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Fiscal Deficit

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If GDP rose sharply to 6.9 percent in 2013-14, how did UPA lose badly?

Jan 31, 2015 at 14:25 | Source: FirstPost

The sharp revision of GDP growth in 2013-14 using the new gross value-added (GVA) method of calculation, from the earlier figure of 4.7 percent to 6.9 percent, is likely to lead to the usual political slug-fest with the Congress claiming it did much ...

If GDP rose sharply to 6.9 percent in 2013-14 , why did UPA lose badly?

Jan 31, 2015 at 12:49 | Source: FirstPost

The sharp revision of GDP growth in 2013-14 using the new gross value-added (GVA) method of calculation, from the earlier figure of 4.7 percent to 6.9 percent, is likely to lead to the usual political slug-fest with the Congress claiming it did much ...

Fiscal deficit overshoots full-year target in December

Jan 31, 2015 at 00:15 | Source: FirstPost

NEW DELHI (Reuters) - India's fiscal deficit overshot the full-year target in December as the gap swelled to 5.32 trillion rupees ($85.90 billion), or 100.2 percent of the target for the fiscal year ending in March, government data showed on Friday.T...

Record Coal India share sale boosts privatisation drive

Jan 30, 2015 at 23:22 | Source: FirstPost

MUMBAI (Reuters) - India has raised about $3.6 billion by selling a 10 percent stake in state-run Coal India Ltd in the largest ever equity deal in the local market, giving a welcome boost to the government's faltering divestment drive.The share sale...

Govt faces tough time as fiscal deficit overshoots budget target

Jan 30, 2015 at 20:21 | Source: FirstPost

New Delhi: India's fiscal deficit overshot the budget estimate of Rs 5.31 lakh crore by December-end and may prompt the government to take tough steps in the remaining part of 2014-15 to restrict it to 4.1 percent of GDP.As per the data released by C...

At 6.9% growth, new GDP calculation method gives Chidambaram's budget a post-facto boost

Jan 30, 2015 at 19:40 | Source: FirstPost

The new method to calculate the country's GDP by changing the base year for computing national accounts has pushed up the economic growth rate for 2013-14 to 6.9 percent, while earlier estimate on the basis of old series was 4.7 percent. This would o...

At 6.9% growth, new GDP formula gives Chidu's budget a post-facto boost

Jan 30, 2015 at 19:40 | Source: FirstPost

The new method to calculate the country's GDP by changing the base year for computing national accounts has pushed up the economic growth rate for 2013-14 to 6.9 percent, while earlier estimate on the basis of old series was 4.7 percent. This would o...

Golden eggs in advance: Coal India share sale should go smoothly, with little help from LIC

Jan 30, 2015 at 09:05 | Source: FirstPost

The Modi government plans to offload a 10 percent stake in Coal India today(30 January), raising a potential Rs 22,000-24,000 crore in one go. This will be nearly half the total money of Rs 43,425 crore the budget had pencilled in for raising through...

Coal India stake sale today, floor price fixed at Rs 358

Jan 30, 2015 at 09:05 | Source: FirstPost

New Delhi: Government today fixed Rs 358 a share as the floor price for up to 10 percent stake sale in Coal India tomorrow, which may help the exchequer garner about Rs 22,600 crore in the biggest sale of shares.The floor price or minimum selling pri...

Coal India stake sale tomorrow; floor price fixed at Rs 358

Jan 29, 2015 at 19:31 | Source: FirstPost

New Delhi: Government today fixed Rs 358 a share as the floor price for up to 10 percent stake sale in Coal India tomorrow, which may help the exchequer garner about Rs 22,600 crore in the biggest sale of shares.The floor price or minimum selling pri...

Golden eggs in advance: Coal India share sale should go through, with little help from LIC

Jan 29, 2015 at 14:45 | Source: FirstPost

The Modi government plans to offload a 10 percent stake in Coal India tomorrow (30 September), raising a potential Rs 22,000-24,000 crore in one go. This will be nearly half the total money of Rs 43,425 crore the budget had pencilled in for raising t...

Golden eggs in advance: In current market, Coal India share sale should go through

Jan 29, 2015 at 13:55 | Source: FirstPost

The Modi government plans to offload a 10 percent stake in Coal India tomorrow (30 September), raising a potential Rs 22,000-24,000 crore in one go. This will be nearly half the total money of Rs 43,425 crore the budget had pencilled in for raising t...

3G spectrum: Era of cheap prices is over; telcos have to change their business models

Jan 29, 2015 at 12:27 | Source: FirstPost

The Union cabinet's decision to keep the reserve price for 3G spectrum at Rs 3,705 crore per Mhz in the 2,100 Mhz band for auctions scheduled to begin on 4 March is probably the right call. One says probably because no one can predict where prices wi...

Divestment on fast-track: Govt to sell 10% in Coal India for Rs 24,000 cr on Jan 30

Jan 29, 2015 at 10:35 | Source: FirstPost

New Delhi: In the country's biggest share sale ever, the government will sell up to 10 percent stake in Coal India Ltd to raise about Rs 24,000 crore on Friday.The government will sell 31.58 crore shares, or five percent stake, in a public offer, wit...

Divestment on fast-track: Govt to sell 10% in Coal India for Rs 24,000 cr by Jan 30

Jan 29, 2015 at 08:21 | Source: FirstPost

New Delhi: In the country's biggest share sale ever, the government will sell up to 10 percent stake in Coal India Ltd to raise about Rs 24,000 crore on Friday.The government will sell 31.58 crore shares, or five percent stake, in a public offer, wit...

Government makes push to boost revenue as deficit deadline nears

Jan 28, 2015 at 23:15 | Source: FirstPost

NEW DELHI/MUMBAI (Reuters) - The government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit.Prime Mi...

Fiscal targets likely to be met, manufacturing sector reviving: Arun Jaitley

Jan 28, 2015 at 07:28 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley today said fiscal deficit targets for current year are likely to be met and manufacturing sector is showing turnaround signs."Even though the revenues have been challenging due to slow manufacturing indus...

India postpones mobile airwave auction to March 4

Jan 27, 2015 at 23:45 | Source: FirstPost

MUMBAI (Reuters) - The government has postponed until March 4 the auction of mobile phone airwaves through which it is expected to raise $10 billion, according to a government notice on Tuesday.The auction was slated to start on Feb 25. (bit.ly/1LepC...

Centre defers spectrum auction by a week to 4 March

Jan 27, 2015 at 19:31 | Source: FirstPost

New Delhi: Government today deferred the telecom spectrum auction by a week to 4 March, while the deadline for bidders to submit applications has been extended to 16 February.The changes were uploaded on the Department of Telecom website as first ame...

Fiscal targets likely to be met, manufacturing sector reviving: Jaitley

Jan 27, 2015 at 15:59 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley today said fiscal deficit targets for current year are likely to be met and manufacturing sector is showing turnaround signs."Even though the revenues have been challenging due to slow manufacturing indus...

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