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Fiscal Slippage News

Fiscal Deficit For FY 19 Revised Down To 3.4% Of GDP

For the FY 2018-19, the government will fail to meet its fiscal deficit i.e. the difference between all its earnings and expenditure. In the Interim Budget 2019 speech, Piyush Goyal has revised down fiscal deficit to 3.4%. The government has ...

What Is Fiscal Slippage? Is It Different From Fiscal Deficit?

Fiscal slippage in simple terms is any deviation in expenditure from the expected. To understand it better, we take into account an example, like say a trader wishes to buy a certain stock at Rs. 10 and 1000 in number. But ...

Forex Reserves Jump To A Lifetime High Of $410 Billion

The forex reserves of the country not only logged the $400 billion mark but also hit a new lifetime high of $409.366 billion backed by an increase in assets in foreign currency. The foreign credit rating agencies including Moody's ...

India Ratings ups GDP growth estimate to 5.7%, predicts fiscal slippage

Domestic rating agency India Ratings on Thursday increased its FY15 GDP growth estimate marginally to 5.7 percent on a good show by the industrial sector, but said the government will not be able to meet its ambitious fiscal deficit target of ...