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Fiscal Deficit

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Economy can grow by 6.5% in 2014-15: Pronob Sen, Chairman, National Statistical Commission

Jul 31, 2014 at 01:52 | Source: Economic Times

NEW DELHI: Allaying fears of adverse impact of deficient monsoon on the economy, National Statistical Commission Chairman Pronob Sen today said the country's growth can be as high as 6.5 per cent in the current fiscal. Sen, who is a former chief sta...

No undue favour extended to any industry: Gujarat govt

Jul 28, 2014 at 09:17 | Source: FirstPost

New Delhi: Rejecting CAG's report which speaks of "undue favour and benefit" extended by the Gujarat government to Reliance and Esaar, the state government has claimed that no favour was given to any industry."No favours were made to a...

Finance Ministry to Pitch For Ratings Upgrade With S&P, Other Agencies: Report

Jul 27, 2014 at 15:59 | Source: NDTV Profit

New Delhi: Armed with budget proposals to bring down the fiscal deficit, the Finance Ministry will pitch for a ratings upgrade at a series of meetings with the global agencies in the next 2-3 months. "Representatives from Standard & ...

Jaitley to address RBI board: Will he outline steps taken to tackle fiscal deficit?

Jul 27, 2014 at 11:47 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitleywill address the board of the Reserve Bank here on August 9amid expectations that the central bank will complementgovernment actions by reducing rates to boost growth."The meeting has been scheduled for Au...

Immediately release spectrum available with Defence to garner additional revenues: ASSOCHAM plea to Government

Jul 21, 2014 at 14:02 | Source: Assocham

ASSOCHAM has suggested the Defence Ministry to release spectrum for commercial use minimum quantity of 112 MHz out of 500 MHz (900 MHz band type), 135 Mhz from 1650 MHz (1800 MHz band type) and 415 Mhz from 1320 MHz (2100 MHz band type) with a view ...

85% of CEOs say Jaitley's budget is pro-growth: Ficci Poll

Jul 15, 2014 at 18:22 | Source: FirstPost

New Delhi: Most CEOs polled by industry body Ficci described the recently unveiled maiden budget of the Narendra Modi-led government as "pro-growth", while expecting the government to push much-needed reforms to kickstart theinvestment cycl...

Govt considers selling 5% stake in ONGC, say sources

Jul 15, 2014 at 12:54 | Source: FirstPost

New Delhi: The government will decide next month whether to sell a 5 percent stake in state-run Oil and Natural Gas Corp, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.If completed, the sale ...

Opinion: Income Tax Cuts to Help Retail Sector

Jul 14, 2014 at 14:00 | Source: NDTV Profit

(Rahul Kakkad is senior tax professional at EY). Budget 2014 was looked upon as the primary opportunity for the new government to provide a boost to the economy while continuing to improve the state of the fiscal deficit. In this regard, there was ...

Betting on more investments: Arvind Mayaram says target of 4.1% fiscal deficit feasible

Jul 14, 2014 at 07:39 | Source: FirstPost

New Delhi: India's top finance ministry official said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 per cent of GDP are "very credible", despite criticism from ratings agencies that the number is opti...

Kotak Hopeful of Government Meeting Fiscal Deficit Target

Jul 13, 2014 at 19:59 | Source: NDTV Profit

Mumbai: Kotak Mahindra Bank's director, Uday Kotak has said the fiscal deficit target of 4.1 per cent for this fiscal is achievable provided the Finance Minister finds ways to increase revenue and not just by cutting expenditure. "I ...

This is the beginning of our journey, not the end: Jaitley on budget

Jul 13, 2014 at 17:49 | Source: FirstPost

New Delhi:Brushing aside criticism of not having done enough reforms in the Budget, Finance Minister Arun Jaitley has said this was the beginning of the journey and he did all he could do under the given circumstances."This is the beginning of o...

Finance Secretary Mayaram Defends 4.1 Per Cent Fiscal Deficit Target

Jul 12, 2014 at 19:59 | Source: NDTV Profit

New Delhi: Finance Secretary Arvind Mayaram has said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 per cent of GDP are "very credible", despite criticism from ratings agencies that the...

Infrastructure route to high growth

Jul 12, 2014 at 19:27 | Source: Calcutta Telegraph News

A lot of focus of the Finance Bill is typically placed on fiscal deficit and budget math, but the maiden budget of the Modi government was also being watched for the priorities that underpin the vision for the country. The Union budget should be see...

Not a 'Big Bang' Budget But Overall Tone Positive: HSBC

Jul 12, 2014 at 07:59 | Source: NDTV Profit

new delhi: There was no 'big bang' in the budget but the overall positive tone should keep the country's feel-good factor going, global financial services major HSBC said in a report. The government has stuck to its ambitious ...

Budget 2014: Jaitley's Fiscal Targets Hard to Achieve, Say Rating Agencies

Jul 12, 2014 at 00:00 | Source: NDTV Profit

Rating agencies said on Friday Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 per cent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies. &quot...

Budget 2014: Jaitley's Fiscal Targets Hard to Achieve, say Rating Agencies

Jul 11, 2014 at 22:00 | Source: NDTV Profit

Rating agencies said on Friday Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 per cent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies. &quot...

Credit agencies skeptical of Modi govt's pledge to keep FY15 fiscal deficit target

Jul 11, 2014 at 19:17 | Source: FirstPost

New Delhi/Mumbai: Prime Minister Narendra Modi is under pressure to perform on the economy after a budget packed with ambitious targets met mild scepticism from investors and credit-rating agencies and failed to dispel the latent risk of a downgrade....

Budget outlays: From Pranab to Jaitley, how FMs are gaming the system

Jul 11, 2014 at 17:34 | Source: FirstPost

In post-budget interviews, Finance Minister Arun Jaitley answered critics - who were cribbing about the scattering Rs 100 crore outlays over many schemes - in two ways. He said there is usually a time lag between announcing an outlay (say, for an AII...

Why Arun Jaitley has chosen to play safe with Budget 2014

Jul 11, 2014 at 17:14 | Source: FirstPost

Well known economic writer Swaminathan Aiyar wrote today,"It's not a radical Modi budget but a Chidambaram budget with saffron lipstick added." But this may be a superficial understanding of the Modi-Jaitley thought process. There seems to ...

Foreign brokerages hail Jaitley's budget as growth, reforms-oriented

Jul 11, 2014 at 17:12 | Source: FirstPost

Mumbai: Analysts at foreign brokerages have lauded Finance Minster Arun Jaitley's maiden Budget saying the measures announced will boost growth as it has ushered in the much-needed reforms and has created a conducive investment climate.Japanese broke...

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