Fiscal Deficit

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Allies of Brazil's Rousseff see leadership vacuum as economy sinks| Reuters

Aug 07, 2015 at 03:16 | Source: FirstPost

BRASILIA Allies of Brazil's President Dilma Rousseff have turned to her opponents to talk about filling what they see as a damaging leadership vacuum after losing confidence in her ability to pull the country out of an economic tailspin, party inside...

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...

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...

April IIP signals mild recovery but govt should step up on spending even more

Jun 13, 2015 at 08:23 | Source: FirstPost

Mumbai: The critical part about the April Index of Industrial production (IIP) numbers, released on Friday, is the promising sign of revival seen in the consumer spending and capital goods segments. The factory output grew at 4.1 percent in April, be...

April IIP signals mild recovery but govt should step up spending even more

Jun 12, 2015 at 20:04 | Source: FirstPost

Mumbai: The critical part about the April Index of Industrial production (IIP) numbers, released on Friday, is the promising sign of revival seen in the consumer spending and capital goods segments. The factory output grew at 4.1 percent in April, be...

Modi is fixing UPA's broken economy; the stagflation cycle to end soon

Jun 10, 2015 at 18:12 | Source: FirstPost

One of the less noticed aspects of the latest GDP data put out by the government is that growth in the fourth quarter of 2014-15 was practically identical in terms of real growth and nominal growth (that is, GDP without adjusting for inflation).While...

Modi is fixing UPA's broken economy; the stagflation cycle is about to end

Jun 10, 2015 at 15:42 | Source: FirstPost

One of the less noticed aspects of the latest GDP data put out by the government is that growth in the fourth quarter of 2014-15 was practically identical in terms of real growth and nominal growth (that is, GDP without adjusting for inflation).While...

India to consider converting ONGC's loan to OVL into equity - sources| Reuters

Jun 10, 2015 at 00:45 | Source: FirstPost

NEW DELHI India is planning to convert into equity a 50 billion rupee loan extended by state-run Oil and Natural Gas Corp (ONGC) to its overseas investment arm, sources said, to improve the unit's finances ahead of a possible public offering.Prime Mi...

Drought threat: 4 challenges that deficient monsoon throws up for Modi

Jun 04, 2015 at 15:18 | Source: FirstPost

That was too fast for Prime Minister Narendra Modi. Within a year, the honey moon he enjoyed has not only ended, but now he is staring at a phase that promises to be extremely bitter.The Indian Meteorological Department has predicted that this year m...

Three reasons why it may be premature to celebrate India's 2014 GDP at 7.3%

May 30, 2015 at 13:23 | Source: FirstPost

The 7.5 per cent growth in Gross Domestic Product (GDP) recorded inthe fourth quarter (the number for the full fiscal year 2015 is 7.3per cent) theoretically makes India the fastest growing major economyin the world, beating China (the Chinese econom...

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No one doubts India; rate cut lurking: Motilal Oswal

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