Indian Government contains fiscal deficit at 4%; beats its own target

[WAR-rior]

well you are again at it?? Dude Jaitley was pissing in pants about 4.1% because it was a very challenging and daunting task..no doubt about it, however that was still the target they accepted..no?? are you saying that during govt. formation they knew that oil prices will crash?? Giving zero credit to fiscal consolidation doesn't sound smart either to me...

They were never accepting it. They simply kept mum and said we will give our level best. You shud know the meaning of out on political terms. No doubt investments happened. No doubt initiatives were taken by only on one year crossing the target which was almost impossible has to be given to a unplanned factor. And that factor is oil.

For you info, the target was set at 3.9 % and it was revised to 4.1%.

Modi was blamed for resetting the target, now that he has over achieved; its because of OIL



Nah .... its all because of OIL



Yes.

Then there is no point is talking. Your yes goes against the norms of economics. And by ds way, nda accepted 4.3 as possible and 4.1 as challenging during the interim buget after elections. Request you to give figure of 3.9 accepted by Modi after election.

Anything good happens - thanks to oil prices ,anything bad happens - will modi answer ?

No dude. I am just saying not every good thing is coz of Modi.

 

[Echo_419]

Indirect tax collections jumped 46.2% in April - The Economic Times

Happened due to Oil prices
& today while I was taking a bath listening to music my phone fell & broke will modi answer

 

[uparyupari]

Then there is no point is talking. Your yes goes against the norms of economics. And by ds way, nda accepted 4.3 as possible and 4.1 as challenging during the interim buget after elections. Request you to give figure of 3.9 accepted by Modi after election.

India sets 2015/16 fiscal deficit target at 3.9 pct of GDP - The Times of India

Everything is possible when you try to achieve it and WANT to achieve it. For UPA everything was impossible.

No dude. I am just saying not every good thing is coz of Modi.

But in this case, it was because of Modi.

 

[jaatram]

Happened due to Oil prices
& today while I was taking a bath listening to music my phone fell & broke will modi answer

How will he answer when you can't even call him?

 

[uparyupari]

How will he answer when you can't even call him?

Twitter

 

[WAR-rior]

India sets 2015/16 fiscal deficit target at 3.9 pct of GDP - The Times of India

Everything is possible when you try to achieve it and WANT to achieve it. For UPA everything was impossible.



But in this case, it was because of Modi.

That's after the main budget only couple of months back. You need to go during the interim budget which happened after the elections. And your link proves that Modi gov't which unwillingly accepted congress challenge of 4.1% after elections was confident of 3.9% after 9 months. Now go and see which was the strongest factor in these. 9 months for this confidence. And dude, 3.9% from 4.3% cannot happen only coz of coal auctions. Now plz don't try to enforce that logic.

Happened due to Oil prices
& today while I was taking a bath listening to music my phone fell & broke will modi answer

And some people here thin indirect tax has nothing to do with import bills. RIP economics.

@uparyupari . Dude. You at actually acting like that riaz haq guy. You are trying to prove something of April 14 by giving links of Feb 15.

 

[uparyupari]

That's after the main budget only couple of months back. You need to go during the interim budget which happened after the elections. And your link proves that Modi gov't which unwillingly accepted congress challenge of 4.1% after elections was confident of 3.9% after 9 months. Now go and see which was the strongest factor in these. 9 months for this confidence. And dude, 3.9% from 4.3% cannot happen only coz of coal auctions. Now plz don't try to enforce that logic.

This is like talking to a brick wall. Lowering the fiscal deficit was part of the BJP manifesto and they will do it irrespective of oil prices.

If you are too stupid to understand this stop wasting my time.

Or do you think the BJP manifesto was written by the OIL Nations and the US ?

And some people here thin indirect tax has nothing to do with import bills. RIP economics.

@uparyupari . Dude. You at actually acting like that riaz haq guy. You are trying to prove something of April 14 by giving links of Feb 15.

RIP Intelligence.

 

[WAR-rior]

This is like talking to a brick wall. Lowering the fiscal deficit was part of the BJP manifesto and they will do it irrespective of oil prices.

