deficit

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• Business News

US budget deficit hits all-time high of $864 billion in June

13/07/2020 7:04 PM Mitchell

The Treasury Department reported Monday that the deficit hit $864 billion last month, an...

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• Business News

Govt may need RBI’s help to fund budget as deficit spikes sharply: Report

08/07/2020 6:10 AM Mitchell

With the fiscal deficit already touching as high as 7 per cent of the...

2 min read

• Business News

Exports fall 36.47{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in May, trade deficit narrows to USD 3.15 billion

15/06/2020 2:01 PM Mitchell

Contracting for the third straight month, India’s exports declined 36.47 per cent in May...

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• Business News

Fiscal deficit widens to 4.6{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} of GDP in 2019-20 on account of poor revenue realisation

29/05/2020 3:13 PM Mitchell

Finance Minister Nirmala Sitharaman while unveiling the budget in February pegged the fiscal deficit...

3 min read

• Business News

Covid-19 aftermath: Exports plunge by record 60.28{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in April in India, trade deficit lowest in 4 years

15/05/2020 6:03 PM Mitchell

Contracting for the second straight month, India’s exports shrank by a record 60.28 per...

3 min read

• Business News

Pakistan’s deficit, poverty rate to soar due to coronavirus: Report

15/05/2020 9:42 AM Mitchell

Pakistan’s fiscal deficit will be significantly worse than projected this fiscal year, with the...

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• Business News

RBI chief says ‘very challenging’ to meet FY21 fiscal deficit target

27/04/2020 12:04 PM Mitchell

Meeting India’s fiscal deficit target in the current financial year is going to be...

2 min read

• Business News

Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has not yet made a decision on its monetisation, the Reserve Bank of India (RBI) Governor Shaktikanta Das said. India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide. “Fiscal measures are important and the government is working on a package of measures,” Das, the central bank chief, told news agency Cogencis in an interview published on Monday. Das said he expected the government to take a judicious and balanced call on the question of the fiscal deficit, while tackling the challenges arising from the pandemic. “Meeting the fiscal deficit target of 3.5 per cent this year (2020/21) is going to be very challenging, and going beyond it becomes unavoidable,” he said, adding that direct tax collections may also be hit. Das did not reply specificall

27/04/2020 10:17 AM Mitchell

Meeting India’s fiscal deficit target in the current financial year is going to be...