Super Budget 2015-16: Fiscal Deficit is 3.9% and Revenue Deficit 2.8% of GDP

Newsroom24x7 Desk Finance Minister Arun Jaitley today refused to take the short-cut to populism through subsidy and freebies and instead chose to present in Parliament a pragmatic Budget for 2015-16 by avoiding sudden surprises and plugging loopholes leading to instability in tax policy. New Delhi: Finance Minister Arun Jaitley today refused to take the short-cut to populism through… Read More Super Budget 2015-16: Fiscal Deficit is 3.9% and Revenue Deficit 2.8% of GDP

Finance Ministry grappling with fiscal deficit too early in the day

Newsroom24x7 Desk New Delhi, Jan. 9: The estimated primary deficit of Government of India as per budget estimates for 2014-15 was Rs. 104166 crore. Against this the actual primary deficit upto November 2014 has been Rs. 292484, which is 280.8 per cent more than the actual budget estimate. In terms of fiscal deficit, 98.9 per cent of… Read More Finance Ministry grappling with fiscal deficit too early in the day