Fiscal Slippage

India economy: Govt indicates it will not cut expenditure in the wake of higher fiscal deficit numbers

Fiscal deficit has touched Rs 6.77 lakh crore at the end of January 2018, 113.7 percent of the target for the year, on account of higher expenditure.

Arun Jaitley does a UPA vs NDA: FM says LTCG tax required in present situation, markets crashed on global cues

Arun Jaitley said the downslide in the bourses was not caused by the reintroduction of LTCG and attributed negative global cues

RBI keeps repo rate unchanged: MPC has a word of caution for Modi govt and bad news for investors

The growth scenario is not looking as bad as it appeared in the first quarter of this fiscal year to warrant an urgent rate cut boost.

Task to strengthen public finances left to next govt after 2019 elections: Fitch Ratings

The target for current fiscal was missed largely because of higher expenditure, Fitch said.

Budget 2018: Govt revising fiscal deficit target to 3.5% won't impact overall economic growth, says Moody's

Moody's says medium-term target to reduce central govt debt-to-GDP ratio to 40 percent is supportive of sovereign credit profile

Union Budget 2018: Narendra Modi govt must tame fiscal deficit to retain investors' faith in Asia's 3rd largest economy

Since Narendra Modi took power in May 2014, benchmark 10-year bond yields have fallen 135 bps and NSE share index has surged 55 percent

Fiscal deficit may be slightly higher than target of 3.2% of GDP as per earlier projection: Niti Aayog vice-chairman

The government aims to contain the fiscal deficit for 2017-18 to 3.2 percent of the GDP, and 3 percent in 2018-19

Govt borrowing: Why rapid, last minute changes are only worsening market volatility

The government’s cash flow operations are disrupted, so to speak, and need some re-adjustment.

Govt likely to retain fiscal deficit target of 3% for FY19, revise plan to 3.4% for FY18: Deutsche Bank

FY19 Union Budget to be announced on 1 February is expected to be a populist and to propose more spending towards social sectors

RBI may up inflation forecast for FY18, opt for prolonged pause in policy rates as risk factors weigh: DBS Bank

DBS said clear guidance from RBI in the upcoming policy will be key in guiding the markets, going ahead.