United States fiscal cliff Current Affairs, GK & News
Rating agency CRISIL has slashed India’s growth forecast to 5.5%. It is the second cut for fiscal 2013 estimate. Earlier, the agency had cut GDP growth to 6.5%. Deficient rainfall and worsening Eurozone situation are the main causes behind the decline. As per CRISIL, the sluggish growth is expected to put pressure on government finances. ..
As per the estimates issued by CAG on May 31, 2012, the Fiscal Deficit (FD – the difference between the government’s total receipts and expenditure) of India relieved to 5.7% of GDP, lower than 5.9% anticipated in the revised estimates in the Budget 2012. Fiscal Deficit: Rs 5.09 trillion rupees. Tax revenue receipts: Rs 6.31 ..
Month: Current Affairs - June, 2012
India’s fiscal deficit reached almost 71% of its full-year target in the first half of the year, casting doubts over its ability to meet budget goals as central finances feel the pressure of squeezed revenues and slowing growth. India’s fiscal deficit from April to September was Rs 2.92 lakh crore ($60.1 billion),71% of the Rs ..
Category: Government Schemes Current Affairs
Topics: Deficit • Economies • Economy of India • Fiscal • Fiscal Responsibility and Budget Management Act • Fourteenth Finance Commission • Government budget balance • Government spending • United States fiscal cliff