government missing out on its FY20 fiscal deficit target is very high. In an interview with Saloni Goel of ETMarkets.com on the sidelines of the ETMarkets Global Summit, 2019, he shared his views on the government's disinvestment plan as a way to manage its fiscal maths. Edited excerpts:-
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Watch FY20 fiscal deficit would easily slip to 3.8%: Indranil Sen Gupta With HD Quality
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On February 1, the Narendra Modi-led government will present its last budget. This year when Piyush Goyal, the interim finance minister, opens his briefcase which carries the Budget papers, he will be expected to dole out some goodies. Will Modi govt be able to meet its fiscal target? ET NOW's Ruchi Bhatia has more on this, listen-in!!!
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In his interim Budget speech, Union Minister Piyush Goyal pegged the fiscal deficit of the year 2019-20 at 3.4 per cent of the GDP. He also claimed that the government has maintained the glide path towards the target of 3 per cent of fiscal deficit to be achieved by 2020-21. How much of it is tenable? Swaminathan Aiyar, Consulting Editor, The Economic Times explains.
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Living beyond your means can ruin your budget. Same goes for the country. Mythili Bhusnurmath, Consulting Editor, ET Now helps you to understand the term Fiscal Deficit and how it has a deep impact on the way national resources are used by the government of the day. Watch now.
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The Modi government will once again resort to off-budget financing to meet their fiscal deficit targets for FY19. With less than a week to go for the interim budget, top sources indicate that the government could very well be staring at a revenue shortfall of close to Rs 1.5 lakh crore on account of shortfall in GST collections. Off-budget financing or non-budgetary means are used by successive governments to meet the fiscal targets. ET Now's Ruchi Bhatia share more details. Listen-in!!!
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India's fiscal deficit in May stood at 3.66 trillion rupees ($53.04 billion), or 52% of the budgeted target for the current fiscal year, government data showed on Friday.
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Siddhartha Khemka, Head of Retail Research at Motilal Oswal Securities believes there is limited flexibility for the government to go overboard on its spending plans in Budget 2018.
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Watch Govt may postpone fiscal deficit target of 3% for FY19 by one year- Siddhartha Khemka With HD Quality
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India's April-November fiscal deficit stood at 7.17 lakh crore ($101.93 billion), or 114.8 percent of the budgeted target for the current fiscal year, government data showed on Thursday.
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Speaking to Supriya Shrinate, KV Kamath, President of the New Development bank says that India will not cross the red when it comes to the fiscal deficit target. He lauds the GST rollout and bank clean-up act by the Modi Government and terms them as this Government's biggest hits. Speaking about the NPA situation, he added that India is at the end of the NPA cycle.
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The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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