Will achieve fiscal deficit target next year, says Arun Jaitley
Will achieve fiscal deficit target next year, says Arun Jaitley
Finance minister Arun Jaitley in the Lok Sabha on thursday
11 February, 2018, 05:10
Finance MinisterArun Jaitley Saturday exuded confidence that there will be no more fiscal slippages as the financial position is likely to be comfortable from the next fiscal.
Jaitley dismissed concerns that any sharp increase in global oil prices could make it hard for the government to attain its deficit target for the next fiscal year, which starts in April, Indian daily The Economic Times reported.
Addressing a press conference after meeting RBI's board in a customary post-Budget exercise in New Delhi, FM Jaitley also said that the last decision of the Monetary Policy Committee, chaired by RBI Governor Urjit Patel that chose to keep rates unchanged, was a balanced decision.
"... As far as fiscal situation is concerned, I see next year to be more comfortable as far as revenues are concerned. I am sure we will be able to maintain the target quite well", Jaitley said, while speaking to the media after addressing the Central Board of Directors of the Reserve Bank of India. Touching upon the impact of oil prices, RBI Governor Urjit Patel said that while we need to be prepared for oil price movements on the either side, it is hard to predict anything. Few months ago, around June, people were talking of oil prices not going above $40-45 per barrel and some of the advice that came to the MPC and RBI was based on that. It was wrong to say that long-term capital gains (LTCG) tax would have no impact on Indian but it would be minimal, said Tyagi, adding that global factors posed a bigger risk. On credit growth, Patel said that it was now at 11 per cent and that there are indications of the pick-up in the credit growth in future. The board also discussed the implementation of the Budget announcements related to Sebi.
Jaitley in his budget for 2018-19 had said that Sebi would consider mandating, beginning with large corporate houses, meeting about one-fourth of the companies' financing needs from the bond market. "Issues such as impact of MSP on the farmers and overall prices and global competition also came up", said Jaitley without elaborating further. Besides Jaitley, the Sebi board meeting was attended by Minister of State for Finance Pon Radhakrishnan, Finance Secretary Hasmukh Adhia, Chief Economic Adviser Arvind Subramanian, Corporate Affairs Secretary Injeti Srinivas, Sebi's board members G Mahalingam, Arun P Sathe and Madhabi Puri Buch and other senior officials of the regulator.
Among his desires is requiring more made-in-America auto production and shifting more government contracts to USA companies. His first meeting is with Salesforce CEO, Mark Benioff, and other tech leaders at the Salesforce offices in San Francisco.
Schuchat said those groups needn't wait for laboratory confirmation before being treated with an antiviral drug. A third pediatric death in New York City has been confirmed by the NYC Health Department, officials said Friday.
After the ward government received complaints, its board of education held a press conference on the same day. Finance Minister Taro Aso said that the prices seemed expensive for elementary school uniforms.
Temperatures in the north will be 8C at their highest, with the south-west enjoying slightly higher temperatures of 12C. Inland the winds will be more breezy at around 15 miles per hour and gusts of 25.
In December, India backed a United Nations resolution that opposed the US decision to recognize Jerusalem as Israel's capital. It was conferred as a mark of recognition of Modi's contribution to the relationship between India and Palestine.
There will be no pillaging of the Vikings, at least as far as the Giants' offensive coordinator position is concerned. In 2016 he was named Running Backs Coach before being named the Quarterbacks Coach before the 2017 season.
The club tweeted: "We are saddened to hear this evening that former Sunderland midfielder Liam Miller has passed away. A range of footballing icons and clubs have expressed their condolences over his passing and paid their tributes.
She is a formidable and aggressive debater, respected by opponents for her communication skills and her grip on policy details. Adams has been accused of personally ordering the killings of some of those suspected of being informants.
However, this is still the first report of such an incident happening to a pair of AirPods and might only be a once-off incident. As a result, we are relieved the new lightning EarPods are so much better than their predecessors.
The lawsuit cost Uber precious time in its self-driving auto ambition, which is a key to its long-term profitability. Waymo attorney Charles Verhoeven, of Quinn Emanuel Urquhart & Sullivan, moved to dismiss the case with prejudice.
Police in OH identify two officers killed Saturday
Police said the officers were shot when they went into an apartment. "They knew how to do policing the right way, both of them". Morbitzer says the officers "gave their lives in defense of others" and "they're true American heroes".
Yu Darvish agrees to $126 million cope with Chicago Cubs
Since undergoing surgery, Darvish has a record of 17-17, with a 3.64 ERA, in 287 innings pitched, and 341 strikeouts in 48 starts. The choice to give Darvish a sixth guaranteed year undoubtedly went a long way toward the Cubs' winning the bidding.
Stock In Spotlight: FireEye, Inc. (NASDAQ:FEYE)
The information security company reported ($0.26) EPS for the quarter, topping the Zacks' consensus estimate of ($0.39) by $0.13. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.28 average brokerage recommendation.
Gunners sweating player fitness for Tottenham derby clash
Pochettino confirmed that he was anxious about the pitch, which he said "was not in a condition to play football". Pochettino is anxious about his players getting injured but said that he is anxious about Rochdale's players too.
Hero dog sniffs out Taiwan natural disaster survivors
Taiwanese President Tsai Ing-wen moved to reassure the Taiwanese public that every effort would be made to look for survivors. Its streets were buckled by the force of the quake, with about 40,000 homes left without water and about 1,900 without power.
Rise in USA oil rigs push Brent oil below $62
Money managers own more 1 billion barrels of crude oil through their holdings of US and Brent futures and options. Brent futures have lost about 8 percent since reaching a four-year high above $71 in late January.