https://www.taxtmi.com/news?id=15754 The fiscal deficit target for 2015-16 appears achievable due to stronger revenue-particularly buoyant indirect taxes and excise measures-higher capital plan expenditure, lower subsidies led by a fall in petroleum subsidy, and increased untied transfers to states, while risks from slower nominal growth and added expenditure pressures require improved tax compliance, subsidy targeting, and quality-focused expenditure management to sustain fiscal consolidation. en-us Fri, 26 Feb 2016 15:00:30 +0530 Fri, 26 Feb 2016 15:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15754 The fiscal deficit target for 2015-16 appears achievable due to stronger revenue-particularly buoyant indirect taxes and excise measures-higher capital plan expenditure, lower subsidies led by a fall in petroleum subsidy, and increased untied transfers to states, while risks from slower nominal growth and added expenditure pressures require improved tax compliance, subsidy targeting, and quality-focused expenditure management to sustain fiscal consolidation. News - Fri, 26 Feb 2016 15:00:30 +0530 https://www.taxtmi.com/news?id=15754