Govt to achieve 3.5% fiscal deficit target for FY17 from spectrum auction

Government may yet again opt for stretching the target, and pegging 3.8-3.9% as the likely number.

Government can achieve 3.5% fiscal deficit target for 2016-17 from spectrum auction, says India Ratings ahead of the Union Budget amid concerns over the fiscal consolidation roadmap.

"There is a possibility of government making a windfall gain in its non-tax revenue account in case the spectrum sale takes place in FY17. This may help the government to adhere to 3.5%

fiscal deficit target of FY17, despite the burden of implementing seventh central pay commission award," it said in a note.

Implementing the recommendations of 7th Pay Commission, suggesting 23% hike in government staff's salaries, is expected to dent the fiscal math by 0.6% of GDP, which has resulted in high

speculation over the strategy Finance Minister Arun Jaitley adopts in the Budget 2016-17, to be presented on Monday.

Some analysts are saying that the government may yet again opt for stretching the target, and pegging 3.8-3.9% as the likely number.

The domestic ratings agency said that the Indian industry will also be keenly looking at the fiscal stance of the government, specifically for details on how additional spending can result

in more capital investments.

It flagged that while capital expenditure increased in FY15's revised estimates, it is still stuck at 1.7% of the GDP and there is a need to push it to 2%.

It said there is a likelihood of fiscal slippage in the current fiscal to 4.1% (as against the targeted 3.9%) due to lower than anticipated GDP growth. 

DNA Verified: Is Turkish President Recep Tayyip Erdogan seriously ill? Truth is...

Meet actor, with over Rs 3000 crore net worth, business partners with Sunil Gavaskar, Tendulkar, Dhoni, his name is..., not Shah Rukh Khan, Amitabh Bachchan

Meet superstar's wife, daughter of a millionaire, who never acted in films, is successful businesswoman with over Rs 300 crore net worth, her husband is..

This airline to shut down soon, will lay off 500 employees, affected staff will be offered..., is closing due to...

This actor played cupid in Asin and Rahul Sharma's love story, got them married; he is worth Rs 2500 crore

Meet man who worked as watchman after father's death, later followed his brother's footsteps, cracked CAT, now studying at this IIM college, he is from..., his name...

No ticket is needed to travel on this train, passengers have been travelling for free for 75 years, it runs from..., its schedule, station are, it's name is...

26 degrees in Japan, 23 in Italy, 21 is US, here's why AC's minimum temperature in India might not go below 20 degrees Celsius

Bollywood's renowned hairstylist died after Amitabh Bachchan's haircut, his son just had Rs 13 in his account, now charges Rs 1 lakh for single sitting, he is..

Meet 11-year-old YouTube star who is giving tough competition to MrBeast, has over 135 million subscribers, earns around..., is from...

Shilpa Shetty gets in verbal spat with tourist in Croatia? Viral video leaves the internet divided

This film, rejected by Sridevi, made Raveena Tandon a superstar, became second highest-grossing Indian film of 1994, earned 6 times its budget, movie was..

Navjot Singh Sidhu charges this whopping amount to return to The Great Indian Kapil Show 3

ChatGPT-maker OpenAI signs massive deal with Google amid fierce AI competition, it is...

COVID-19 in India Live updates: Active tally nears 7000-mark, 324 fresh cases, 3 deaths reported, check latest update here

Meet man who ditched family's iron and steel business, started his own company with Rs 5000 investment, now earns Rs 70 crore annually, he is...

Raja Raghuvanshi murder case: What was Sonam Raghuvanshi's alleged lover Raj Kushwaha's monthly salary? Report claims it is Rs...

Pakistan's close friend Turkey is battling big crisis, is on top of this list as it has one of world's highest...

Big update on Indian astronaut Shubhanshu Shukla's Axiom-4 mission, launch postponed as SpaceX detects...

This actress' mother abused her, she fell in love with 35-year-old married man at 15, attempted suicide; she is now...

Another big move by Anil Ambani, Reliance Infrastructure signs Rs 10000 crore deal with this company, will manufacture...

Meet man, who once worked as newspaper boy, grew up in orphanage, became IAS officer without clearing UPSC examination, he is..., he is from...

