Fiscal Deficit

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In growth push, govt to infuse Rs 70,000 cr into public sector bank over 4 years

Aug 01, 2015 at 09:04 | Source: FirstPost

New Delhi - Planning to inject $11 billion of capital into debt-laden state banks over the next four years, Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year.High le...

In growth push, Jaitley draws up Rs 70,000 cr capital infusion over 4 years

Aug 01, 2015 at 08:52 | Source: FirstPost

New Delhi - Planning to inject $11 billion of capital into debt-laden state banks over the next four years, Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year.High le...

L&T criticises unhurried reform pace as profit slides| Reuters

Aug 01, 2015 at 00:15 | Source: FirstPost

NEW DELHI/MUMBAI Industrial giant Larsen & Toubro Ltd (LART.NS) criticised on Friday the "unhurried pace" of government reforms for weakening investment in its home market, as it reported a 37 percent slide in first-quarter profit.Larse...

Government to sell 5 pct in Power Finance on Monday| Reuters

Jul 25, 2015 at 00:30 | Source: FirstPost

MUMBAI India will sell a 5 percent stake in state-run Power Finance Corp Ltd on Monday in a stock market transaction that could raise up to $267 million for the central government, as per the current market value.New Delhi will sell about 66 million ...

Nuclear deal: Opportunities and challenges for India, but Iran pipeline will be the clincher

Jul 15, 2015 at 12:57 | Source: FirstPost

The historic nuclear deal between Iran and six super powers on Tuesday will bring huge advantages to India though it also throws up a few challenges.Under the deal sanctions imposed by the United States, European Union and United Nations on Iran will...

UPA-nomics: High growth plus high inflation equals worse child malnutrition

Jul 10, 2015 at 13:55 | Source: FirstPost

One of the great myths about poverty alleviation and the elimination of hunger and malnutrition is that you have to keep throwing money at the problem. Being pro-poor means flinging money and schemes in the direction of the poor; the quality of the i...

Grexit is a painful process: Here are 5 steps that have to be taken post Greece's 'emphatic no'

Jul 07, 2015 at 17:40 | Source: FirstPost

The Greek no does not actually say that the people favour an exit, but merely that they are against bailout programmes that are skewed heavily against them. Logically this should lead to the path of exit unless the creditors are willing to ease condi...

Reality check: After Greece's overwhelming 'no', eurozone will have to shrink further

Jul 06, 2015 at 14:21 | Source: FirstPost

Greece's overwhelming "no" vote in the referendum on its creditors' demands is a lesson to present and future creators of global economic groupings: supra-national bodies must have supra-national authority to enforce their fiscal rules or e...

After Greece's overwhelming 'no', the eurozone will have to shrink further

Jul 06, 2015 at 12:55 | Source: FirstPost

Greece's overwhelming "no" vote in the referendum on its creditors' demands is a lesson to present and future creators of global economic groupings: supra-national bodies must have supra-national authority to enforce their fiscal rules or e...

After emphatic Greek 'no', the eurozone will have to shrink further

Jul 06, 2015 at 09:51 | Source: FirstPost

Greece's overwhelming "no" vote in the referendum on its creditors' demands is a lesson to present and future creators of global economic groupings: supra-national bodies must have supra-national authority to enforce their fiscal rules or e...

From PIGS to PIS: Here are three lessons to learn from a potential Grexit

Jun 30, 2015 at 12:30 | Source: FirstPost

Around five years ago, we heard that the European Union had developed porcine worries. The PIGS - Portugal, Italy, Greece and Spain - were seen as weak links in the union that could go bust due to living beyond their means. When Ireland was added to ...

From PIGS to PIS: Three lessons to learn from a potential Grexit

Jun 30, 2015 at 11:26 | Source: FirstPost

Around five years ago, we heard that the European Union had developed porcine worries. The PIGS - Portugal, Italy, Greece and Spain - were seen as weak links in the union that could go bust due to living beyond their means. When Ireland was added to ...

Grexit looms: Greece should not have been part of Eurozone in first place

Jun 30, 2015 at 09:37 | Source: FirstPost

In his wonderful book How to Speak Money British novelist John Lanchester defines Grexit as "the hypothetical exit of Greece from the Eurozone". This hypothetical situation may be soon upon us. The Eurozone consists of 19 European countries...

Grexit looms: Greece should not have been part of eurozone in first place

Jun 30, 2015 at 07:30 | Source: FirstPost

In his wonderful book How to Speak Money British novelist John Lanchester defines Grexit as "the hypothetical exit of Greece from the Eurozone". This hypothetical situation may be soon upon us. The Eurozone consists of 19 European countries...

Grexit: Greece in wrong place, it should not have been a part of eurozone

Jun 29, 2015 at 22:48 | Source: FirstPost

In his wonderful book How to Speak Money British novelist John Lanchester defines Grexit as "the hypothetical exit of Greece from the Eurozone". This hypothetical situation may be soon upon us. The Eurozone consists of 19 European countries...

Grexit: Greece is in the wrong place, it should not have been a part of eurozone

Jun 29, 2015 at 19:34 | Source: FirstPost

In his wonderful book How to Speak Money British novelist John Lanchester defines Grexit as "the hypothetical exit of Greece from the Eurozone". This hypothetical situation may be soon upon us. The Eurozone consists of 19 European countries...

LIC should ask itself who is the boss: The policyholder or Arun Jaitley

Jun 27, 2015 at 15:17 | Source: FirstPost

It is time for Finance Minister Arun Jaitley to start work on listing the public sector insurance behemoth, the Life Insurance Corporation (LIC) of India.Quite apart from the fact that the money obtained by offloading a portion of LIC will be useful ...

Delhi sees nearly 14% rise in per capita income

Jun 24, 2015 at 21:24 | Source: FirstPost

New Delhi: In reflection of growing economic prosperity of Delhiites, the per capita annual income in the national capital rose by nearly 14 percent to Rs 2.41 lakh in 2013-14 compared to the previous fiscal, which is almost three times the national ...

Path to 10% growth not impossible, says Jaitley

Jun 20, 2015 at 21:22 | Source: FirstPost

Washington: The path to 10 percent growth in Indian economy is not impossible, Finance Minister Arun Jaitley has said citing economic reforms, policy changes along with a good monsoon as the basis for his optimism."This (10 percent growth rate) ...

Gold bond scheme should work; you can take a punt at taxpayer's cost

Jun 20, 2015 at 14:33 | Source: FirstPost

The sovereign gold bond scheme announced two days ago by the government has a reasonable chance of working for one simple reason; it does not seek to separate you from the physical gold you own, but merely tries to lure those who see gold as a form o...

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