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Fiscal Deficit

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Fiscal picture is better than it seems; "achche din" may begin from end of 2015

Apr 17, 2015 at 19:30 | Source: FirstPost

The Union Budget announced a slight slowdown in the rate of fiscal correction this financial year, with the previous target of 3.6 percent fiscal deficit for 2015-16 being moderated to 3.9 percent of GDP (down from 4.1 percent last year).This slowdow...

India growth rate to touch 8% by 2017, says World Bank

Apr 15, 2015 at 08:45 | Source: FirstPost

Washington: The World Bank has predicted aGDP growth rate of 8 per cent for India by 2017 and said thata strong expansion in the country, coupled with favourable oilprices, would accelerate the economic growth in South Asia.In India, GDP growth is ex...

Feb IIP: Don't uncork the bubbly; output in March may yet be a shocker

Apr 13, 2015 at 17:21 | Source: FirstPost

If you are busy celebrating the spike in the Index of Industrial Production (IIP), which unexpectedly jumped by a perky 5 percent in February, dont run to uncork the bubbly. You could be in for a shock in March. It will require herculean efforts to g...

Live: No rate cut today but RBI says banks will be forced to bring down lending rates soon

Apr 07, 2015 at 11:55 | Source: FirstPost

11: 15 am The Reserve Bank of India kept interest rates on hold at 7.50 percent, waiting for more clarity on inflation after heavy rains raised uncertainty about food prices and seeking to grant banks more time to reflect its previous rate cuts."...

Live: RBI may keep rates unchanged; markets choppy ahead of policy review

Apr 07, 2015 at 10:31 | Source: FirstPost

RBI may keep rates unchanged; markets choppy ahead of policy review10:30 am The Reserve Bank of India (RBI) is expected to keep its benchmark interest rate on hold at 7.50 percent at a policy review on Tuesday, while signalling that it could act swif...

India may delay oil company share sales, threatening fund-raising target

Apr 02, 2015 at 19:58 | Source: FirstPost

New Delhi: India is likely to delay share sales in state-run oil firms ONGC and Indian Oil Corp by up to six months as low crude oil prices have hit their value, denting the chances of raising about $11 billion from such sales this financial year, tw...

Spectrum auction ends: Govt raises record Rs 1.10 lakh cr

Mar 26, 2015 at 10:27 | Source: FirstPost

India raised a record $17.6 billion ( Rs 1.10 lakh cr) from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, telecoms minister Ravi Shankar Prasad said on Wednesday.Prasad said the government...

India raises record $17.6 billion from telecom airwaves auction

Mar 25, 2015 at 23:15 | Source: FirstPost

MUMBAI (Reuters) - India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, telecoms minister Ravi Shankar Prasad said on Wednesday.Prasad said the government r...

Govt has drawn list of PSUs for strategic sale: Arun Jaitley

Mar 25, 2015 at 21:40 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley on Wednesday said the government has drawn a list of state-owned companies which will be put on block for strategic sale."A list has been drawn," he said in response to a question on the Budget propo...

Brazil's leader committed to austerity with social focus

Mar 25, 2015 at 04:31 | Source: FirstPost

BRASILIA (Reuters) - Brazilian President Dilma Rousseff said on Tuesday her government is firmly committed to fiscal adjustment but will not sacrifice social programs to balance its overdrawn public accounts."The government knows that the adjust...

Govt to borrow $57.83 bln in H1 of 2015/16

Mar 24, 2015 at 00:45 | Source: FirstPost

NEW DELHI (Reuters) - The government will borrow 3.60 trillion rupees ($57.83 billion) in the first-half of the fiscal year that begins in April, Finance Secretary Rajeev Mehrishi said on Monday.The amount borrowed in April-September would be 66.7 pe...

Finance ministry frontloads FY16 borrowing; RBI says huge supply of bonds

Mar 23, 2015 at 22:36 | Source: FirstPost

New Delhi: As they scotch murmurs of their 'differences' over public debt management, the government today frontloaded its market borrowing for next fiscal with plans to raise Rs 3.6 lakh crore in the first half, even as RBI voiced concern over a &qu...

No disconnect with RBI, government often consults central bank, says Jaitley

Mar 22, 2015 at 18:51 | Source: FirstPost

New Delhi: Scotching murmurs of differences between the government and the RBI over regulation of money market, Finance Minister Arun Jaitley today said there is no 'disconnect' between the two and hoped banks would follow the central bank in reducin...

Top India economic forecasters see no repeat of 2013 sell-off - Reuters poll

Mar 20, 2015 at 00:30 | Source: FirstPost

BENGALURU (Reuters) - India's economy is in much better shape to weather tighter U.S. monetary policy than it was two years ago, according to the economics team from ICICI Securities PD, the most accurate forecasters on Indian economic data in Reuter...

Mobile carriers stare at costly victory as bandwidth sale ends

Mar 19, 2015 at 01:30 | Source: FirstPost

MUMBAI (Reuters) - Cellphone operators are snatching up precious bandwidth in a government sale, paying top dollar for spectrum to roll out high-speed coverage across India. The fear among investors is that the companies' balance sheets may now be un...

Greece must implement structural reforms - Lagarde

Mar 17, 2015 at 01:30 | Source: FirstPost

NEW DELHI (Reuters) - Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently ne...

Jaitley says govt committed to ease processes to do business, sees 7.5% GDP this year

Mar 14, 2015 at 16:35 | Source: FirstPost

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.Launching the Union Bank of India (UK), a ...

Bullish Arun Jaitley sees India growing 7.5% this year, next year even faster

Mar 14, 2015 at 15:35 | Source: FirstPost

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.Launching the Union Bank of India (UK), a ...

Scam raj is over, BJP committed to making it easy to do business in India: Jaitley

Mar 14, 2015 at 14:13 | Source: FirstPost

Thegovernment is introducing changes to ease the process of doing business and attract investments in India while trying to rationalise and lower taxes, Finance Minister Arun Jaitley has said.He also said that the GDP growth rate this year would be 7...

Brazil government backers take to streets ahead of Sunday protests

Mar 14, 2015 at 07:46 | Source: FirstPost

RIO DE JANEIRO (Reuters) - Pro-government labour unions and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration.The leftist leader is ...

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