Meghalaya murder case: Sonam Raghuvanshi allegedly paid a large sum of Rs... to contract killers for husband Raja Raghuvanshi's murder, police say...

'We are shattered, cried...': Puja Banerjee, Kunal Verma lose their entire-life saving after a close friend cheats them

Vatsal Sheth, Ishita Dutta become parents to baby girl: 'Our family is now complete'

Delhi weather update: IMD issues orange alert as heat wave hits Delhi-NCR, maximum temperature to reach...

Protests intensify in Los Angeles after Donald Trump deploys hundreds of National Guard troops, here's what we know so far

Meet world’s youngest self-made female billionaire, a college dropout, who still drives old Honda, her net worth is Rs...; runs business of...

Rs 13 lakh a year needed': LinkedIn user breaks down cost of raising single child, says, ‘Indians need to have a salary of Rs...’

Meet woman who leads MS Dhoni's Rs 800 crore empire, very close to Sakshi Dhoni, not her sister, friend, she is...

Meet actress who starred opposite Shah Rukh Khan, later quit films, married to businessman, now back into spotlight with Rs 400 crore...

WTC 2025 Final: Best picks of possible XI for Australia vs South Africa's match at Lord's

Meet woman, IIM graduate, who used to earn Rs 200 crore, top US company wanted to hire her, her net worth is Rs...

Meet man, son of acclaimed Indian film director, contesting election to become New York City's first-ever Muslim mayor

Who is Khaby Lame? World's most-followed TikToker now forced to leave US, reason is...

Enrique Iglesias to perform in India after 13 years, check date, venue, ticket cost; here's everything you need to know about his concert

Woman in Karnataka files case alleging neighbour stole her cat, High Court says...

Pakistani man brutally stabs wife to death in Navi Mumbai flat, what he does next will shock you

US President Donald Trump's BIG move, imposes ban on THESE countries for..., know details

DNA TV Show: What's happening in Los Angeles as Donald Trump deployed 2000 National Guard troops

Thug Life box office collection day 6: Kamal Haasan film set to become one of the biggest flops, fails to earn even Rs 2 crore

Big action against IAS Dhiman Chakma, days after being caught accepting Rs 10 lakh bribe: 'He shall not...'

Pakistan's Mohammad Rizwan, Shaheen Afridi among first 15 overseas draft for Big Bash League 2025

Housefull 5 box office collection day 5: Akshay Kumar, Riteish Deshmukh, Abhishek Bachchan film races towards Rs 200-crore mark globally, earns Rs...

Delhi NCR Weather: Delhi records season's hottest day as temperature reaches...; IMD forecast says rain expected after THIS date

Amitabh Bachchan felt 'so bad' for doing a film with Aishwarya Rai, Vivek Oberoi: 'I don't get along with...'

RCB owners finally break silence over reports claiming sale of franchise after maiden IPL title win, says 'would like to clarify that...'

Meghalaya honeymoon murder case: In last phone call with mother, Raja Raghuvanshi said...

Aamir Khan reviews son Junaid Khan's performance in Maharaj, Loveyapa: 'He doesn't know how to..., he can't....'

Fertility rate declines amid population hitting 1.46 billion in India, UN says answer lies in...

Anil Ambani's company signs big Rs 10000 crore defence pact with German firm, set to manufacture...

‘Never posted...’: Elon Musk dismisses his AI chatbot Grok’s remarks sparking controversy alleging him stealing...

8 friends on picnic drown while taking bath in river in Rajasthan, 3 rescued

CONFIRMED! Australia, South Africa reveal Playing XI for WTC Final 2025: Check inside

Rs 200,000 for donkeys! Chinese obsession behind disappearance of lakhs of this animal because...

Viral Video: Apple Store, Jordan Flagship store looted in Los Angeles amid anti-ICE protest, WATCH

Delhi Cabinet takes BIG decision on school fee hike, govt to impose...; check details

Mumbai-Nagpur Expressway: Travel time reduced to just 8 hrs, check toll prices, speed limits and more

Remember Ali Haji? Aamir Khan, Kajol's son in Fanaa, worked in Salman Khan's Partner; here's how handsome he looks now

From CWC 2015 to 2023 World Cup: A look at unbeaten trio of Cummins, Hazlewood and Starc ahead of WTC 2025 Final

Hospital meal shocks patient which came with...; video goes viral

Meet man who studied at IIT Kanpur, worked closely with Ratan Tata for decades, his salary is Rs 265000000, now leads company worth Rs...

