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India to breach fiscal deficit target in FY22: Fitch Solutions

India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday.
The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).
We at Fitch Solutions forecast the Indian central government deficit to come in at 8.3 per cent of GDP in FY22, it said.
Revenue shortfall remains the main driver of our wider deficit view, as we expect the government to maintain its spending targets.
Fitch Solutions had previously projected a fiscal deficit of 8 per cent. ....

Fitch Solutions , We At Fitch Solutions , During The Union Budget , Union Budget , Mahatma Gandhi National Rural Employment Guarantee , Gandhi National Rural Employment Guarantee , ஃபிட்ச் தீர்வுகள் , நாங்கள் இல் ஃபிட்ச் தீர்வுகள் , போது தி தொழிற்சங்கம் பட்ஜெட் , தொழிற்சங்கம் பட்ஜெட் , மகாத்மா காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம் , காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம் ,

India Fiscal deficit: India to breach fiscal deficit target in FY22: Fitch Solutions

Synopsis
The main driver of our deficit forecast revision is a downward revision to our outlook for revenues, given that the flare-up in COVID-19 cases in India and containment measures in place will hamper India s economic recovery, which will have a negative impact on fiscal revenues, Fitch Solutions said.
One area expected to see increased spending is on the rural employment scheme MGNREG.
India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday.
The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the GDP in FY22 (April 2021 to March 2022). ....

Fitch Solutions , We At Fitch Solutions , During The Union Budget , Union Budget , Mahatma Gandhi National Rural Employment Guarantee , Gandhi National Rural Employment Guarantee , ஃபிட்ச் தீர்வுகள் , நாங்கள் இல் ஃபிட்ச் தீர்வுகள் , போது தி தொழிற்சங்கம் பட்ஜெட் , தொழிற்சங்கம் பட்ஜெட் , மகாத்மா காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம் , காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம் ,

India may breach fiscal deficit in FY22 amid revenue shortfall, says Fitch

India may breach fiscal deficit in FY22 amid revenue shortfall, says Fitch
The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022)
PTI | May 7, 2021 | Updated 14:42 IST
India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday. The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).
We at Fitch Solutions forecast the Indian central government deficit to come in at 8.3 per cent of GDP in FY22, it said. Revenue shortfall remains the main driver of our wider deficit view, as we expect the government to maintain its spending targets. Fitch Solutions had previously projected a fiscal deficit of 8 per cent. ....

Fitch Solutions , We At Fitch Solutions , During The Union Budget , Union Budget , Mahatma Gandhi National Rural Employment Guarantee , Gandhi National Rural Employment Guarantee , ஃபிட்ச் தீர்வுகள் , நாங்கள் இல் ஃபிட்ச் தீர்வுகள் , போது தி தொழிற்சங்கம் பட்ஜெட் , தொழிற்சங்கம் பட்ஜெட் , மகாத்மா காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம் , காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம் ,

Cabinet clears Development Finance Institution with capital infusion of Rs 20000 crore

Cabinet clears Development Finance Institution with capital infusion of Rs 20000 crore
ANI |
Updated: Mar 16, 2021 16:29 IST
New Delhi [India], March 16 (ANI): The Union Cabinet has cleared the setting up of a Development Finance Institution (DFI) with a capital infusion of Rs 20,000 crore, announced Finance Minister Nirmala Sitharaman on Tuesday.
During the Union Budget, we had mentioned that we will be setting up a national bank to fund infrastructure and developmental activities. Past attempts to have alternative investment funds were taken up, but for various reasons, we ended up with no bank which could take up long-term risk (which is very high) and fund development. Following this, Union Cabinet has cleared the setting up of a Development Finance Institution (DFI), in acknowledgement of the realisation that both development and financial objectives will matter for setting up a DFI, said Sithraman while addressing a pre ....

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LIC IPO: Here's all you need to know about launch date, targets and other details

LIC IPO: Here's all you need to know about launch date, targets and other details - In her speech during the budget, Finance Minister Nirmala Sitharaman suggested that the LIC IPO would be launched in the financial year 2021-2022. ....

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