The deficit for the period was more than Rs 6.51 lakh crore while the budget estimate has been pegged at Rs 7 lakh crore. Windfall gain from the Reserve Bank of India (RBI) helped the government to limit its fiscal deficit to 92.6% during first six months (April-September) of the current fiscal 2019-20.
Fiscal Deficit means difference between income and expenditure of the government and normally it is bridged by market borrowing. The government intends to keep the deficit to 3.3% of the GDP (Gross Domestic Products).
Container Corporation of India (Concor) will have to sell its stakes in two key port terminals ahead of a planned privatisation of the state-owned rail hauler by the government to avoid complications associated with the deal.
The last leg of the Eastern Dedicated Freight Corridor (EDFC),from Sonnagar to Gomoh, may get a fresh lease of life now, with the Dedicated Freight Corridor Corporation of India (DFCCIL) initiating talks with corporates to develop the stretch on a public private partnership (PPP) model.
At least 23 domestic and global private sector majors including Reliance Industries (RIL), Tata Projects, Adani Ports and Logistics, GMR Infrastructure, Mitsui, Siemens, and KEC International participated in a roadshow held by DFCC in Delhi. In addition to infrastructure players, consumers such as NTPC and financing agencies such as the World Bank and Japan International Cooperation Agency (JICA), were also part of the meet.
ReNew Power has joined the global club of top renewable power generation companies by becoming the eleventh firm to reach 5,000 megawatt (Mw) of installed capacity. Of this, 3,100 Mw is wind and 1,900 Mw is solar.