MUMBAI: Finance Minister Nirmala Sitharaman will present the budget for the next fiscal year on Wednesday.

India's federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said.

Sources have indicated the government is likely to meet its current year fiscal deficit target of 6.4% and move towards reducing it further in the coming year.

Here is a list of various stories done by Reuters in the run-up to the federal budget:

KEY STORIES

* India's 2023/24 budget likely to be cautious , cutting deficit 

* India may peg gross borrowing under 16 trillion rupees in 2023/24 - sources

* India may peg nominal GDP growth at about 11% in 2023/24 budget- sources

* India expected to cut gold import duty to sideline smugglers - sources

* India planning rate changes in new income tax structure - sources

* India plans cheaper finance, easier rules for small retailers - sources

* India to speed up deficit reduction as fiscal target looms

* India's direct tax growth momentum may be tough to sustain in FY24 - govt source

* India needs to invest up to $100 billion/yr more to achieve 2070 net zero goal - lawmaker

* India aims for $17 billion cut in food, fertiliser subsidies in 2023/24 - sources

* India's public capex may not need to expand at same pace in coming years

* India foodgrain subsidy bill to surge 30% to $33 billion this year - source

* India plans changes to capital gains tax structure in next budget - source

* India economy likely to grow 6.5%-7% next fiscal year - govt adviser

* India forms panel to revamp only govt job guarantee scheme - source

* India may boost rural spending next year to spur jobs, housing - source

* India govt to give additional funds for rural schemes to ease pain - source * India seeks to include steel in export incentive scheme – source

* ANALYSIS-Modi's popularity key to selling cut in food aid ahead of Indian elections

* ANALYSIS-Fall in India nominal GDP growth in FY24 to challenge fiscal math

* POLL - Budget discipline would give most support to Indian rupee

INDIA'S KEY ECONOMIC INDICATORS

* Economic growth to slow to 7% in 2022/23, govt forecasts

* April-Nov fiscal deficit touches $118 billion

* Retail inflation within RBI target zone for second month

* December wholesale inflation eases to a nearly 2-year low

(Compiled by Swati Bhat; Editing by Janane Venkatraman)