'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
The fiscal deficit rose primarily on the back of lower non-tax revenues, which came in at 60 per cent of full-year target, compared with 62.4 per cent for the same period last year.
The Reserve Bank of India on Friday said fiscal deficit situation would be better than the budget estimate of 5.6 per cent of GDP for 2003-04, while inflation rate will start falling in the coming days.
Arun Jaitley opted for a fiscal deficit of 3.9% in 2015-16.
Rupee falls 5 paise against dollar, ends at 61.92.
Ayushman Bharat aims at providing a cover of Rs 5 lakh per family annually and is aimed at benefitting more than 10 crore poor families across the country.
Terming infrastructure as the "backbone" of any nation's development, Goyal while presenting the interim Budget for 2019-20 in the Lok Sabha said India aspires to be a USD 10 trillion economy in the next eight years, and on the anvil is next generation infrastructure of roads, railways, seaports, airports, urban transport, gas and electric transmission and inland waterways.
Riding on improved receipts, the Centre succeeded in containing fiscal deficit to Rs 43,467 crore (Rs 434.67 billion) in the first five months of this fiscal but expenditure rose marginally during the period.
Surplus in March, the last month of a financial year, has helped the government reduce fiscal deficit in the last few years.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.
She also suggested exploring the possibility of setting up de-addiction centres near these railway stations.
The fiscal deficit totalled Rs 83,394 crore (Rs 833.94 billion) at the end of November, representing 61.5 per cent of the Budget estimate of Rs 1,35,524 crore (Rs 1.355.24 billion), according to data released on Tuesday.
Rupee fell to its 9-month low of 62.03 against the dollar.
Indian Airlines has reported a loss of Rs 246.75 crore and approved the dry-lease of five additional Airbus A-320 aircraft for 3 years.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
The meetings with various ministries will go on till December 12, according to an office notice
The man who could well have been a high-level corporate may have to content himself being deputy chief minister. But other challenges await.
Indirect tax collections increased by 8.82 per cent to Rs 75,655 crore during the first seven months of this fiscal from Rs 69,521 crore in April-October 2002.
The government's market borrowing crossed Rs 100,000 crore (Rs 1,000 billion) till November 1, as fiscal deficit surged to over Rs 81,014 crore (Rs 810.14 billion) in first half of 2003-04, PNB Gilts said in its latest report.
The 41-year-old 'young gun' travelled the length and breadth of the state to strengthen the party at the grassroots level and ensure its comeback.
The central government's net borrowings till July 25 stood at Rs 52,715 crore (Rs 527.15 billion), nearly 50 per cent of the budget estimate of Rs 1,07,194 crore (Rs 1071.94 billion) for 2003-04, according to PNB Gilts.
The government aims to further bring down the fiscal deficit -- the gap between expenditure and revenue -- to 3.5 per cent.
'A sum of Rs 6,000 a year is very significant for a small farmer whose land holding is very small and whose produce is very small. All these calculations on a daily basis are extremely unfortunate and an insult to farmers.'
Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
The gross fiscal deficit of the states is expected to decline to 4.2 per cent of gross domestic product at Rs 1,16,175 crore (Rs 1,161.75 billion) in the year ended March 31, 2004
He said taxation has to be rationalised to make Indian products competitive.
The rating agency also expects merchandise exports to grow by 8-10 per cent in the next fiscal year.
The incoming government will have to encourage private investments, bring down cost of capital
In the run-up to the Union Budget, expected to be presented on July 10, this paints a grim picture for Finance Minister Arun Jaitley.
More funds are expected to be allocated for the new crop insurance scheme, PMSKY and RKVY.
Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
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