Disinvestment proceeds to be used for creating infrastructure for country, not to bridge revenue deficit: Nirmala Sitharaman
The government set an ambitious disinvestment target of Rs 2.10 lakh crore for the next financial year, which includes selling stake in BPCL and insurance behemoth LIC.
Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic
Nirmala Sitharaman is promising to keep the fiscal deficit at 3.3% of GDP, lower than the 3.4% projected in the interim Budget presented by Piyush Goyal
Union Budget 2019: Consolidated Fund of India is the main account of Centre, handles all expenses of govt
The Consolidated Fund of India, created under Article 266 of the Indian Constitution, includes the revenues received by the government and expenses made by it.
As per data released by the Controller General of Accounts (CGA), fiscal deficit for April-February was 120 percent of the revised estimates on account of increased expenditure and subdued revenue receipts
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.
Despite being the world's fifth largest importer of weapons, the major worry for the Indian Army during a war would be a shortage of ammunition
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 to opt for wider fiscal deficit target of 3.2% in FY19; borrowings may swell to Rs 5.2 lakh cr: DBS
DBS attributed difficulties on fiscal deficit front to shortfall in receipts and added that expenditure has stayed on the planned course
Data furnished by the CGA showed that April-November fiscal deficit was 85.8 percent of the budget in the like period of the last fiscal
The government has set a target of a 3.2 percent of GDP fiscal deficit for the current fiscal
Defence outlay alone jumping 22 percent by FY'20
Traditionally, the budget is presented at the end of February and passed by May. However, the date has been advanced for the Union Budget 2017 to ensure its passage before the beginning of the fiscal year in April.
While the recent liberalisation of Defence Procurement Policy in 2016 (DPP 2016) is a welcome move by the government, there are still concerns that remain.
With the government increasing the capital spending, investment cycle will also see a pick up