Fiscal deficit to be 6.6% of GDP in report released by Ind-Ra

Daily Current Affairs / Fiscal deficit to be 6.6% of GDP in report released by Ind-Ra

Change Language English Hindi

Category : Business and economics Published on: December 31 2021

Share on facebook

According to India Ratings and Research, the fiscal deficit for FY22 is expected to be 6.6 percent of GDP.
The Reserve Bank of India (RBI) in its Financial Stability Assessment said that the government has not been able to meet the planned fiscal deficit target of 6.8% for 2021-22.
Higher tax and non-tax revenue collections are expected to more than offset the likely shortfall in disinvestment revenue this fiscal year, resulting in a fiscal deficit of 6.6 percent of GDP, which is 20 basis points lower than budgeted.

ONGC will invest ₹4,600 crore in Andhra Pradesh’s KG Basin for drilling, offshore platforms, pipeline, and gas processing.
Read More....
India’s defence production reached a record ₹1.51 lakh crore in FY 2024-25, up 18% from last year.
Read More....
China and Hong Kong won the Asia Rugby U-20 Sevens titles, while India’s women claimed bronze in Bihar.
Read More....
DPIIT signed an MoU with Zepto to support manufacturing startups under the Zepto Nova Innovation Challenge.
Read More....
Indian Navy will commission stealth frigates INS Udaygiri and INS Himgiri together for the first time on 26 August 2025.
Read More....
Lok Sabha passed the revised Income Tax Bill 2025, expanding officials’ powers for search operations.
Read More....
Kerala’s KSFE became the first miscellaneous NBFC in India to cross ₹1 lakh crore turnover.
Read More....
WHO confirmed Kenya has eliminated sleeping sickness as a public health problem.
Read More....
Aadhaar Face Authentication transactions doubled from 100 crore to 200 crore in just six months.
Read More....
Tata’s Nelco and France’s Eutelsat will provide OneWeb satellite internet services in India.
Read More....

Fiscal deficit to be 6.6% of GDP in report released by Ind-Ra