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Fiscal Deficit

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ASSOCHAM moots 16- projects for implementation

Aug 26, 2014 at 12:22 | Source: Assocham

On the eve of completion of NDA s 100-days in government, industry body ASSOCHAM while welcoming the Prime Minister s shifting focus more on execution has stated that the next Budget (2015-16) should not be assessed on the financial numbers but the ...

Economy to grow by 5.8%, Govt to exit diesel subsidy soon: Finance Secretary

Aug 23, 2014 at 00:52 | Source: Assocham

With fast improving macro picture, the Indian economy will achieve a growth rate of 5.8 per cent in the current financial year while the fiscal situation is set to improve considerably with the government expected to completely exit subsidy on diese...

Green shoots of recovery: Indian economy could grow around 5.8%, says Arvind Mayaram

Aug 22, 2014 at 14:45 | Source: Economic Times

NEW DELHI: India's economy could expand around 5.8 per cent this fiscal, finance secretary Arvind Mayaram said, as he sees green shoots in the industrial sector and expects recent government steps to act as growth boosters. Government measures and ex...

RBI tracks rebound route

Aug 22, 2014 at 09:22 | Source: Calcutta Telegraph News

Mumbai, Aug. 21: The Reserve Bank of India today projected a GDP growth of 5.5 per cent this year — signalling a break from the sub-5 per cent growth in the preceding two years — which would propel the stuttering Indian economy “fr...

Green shoots of recovery: Indian economy could grown around 5.8%, says Arvind Mayaram

Aug 22, 2014 at 09:22 | Source: Economic Times

NEW DELHI: India's economy could expand around 5.8 per cent this fiscal, finance secretary Arvind Mayaram said, as he sees green shoots in the industrial sector and expects recent government steps to act as growth boosters. Government measures and ex...

Aditya Puri, HDFC Bank: Worst is over for Indian economy; Modi govt's measures make prospects bright

Aug 20, 2014 at 13:42 | Source: Economic Times

In a chat with ET Now, Aditya Puri, MD, HDFC Bank, shares his macroeconomic and business outlook. Excerpts: ET Now: The new government has come in, the budget is also out of the way. Do you think that the government is making the right noises and co...

Crude fuels diesel decontrol hope

Aug 20, 2014 at 04:22 | Source: Calcutta Telegraph News

New Delhi, Aug. 19: The softening of global crude prices to about $100 per barrel will help the government cut the oil subsidy bill and deregulate diesel prices. According to petroleum ministry estimates, the oil subsidy can be trimmed around Rs 6,0...

Narendra Modi-backed five-member think tank to replace Planning Commission

Aug 18, 2014 at 14:02 | Source: Economic Times

NEW DELHI: A small, handpicked, five-member think tank, which will draw its power and prestige from Prime Minister Narendra Modi's clear backing, is likely to replace the Planning Commission. The new panel will most likely be led in an executive capa...

Narendra Modi-backed five-member think tank likely to replace Planning Commission

Aug 18, 2014 at 04:52 | Source: Economic Times

NEW DELHI: A small, handpicked, five-member think tank, which will draw its power and prestige from Prime Minister Narendra Modi's clear backing, is likely to replace the Planning Commission. The new panel will most likely be led in an executive capa...

S P evaluating Narendra Modi government's policies for rating change

Aug 18, 2014 at 04:17 | Source: Economic Times

NEW DELHI: Global rating agency Standard & Poor's has said it evaluating policies of the Narndera Modi- led BJP government for a review of India's sovereign rating, now pegged at the lowest investment grade. "...we are evaluating the new government'...

Lower Oil Prices May Ease Jaitley's Fiscal Deficit Challenge

Aug 13, 2014 at 18:00 | Source: NDTV Profit

Crude oil prices fell to a 13-month low on Tuesday with the benchmark Brent crude below $103. Oversupply concerns and lowering of global oil demand from International Energy Agency have outweighed worries over supply from the Middle East. For India&a...

Finance Ministry officials meet S P team for rating review

Aug 13, 2014 at 12:07 | Source: Economic Times

NEW DELHI: The government has made a strong case for better credit rating for India before a visiting team of Standard & Poor's analysts, citing gathering economic recovery and strong commitment to fiscal consolidation. S&P has a negative outlook on ...

Is it the right time to invest in income and gilt funds?

Aug 12, 2014 at 15:25 | Source: Economic Times

No one was expecting a rate cut from the Reserve Bank of India (RBI) in its latest monetary policy review. Despite this, post the review meet, the debt market reacted negatively. RBI appeared a bit more hawkish this time and reiterated that rate cuts...

Jaitley rate cut nudge to RBI Policy of inflation control on test

Aug 11, 2014 at 09:47 | Source: Calcutta Telegraph News

New Delhi, Aug. 10: The Narendra Modi-government wants the Reserve Bank to cut rates to help ease the economy, struggling to get over a two-year slowdown. After a meeting with the RBI board, where a new monetary policy framework, including measures ...

Apex bank to the rescue once again

Aug 11, 2014 at 09:47 | Source: Calcutta Telegraph News

Mumbai, Aug. 10: The Reserve Bank of India has stepped forward once again to prop up the foundations of the government’s resource base. On Sunday, the central board of directors of the RBI approved the transfer of surplus amounting to Rs 52,67...

Credible policies can strengthen India's immunity: RBI governor Raghuram Rajan

Aug 07, 2014 at 12:42 | Source: Economic Times

Raghuram Rajan's mission is not just bringing down inflation with an iron hand, but improving the entire financial system. In an interaction with select journalists, Rajan says why he would not target foreign exchange reserves, or currency levels, bu...

Spending cut may not adversely impact growth: Goldman Sachs

Aug 07, 2014 at 07:27 | Source: Economic Times

MUMBAI: Wall Street brokerage Goldman Sachs today said the government's resolve to narrow fiscal deficit will not have any adverse impact on growth if done appropriately. "Fiscal consolidation could remove what has been a key macro vulnerability for...

Goldman Says Spending Cut May Not Adversely Impact Growth

Aug 07, 2014 at 03:53 | Source: NDTV Profit

Mumbai: Wall Street brokerage Goldman Sachs today said the government's resolve to narrow fiscal deficit will not have any adverse impact on growth if done appropriately. "Fiscal consolidation could remove what has been key macro vul...

Fiscal deficit of 4.1% an ambitious target: Raghuram Rajan

Aug 07, 2014 at 02:07 | Source: Economic Times

NEW DELHI: Reserve Bank Governor Raghuram Rajan today said 4.1 per cent fiscal deficit goal set by the government for the current fiscal is an "ambitious target". "4.1 per cent is an ambitious target. The government will achieve it if it does want. I...

Goldman Sachs says spending cut may not adversely impact growth

Aug 07, 2014 at 02:07 | Source: Economic Times

MUMBAI: Wall Street brokerage Goldman Sachs today said the government's resolve to narrow fiscal deficit will not have any adverse impact on growth if done appropriately. "Fiscal consolidation could remove what has been a key macro vulnerability for ...

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