FY 20 FISCAL DEFICIT
FMCG sector to expand at 9% in FY20, growth to improve in FY21: Report
The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 per cent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 per cent in fiscal 2021, a report said on Tuesday.
IMF cuts India’s FY20 growth forecast to 4.8%
The IMF cut its estimate citing a sharper-than-expected slowdown in local demand and stress in ...
FY20 deficit likely to be 4.5-5% of GDP: Ex-Fin Secy
Former finance secretary Subhash Garg has said India's real fiscal deficit in FY20 is li...
Infosys may outpace TCS in top line growth in FY20
For Infy & HCL Tech, the faster growing verticals contributed more to the revenue than BFSI.
4045 times is the highest CEO pay ratio in India Inc for FY19
At HEG, a graphite electrode manufacturer, the CEO earned 4,045 times the median remuneration of its staff.
Fiscal deficit may widen to 3.7-4% of GDP: Ex-fin secy
He estimated that the real fiscal deficit would be around 4.5 per cent to 5 per cent of GDP.
Vu grows television sales in India in FY20, open to selling stake
Vu has also exited the basic television range in India. However, Saraf said by value the company will either hold onto its 2018-19 revenue of Rs 1,000 crore or may report slight grow since television prices have dropped last year across the range due to drop in global panel prices.
Budget 2020: Is it time for a more realistic disinvestment target?
India needs more realistic disinvestment targets so that the fiscal math is not affected towards the end.
How bad really is the fiscal situation?
At this point, it makes sense to bite the bullet. Govt can fret over deficit after growth has picked up.
Markets eye improved transparency in Budget: Report
The report noted that fiscal deficit in the first eight months of FY20, stood at 15 per cent above target.
Tea companies to remain under pressure in FY20: ICRA
In the first eight months of FY2020, tea auction prices in North India (Assam and West Bengal) remained flat.
UN revises growth forecast to 5 per cent for India in current fiscal
Its estimate for FY21 was also further downgraded to 5.8%-5.9% from 6.6% in the report, said Nagesh Kumar, head of the UN economic and social commission for Asia and the Pacific, while presenting the report in Delhi. Since the report was finalised in October it did not take into account the second quarter results and hence the outlook has been revised, Nagesh Kumar said.
Govt might breach fiscal deficit target in FY20; need for fiscal stimulus rises: Report
"We expect that the drop in the revenue mobilisation of the government and likelihood of additional expenditure by the government might breach the fiscal deficit target in FY20," Dun & Bradstreet India Chief Economist Arun Singh said. The government has set a 3.3 per cent fiscal deficit target for the current fiscal.
Govt trying to address demand-side problem with supply-side measures: Madan Sabnavis, CARE Ratings
We really think the government will be able to stick to the fiscal deficit in 2021.
India may miss tax collection target for 2019-20 by nearly Rs 2.5 lakh cr: Subhash Chandra Garg
Subhash Chandra Garg said corporate tax, excise duties and customs are likely to see negative growth in collections in 2019-20- something of the order of 8 per cent in corporate taxes, about 5 per cent negative growth in excise duties (Rs 2.2 lakh crore against Rs 2.31 lakh crore) and about 10 per cent lower collection in customs duty (Rs 1.06 lakh crore against Rs 1.18 lakh crore).
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