Search For "fiscal deficit"
After significant rate hike, Pak govt has to pay heavy price for borrowing
Updated : 3 years, 3 months ago IST
The State Bank of Pakistan's (SBP) decision to hike its key policy rate by 100 basis points to a 24-year high of 16 per cent has created a new problem for Islamabad as it has to pay a heavy price for borrowing after the rate hike.
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India's fiscal deficit stands at 20.5 pc of annual target in April-July
Updated : 3 years, 6 months ago IST
New Delhi [India], August 31 (ANI): India's fiscal deficit narrowed to 20.5 per cent of the annual target in April-July period of the current financial year as compared to 21.3 per cent recorded in the corresponding period of the last year, as per the official data released on Wednesday.
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India's 2022-23 fiscal deficit may come at 6.5 pc, says SBI Research
Updated : 3 years, 7 months ago IST
New Delhi [India], August 5 (ANI): India's fiscal deficit, the difference between revenue and expenditure, is expected to be around 6.5 per cent of gross domestic product, against the Budget estimate of 6.4 per cent, SBI Research said in its weekly report.
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Centre's fiscal deficit stands at Rs 3.52 lakh crore in Q1
Updated : 3 years, 7 months ago IST
New Delhi [India], July 29 (ANI): The Government of India's fiscal deficit stood at Rs 3.52 lakh crore in April-June 2022 period, accounting for 21.2 per cent of the full-year target of Rs 16.6 lakh crore, as per the official data released on Friday.
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Govt takes number of steps to address high oil price challenge
Updated : 3 years, 8 months ago IST
New Delhi [India], July 4 (ANI): The Government of India has taken a number of steps to address the challenges arising out of the surge in crude oil prices in the international markets, finance ministry sources said on Monday.
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Equity indices extend gains; Sensex, Nifty rise over 1 pc each
Updated : 3 years, 8 months ago IST
New Delhi, [India], June 21 (ANI): Domestic equity benchmark indices extended their gains from the previous session and rose substantially in morning session on Tuesday, primarily due to value buying after a persistent sharp fall earlier this month.
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Upside risks to fiscal deficit emerges following duty cut on fuel: Finance
Updated : 3 years, 8 months ago IST
New Delhi [India], June 20 (ANI): Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing an upside risk to the budgeted level of gross fiscal deficit, the Department of Economic Affairs said in its Monthly Economic Review for May 2022.
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India's fiscal deficit at 6.71 per cent in 2021-22, lower than budget esti
Updated : 3 years, 9 months ago IST
New Delhi [India], May 31 (ANI): India's fiscal deficit for the year ended March 2022 stood at Rs 15,86,537 crore, or 6.71 per cent of the country's gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised budget estimate, the government data sho
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Pakistan: Finance Ministry forecasts gloomy economy amid rising inflation
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 30 (ANI): Owing to a combination of internal and external challenges of unpredictable tenure in Pakistan, the Ministry of Finance on Friday forecasted tough days ahead -- including rising inflation, expanding current account deficit, higher fiscal deficit and d
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World Bank says Sri Lanka's economic outlook uncertain, needs urgent polic
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 14 (ANI): Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the fiscal deficit, and restore external stability, the World Bank said in its twice-a-year regional update.
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US-India forum lauds Union Budget, calls it 'measured, pragmatic'
Updated : 4 years, 1 month ago IST
Washington [US] February 2, (ANI): The US-India Strategic Partnership Forum (USISPF) congratulated Finance Minister Nirmala Sitharaman and the Government of India on delivering a Union Budget which "allows the government to continue supporting development while keeping an eye on the fisca
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India's fiscal deficit pegged at 6.4 per cent of GDP in 2022-23
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI) India has set a target to reduce fiscal deficit to 6.4 per cent of GDP in 2022-23 from the estimated 6.9 per cent in the current financial year, Union Finance Minister Nirmala Sitharaman said on Tuesday.
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