BIG blow to Pakistan? China may join hands with India after THIS country takes initiative

Where to Buy Clenbuterol Online in 2025 — Fast US Shipping & Smart Savings

Strawberry Moon 2025: When and how to watch this rare celestial event in India, know tips for best view

Google launches new special feature in Gemini amid ChatGPT global outage; check eligibility, details here

Pawan Kalyan, Bobby Deol-starrer Hari Hara Veera Mallu to not hit theatres this Friday, new release date...

Netherlands’ museum displays 200-year-old condom, a 19th century satire on... with a sharp message in unique exhibition titled...

Kwikpic’s AI Technology Redefining the Way Event and Wedding Photos Are Shared

Anil Ambani's company's shares hit fresh high of Rs...; market cap now reaches Rs...

Meet actress, who became star at 16, worked with Rajinikanth, Mohanlal, Mammootty, died by suicide at 34 after...

WATCH: Monkey kisses goodbye to caretaker at his funeral, heartwarming video goes viral

Shah Rukh Khan and Gauri Khan rent flat for household staff for monthly rent of...., its located in..

All you need to know about Coronavirus: Origin, discovery, carriers, what can it do to humans, WHO says...

Deepika Padukone makes big announcement after leaving Prabhas, Sandeep Reddy Vanga's Spirit for Allu Arjun, Atlee's film: 'I've experienced firsthand...'

ChatGPT down: Several users unable to access AI chatbot, say, 'No model is working'

The sleep crisis India isn’t talking about— A nation awake is a nation at risk

After leading CSK in IPL 2025, Ruturaj Gaikwad to head to England to join...

Karan Johar breaks his silence on feud with Kartik Aaryan, removing him from Dostana 2: 'He and I...'

Thug Life box office collection day 5: Kamal Haasan, Mani Ratnam film crashes on first Monday, earns just Rs...

Plutus Education Launches DIBO: Building Talent for a Booming Investment Banking Operations Market

Delhi NCR weather update: IMD issues Red Alert as heatwave scorches city, rain expected on...

Meet star who helped Shah Rukh Khan when he was struggling, offered him food; his name is...

Good news for Gautam Adani as Adani Power shares over 6%, market cap climbs to Rs...

Australia vs South Africa: What happens if WTC Final gets washed out or ends in draw or tie?

Meet Hollywood's richest man who has net worth over Rs 71,730 crore, not Tom Cruise, The Rock, his name is....

Austria: At least 9 dead, several injured after shooting rampage at school

Meet man, son of farmer, grew up in poverty, cracked UPSC exam with AIR..., now holds this prestigious position

Amitabh Bachchan's superhit song from 44 years ago which left Jaya Bachchan fuming, she said 'Amitji does not look like...', film was..., song was..

Pakistan under burden of ...of external debt, misses most growth targets, increases defence budget by...

Live Close to Nature at Unnati – A Unique Farm-Inspired Community by Hosachiguru

'If they are deep in Pakistan, we will go...': EAM S Jaishankar gives chilling warning of retribution over terror attacks

Virat Kohli's RCB to get new owner? Report claims..., it's current valuation is Rs...

Sonali Bendre addresses link-up with Raj Thackeray, her cryptic response leaves netizens confused: 'Kehna kya chahte ho'

Indian astronaut to carry out experiments on THESE animals on how to absorb radiation, survive nuclear war

Lost his wife, drowned in debt, then got married to a..., is now owner of property worth Rs 40000000000

Mukesh Ambani and Nita Ambani's son Akash Ambani's video romancing Shloka Mehta at a friend's wedding goes viral: Watch

LSG star Rishabh Pant bounces back after poor IPL 2025 stint, breaks Lord's roof during practice session with sixer ahead of England Test series; watch

Pakistan still in fear after India's Brahmos attack in Operation Sindoor, seeks help from these two nations for air defence, they are...

Meet woman, who left her home at 15, slept at railway station, earned just Rs 20 per day, now runs Rs 104 crore company, her name is..., business is..