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Fiscal Deficit

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Govt pockets fuel gain Duty hike to trim deficit

Nov 14, 2014 at 03:51 | Source: Calcutta Telegraph News

New Delhi, Nov. 13: The government has raised the excise duty on petrol and diesel to boost revenues and contain budget borrowing. However, consumers will not have to foot a bigger bill as the oil companies have decided to adjust prices this weekend...

Coal strike on Nov 24

Nov 01, 2014 at 12:17 | Source: Calcutta Telegraph News

Calcutta, Oct. 31: Coal India’s unions are planning to go on strike on November 24 to protest the government’s decision to enact the Coal Mines Ordinance 2014, which allows commercial mining by private companies and divestment of at leas...

India bans first-class air travel for officials

Oct 31, 2014 at 12:22 | Source: BBC

India's government has banned first class air travel for bureaucrats, meetings in five-star hotels and purchases of cars in a series of tough austerity measures. The moves are aimed at achieving a fiscal deficit target of 4.1% of the gross domes...

Entire black money list out today: Modi Sarkar may have got what it wanted

Oct 29, 2014 at 09:49 | Source: FirstPost

The Supreme Court, miffed over the fact that the government has disclosed only three names from the famous HSBC Bank list of 700 Indian Swiss bank account holders, has ordered the government to give it the entire list today(29 October).The government...

Entire black money list out today: Modi govt may have got what it wanted

Oct 29, 2014 at 08:45 | Source: FirstPost

The Supreme Court, miffed over the fact that the government has disclosed only three names from the famous HSBC Bank list of 700 Indian Swiss bank account holders, has ordered the government to give it the entire list today(29 October).The government...

Full black money list today: Modi govt may just be pleased with SC order

Oct 29, 2014 at 07:53 | Source: FirstPost

The Supreme Court, miffed over the fact that the government has disclosed only three names from the famous HSBC Bank list of 700 Indian Swiss bank account holders, has ordered the government to give it the entire list today(29 October).The government...

Full black money list tomorrow: NDA may not be displeased with SC order

Oct 28, 2014 at 19:10 | Source: FirstPost

The Supreme Court, miffed over the fact that the government has disclosed only three names from the famous HSBC Bank list of 700 Indian Swiss bank account holders, has ordered the government to give it the entire list tomorrow (29 October).The govern...

Full black money list tomorrow: Maybe this is what Modi government wanted

Oct 28, 2014 at 18:44 | Source: FirstPost

The Supreme Court, miffed over the fact that the government has disclosed only three names from the famous HSBC Bank list of 700 Indian Swiss bank account holders, has ordered the government to give it the entire list tomorrow (29 October).The govern...

Start promises more fireworks

Oct 24, 2014 at 07:27 | Source: Calcutta Telegraph News

Mumbai, Oct. 23: Watch out for some bang on the bourses in Samvat 2071 — that was the predominant sentiment as Dalal Street rang in the new year with the traditional Muhurat trading. At the current levels equities look fairly priced and the BS...

Twin hurdles to ONGC share sale

Oct 13, 2014 at 12:47 | Source: Calcutta Telegraph News

New Delhi, Oct. 12: The stake sale in state-owned ONGC could be pushed back to the end of the current quarter on account of a lack of clarity on new gas prices and the subsidy sharing formula. While the government has indicated that the new gas pric...

Rightist party seen winning Bulgaria's "last chance" election

Oct 06, 2014 at 00:45 | Source: FirstPost

SOFIA (Reuters) - The centre right GERB party looked set to win Bulgaria's "last chance" snap general election on Sunday but will fall short of a majority, a result that could mean another shaky coalition struggling to solve a bank crisis a...

Fed-up Bulgarian voters may fail to end political deadlock

Oct 05, 2014 at 09:15 | Source: FirstPost

SOFIA (Reuters) - Bulgarian voters fed up with political deadlock may end up with another shaky coalition after a snap election on Sunday, leaving the European Union's poorest member struggling to resolve a banking crisis and revive growth.Led by a f...

PM's US visit: Narendra Modi promises action to improve ease of doing business; invites US investors to invest in India

Oct 02, 2014 at 09:45 | Source: Economic Times

WASHINGTON: Prime Minister Narendra Modi declared that the government has no "business to be in business", possibly signalling a shift in his views on privatisation and strategic sales of public sector firms, as he urged American investors to come to...

Japan manufacturing confidence rebounds after sales tax

Oct 01, 2014 at 12:52 | Source: BBC

Japanese large manufacturers' confidence improved in the three months to September, according to a closely-watched central bank survey. The Bank of Japan's quarterly Tankan headline index rose by one point to plus-13 in September, outperfor...

S P upgrading India s outlook is a big positive: Bimal Jalan

Sep 26, 2014 at 17:42 | Source: Economic Times

ET Now caught up with Bimal Jalan, Former RBI Governor, for his views on India's ratings upgrade by S&P. Excerpts: ET Now: In two years, India's ratings outlook has been revised back to stable. Your take? Bimal Jalan: I am glad to hear that and it is...

S P revises India's sovereign credit outlook up to 'stable' from 'negative'

Sep 26, 2014 at 17:42 | Source: Economic Times

NEW DELHI: In a huge sentiment booster for India, S&P on Friday revised India's credit outlook up to 'stable' from 'negative'. While the agency maintained India's rating at BBB-, the revision in outlook will serve to be a positive for India. S&P said...

The fundamental road ahead for Indian markets post budget

Sep 12, 2014 at 05:17 | Source: Economic Times

By Aviral Gupta Union Budget was announced last week and the markets are off their highs - Nifty high at 7,809 and Sensex high at 26,190, down by some 4.5 percentage points. What should an investor do in such a scenario, an investor probably struck ...

Strong pitch for rating upgrade

Sep 09, 2014 at 08:47 | Source: Calcutta Telegraph News

New Delhi, Sept. 8: The finance ministry today made out a case for an upgrade of India’s sovereign ratings at a meeting with economists from rating agency Moody’s. The ministry argued that India was headed for a strong economic recovery ...

Government, RBI to devise monetary framework for central bank: Raghuram Rajan

Sep 07, 2014 at 17:07 | Source: Economic Times

NEW YORK: The government and the Reserve Bank of India will this year negotiate to formulate a monetary framework for the central bank that lays more emphasis on inflation, the bank's Governor Raghuram Rajan has said. "This year the government and t...

PM Narendra Modi's been lucky; now make it sustainable

Sep 07, 2014 at 12:31 | Source: Economic Times

When a general with excellent credentials was recommended for promotion, Napoleon asked "But is he lucky?" In politics, as in war, luck counts for a lot. Narendra Modi today is riding a wave of good luck. GDP growth in the April-June quarter hit 5.7%...

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