Source:Economic Times - NEW DELHI: The unprecedented spending cut ordered by the finance ministry last week has left officials at other ministries and departments fuming but North Block is in no mood to relent. The drastic reduction could even see the fiscal deficit contract to 4.5-4.6% of GDP
4.36 PM Jan 20th
Source:The Hindu BusinessLine - The US Senate voted 72 to 26 late on Thursday in favour of a massive Government spending bill that avoid another Government shutdown until at least October. The $1.1 trillion bill, which eases tough spending cuts in place since March 2013, overwhelmingly passed
1.19 PM Jan 17th
with 94 % of budgeted resource is already used..and spending cuts is used to bring down the CAD, what is the benefit of going for a interim budget. Better would be to call for an early election to prevent further drift to broader economy and attempt some thing more credible.
5.41 PM Jan 2nd
Source:The Hindu BusinessLine - US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332—94. The measure
2.38 PM Dec 13th 2013
Source:NDTV Profit - Washington: A breakthrough budget deal that avoids a government shutdown in January and blunts automatic spending cuts easily won passage in the U.S. House of Representatives on Thursday, setting the stage for nearly two years of fiscal peace in
11.54 AM Dec 13th 2013
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