If you are too stupid to understand this stop wasting my time.

Or do you think the BJP manifesto was written by the OIL Nations and the US ?



RIP Intelligence.

It was in their manifesto of five years. Manifestos aren't written for one year. This was never planned for a year but it happened within a year only coz of external factor . Regarding intelligence, let the members decide.

 

[uparyupari]

It was in their manifesto of five years. Manifestos aren't written for one year. This was never planned for a year but it happened within a year only coz of external factor . Regarding intelligence, let the members decide.

LOL. So what ? You have a problem that Modi fulfilled his manifesto in a year ?

When the FM has clearly outlined his plan to reduce deficit to 3% within a couple of years, in the parliament, you are saying we should take 5 years to do it ?

Are you Retarded ?

 

[Nicky G]

Revenue collection is still a big problem in India, we really need to step-up here, that will ease off the fiscal situation and provide more room for extra spending - be it defense, food security, education etc.

Decent start but unless we improve on revenue collection, only way to keep deficit down would be cutting spending. Not an ideal situation.

 

[uparyupari]

Better to increase the size of the Pie, than carve a bigger piece out of it.

Aim should be to keep tax at a minimum. Income Tax should be eliminated.

 

[WAR-rior]

LOL. So what ? You have a problem that Modi fulfilled his manifesto in a year ?

When the FM has clearly outlined his plan to reduce deficit to 3% within a couple of years, in the parliament, you are saying we should take 5 years to do it ?

Are you Retarded ?

Dude. Dont bullshit. Bhakts like u think that a manifesto of 5 years is fulfilled in 1 year than that has to be because of godly power of some leader. Sorry to break ur bubble but no matter how good a leader Modi is, there are rational people who dont take him as God.

there is something called rationality. Modi cud never have achieved his target to reduce fiscal deficit to current levels if he didnt get support of hugely decreased import bills.

Now u wud be utter foolish to negate that. Please try with some economical logic.

 

[Echo_419]

How will he answer when you can't even call him?

Twitter pe hai t
Na

 

[uparyupari]

Dude. Dont bullshit. Bhakts like u think that a manifesto of 5 years is fulfilled in 1 year than that has to be because of godly power of some leader. Sorry to break ur bubble but no matter how good a leader Modi is, there are rational people who dont take him as God.

there is something called rationality. Modi cud never have achieved his target to reduce fiscal deficit to current levels if he didnt get support of hugely decreased import bills.

Looks like you can see alternate futures too

what else can Modi do and cannot do ?

Now u wud be utter foolish to negate that. Please try with some economical logic.

You want me to negate you opinion that Modi is not god ?

or do you want me to negate your opinion that Modi can only do things that YOU THINK he can do ? :

I think your Stupidity is well established by now. Embrace your limitation and don't be ashamed that you are dim witted. All the best.

I could tell you about the logical fallacy of asking me to prove Non Existence, but I do not think you have the intelligence to understand what that means.

 

[deckingraj]

They were never accepting it. They simply kept mum and said we will give our level best. You shud know the meaning of out on political terms. No doubt investments happened. No doubt initiatives were taken by only on one year crossing the target which was almost impossible has to be given to a unplanned factor. And that factor is oil.

I am not sure what made you say the bold part however will this link help?? This is July 10, 14 when he was going for interim budget

Expert views: Jaitley sticks to fiscal deficit target of 4.1 pct| Reuters

As said no doubt oil played its part but denying fiscal prudence by the govt. is intellectual dishonesty...Raising taxes on oil products was a masterstroke by the govt., no?? Low oil prices saved lot of money however a substantial amount of it has been used for manufacturing gains, no?? Can we deny the role of exorbitant amount of money that has been pumped into Indian markets because of India's prospective growth story?? $3.65 billion is the amount that we got by auctioning coal mines...spectrum also in the similar ranges...

I will repeat once again...oil prices gave an opportunity, however that was not the only factor..also getting an opportunity is one thing en-cashing it is another, no??