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Sensex, Nifty drop on report of Rs 2.30 trillion farm package

Thursday, January 3, 2019, 9:10 PM

Sensex, Nifty drop on report of Rs 2.30 trillion farm package

Indian markets fell 1% on Thursday on the worries of fiscal concerns after a news report suggested that the government is planning a relief package for farmers that may cost as much as Rs 2.30 trillion annually. At 2.15pm, the Sensex was trading at 35,538.01, down 353.51 points, or 1%, and the Nifty 50 stood at 10,674.90, falling 117.60 points, or by 1.09%.

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ONGC approves 4,022 crore share buyback

Thursday, December 20, 2018, 6:31 PM

ONGC approves 4,022 crore share buyback

The Board of state-owned Oil and Natural Gas Corp Thursday approved buyback of 25.29 crore shares for Rs 4,022 crore as part of the government plan to get cash-rich PSUs to part with their surplus. The government, which holds 65.64 per cent stake in the company, stands to gain about Rs 2,640 crore from tendering some of its shares in the buyback programme.

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India's April-October fiscal deficit crosses full-year target

Friday, November 30, 2018, 6:52 PM

India's April-October fiscal deficit crosses full-year target

India's April-October fiscal deficit stood at Rs.6.49 trillion or 103.9% of budgeted target for current fiscal-year, government data showed. Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were Rs.6.61 trillion, government data showed. The government has said it was confident of meeting its fiscal deficit target of 3.3% of GDP in the 2018-19 fiscal year.

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Govt should stick to fiscal deficit target, continue reforms: Arvind

Sunday, November 18, 2018, 8:22 PM

Govt should stick to fiscal deficit target, continue reforms: Arvind

Niti Aayog's former Vice Chairman Arvind Panagariya on Sunday said the centre should stick to the fiscal deficit target for 2018-19 and continue with the reforms undertaken during PM Narendra Modi-led government. The present government has made a huge progress in implementing GST and Insolvency and Bankruptcy Code, he said. The government aims to maintain 3.3% fiscal deficit target.

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What's The

Sunday, November 11, 2018, 5:52 PM

What's The "Tearing Hurry" To Fix RBI Capital: Chidambaram Asks Centre

What is the "tearing hurry" to fix the capital framework of RBI when the ruling dispensation has just four months to complete the term, former Union finance minister P Chidambaram today asked the Centre. In a series of tweets, the senior Congress leader slammed the government for allegedly seeking funds from the RBI despite claiming that its (Centre's) fiscal math was correct.

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Rupee may fall towards 74.70 level in November

Monday, November 5, 2018, 10:47 AM

Rupee may fall towards 74.70 level in November

The rupee continued to be under pressure, but the pace of weakness was slower compared to what we saw in past few-months. The currency fell 1.40% in October, year-to-date depreciation has been to tune of 13%. Crude oil, which has been one of important factors that led to weakness in rupee, has stabilised after comments from Saudi minister, hinting at increasing supply if needed.

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Government Committed To Meet Fiscal Deficit Target: Piyush Goyal

Monday, June 18, 2018, 2:55 PM

Government Committed To Meet Fiscal Deficit Target: Piyush Goyal

The government is committed to meet the fiscal deficit target of 3.3% for the current fiscal, interim Finance Minister Piyush Goyal said. The government will maintain stability in the economy and meet all economic parameters fixed by the government, he said today. "I can assure that we will meet the fiscal deficit target of 3.3%, despite this being an election year," he said.

Article

 

02 January 2010, Saturday

Fiscal Deficit in India

Fiscal Deficit in India Just imagine you are expecting your salary at the beginning of the month. Out of the total amount received you need to pay ...

2 Pages, 18 Records
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