Tamil Nadu govt revises revenue, fiscal deficit estimations upwards Fall in tax revenue, reduced share in central devolution reason for the increase in deficits, says Finance Minister The Government of Tamil Nadu has revised the revenue deficit estimates upwards to Rs 15,854 crore for the year 2016-17 in its revised budget presented today, as against […]
Fiscal Deficit
GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’
GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’ While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the growth of GDP has accelerated to 7.6% in the current Financial Year. This was possible notwithstanding the contraction of global exports by 4.4% compared […]
Key Reform Measures in Budget speech 2016-17
Union Finance Minister Shri Arun Jaitley spoke on the Key Reform Measures in his Budget speech 2016-17 1. The Government is firm on its course towards fiscal consolidation without compromising on its development agenda. 3.5% fiscal deficit is targeted for FY 2017. 2.Total allocation for Agriculture, Farmers’ welfare and Irrigation set at Rs. 47,912 cr, […]
Phased pension hike likely to meet fiscal deficit target
Phased pension hike likely to meet fiscal deficit target – Officials grappling with a combination of measures to provide spending buffer The challenging fiscal math for the upcoming year on account of higher expected outgo on salaries and pension has prompted the government to examine various permutations and combinations to check the feasibility of curtailing […]