Fiscal Deficit

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Global economic conditions favourable, but Centre unable to get act together: Manmohan Singh

Feb 12, 2016 at 19:46 | Source: FirstPost

New Delhi: Former prime minister Manmohan Singh has criticised the Bharatiya Janata Party government at the centre for its economic policies, saying it has not been able to benefit from falling oil prices and "fortuitous circumstances" to b...

Worrying imbalances lurk below India's high headline growth| Reuters

Feb 12, 2016 at 04:45 | Source: FirstPost

NEW DELHI/MUMBAI India's turbocharged growth figures have been criticized by many analysts for giving too flattering a view of Asia's third-largest economy. Closer scrutiny reveals another reason to worry: It's the wrong kind of growth.Consumer spend...

Six reasons why 7.6% GDP growth estimate for FY16 is a myth

Feb 10, 2016 at 08:32 | Source: FirstPost

The gross domestic product (GDP) numbers for the third quarter, at 7.3 per cent, and the advanced estimate for fiscal year 2016, at 7.6 per cent, has enthused the Narendra Modi camp.At this rate of growth, India retains the tag of the fastest growing...

GDP numbers going nowhere; Jaitley has no option but to step on the gas

Feb 09, 2016 at 18:23 | Source: FirstPost

The one thing you should not celebrate about the latest GDP numbers is the nonsense that "India is the fastest growing major economy", and especially (clap, clap) that it is growing faster than China.At 7.3 percent GDP growth in the October...

Why a much lower nominal GDP growth has upset govt's fiscal deficit math

Feb 09, 2016 at 16:17 | Source: FirstPost

The Central Statistics Office (CSO) has published the economic growth numbers for the period October to December 2015. It has also put out the economic growth projection for the current financial year i.e. 2015-2016 (April 1, 2015 to March 31, 2016)....

Why 7.6% GDP growth estimate for the current year is a myth

Feb 09, 2016 at 13:17 | Source: FirstPost

The gross domestic product (GDP) numbers for the third quarter, at 7.3 per cent, and the advanced estimate for fiscal year 2016, at 7.6 per cent, has enthused the Narendra Modi camp.At this rate of growth, India retains the tag of the fastest growing...

GDP is actually going nowhere; Jaitley has no option but to step on the gas

Feb 09, 2016 at 12:27 | Source: FirstPost

The one thing you should not celebrate about the latest GDP numbers is the nonsense that "India is the fastest growing major economy", and especially (clap, clap) that it is growing faster than China.At 7.3 percent GDP growth in the October...

Fiscal math credible, govt will meet FY16 deficit target, says Deutsche Bank

Feb 09, 2016 at 11:53 | Source: FirstPost

The government is likely to meet its fiscal deficit target of 3.9 per cent for the current financial year and is expected to set it at 3.8 per cent of the GDP for the next fiscal, says a Deutsche Bank report.According to the global financial services...

7.6% GDP growth projection will put govt's money management to acid test. Here's why

Feb 09, 2016 at 07:35 | Source: FirstPost

A couple of things stand out in the economic growth numbers released on Monday, once one gets past the mandatory cheering about India being the fastest growing economy, even at a lowered growth estimate.For one, the projected 7.6 percent in the curre...

Oct-Dec GDP today: Exports falling, investment muted; will low base boost growth?

Feb 08, 2016 at 09:25 | Source: FirstPost

India's economy probably lost momentum towards the end of 2015 on dwindling domestic and global demand even as the Reserve Bank of India (RBI) eased policy four times to boost growth last year, a Reuters poll found.Shrinking orders from the United St...

Oct-Dec GDP today: Exports shrinking, investment muted; will low base boost growth?

Feb 08, 2016 at 07:17 | Source: FirstPost

India's economy probably lost momentum towards the end of 2015 on dwindling domestic and global demand even as the Reserve Bank of India (RBI) eased policy four times to boost growth last year, a Reuters poll found.Shrinking orders from the United St...

Congress should stop making excuses and be more tolerant towards mandate of people: Venkaiah Naidu

Feb 07, 2016 at 14:53 | Source: FirstPost

Hyderabad: Union Minister M Venkaiah Naidu on Sunday accused the Congress of being "intolerant" towards mandate of people and indulging in excuses to block the bills and the Parliament proceedings."... there is no excuse at all...Congr...

Budget 2016: Jaitley says Rs 1.10 lakh crore needed to implement OROP decision

Feb 06, 2016 at 04:58 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley says the Centre will have to make a provision for about Rs 1.10 lakh crore to implement the pay commission recommendations and the One Rank, One Pension (OROP) decision on former military personnel. He also sa...

The birthday letter Narendra Modi didnt write to Raghuram Rajan

Feb 05, 2016 at 09:39 | Source: FirstPost

Dearest Raghu, Heartiest wishes on your 53rd birthday!You are, in my view, one of the two good things that have happened to the Indian economy over the last two years(the other is oil).My government and I are personally thankful to you and your team ...

The Birthday letter Narendra Modi didnt write to Raghuram Rajan

Feb 04, 2016 at 13:45 | Source: FirstPost

Dearest Raghu, Heartiest wishes on your 53rd birthday!You are, in my view, one of the two good things that have happened to the Indian economy after I took over as Prime Minister on May 26, 2014 (the other is oil).My government and I are personally t...

After Raghuram Rajan's policy, getting budget math right will be a lot tougher for Arun Jaitley

Feb 03, 2016 at 11:05 | Source: FirstPost

On Tuesday, the Rajan of Mint street sent a to-do list to the North Block, without leaving any room for ambiguity to the latter on the crucial tasks to be achieved, essential to get the economy back on the high-growth orbit.Reserve Bank of India (RBI...

After Raghuram Rajan's policy, getting budget math right will be lot tougher for Arun Jaitley

Feb 03, 2016 at 10:09 | Source: FirstPost

On Tuesday, the Rajan of Mint street sent a to-do list to the North Block, without leaving any room for ambiguity to the latter on the crucial tasks to be achieved, essential to get the economy back on the high-growth orbit.Reserve Bank of India (RBI...

RBI policy: Raghuram Rajan just made Arun Jaitleys budget math tougher

Feb 02, 2016 at 15:16 | Source: FirstPost

On Tuesday, the Rajan of Mint street sent a to-do list to the North Block, without leaving any room for ambiguity to the latter on the crucial tasks to be achieved, essential to get the economy back on the high-growth orbit.Reserve Bank of India (RBI...

RBI leaves repo rate unchanged at 6.75%, to keep a close watch on govt Budget and spending

Feb 02, 2016 at 12:29 | Source: FirstPost

The Reserve Bank of India today held its policy rate and other ratios steady as it keeps a watch on inflation and also the government's committment towards controlling expenditure. The move was largely in line with expectations."The Reserve Bank...

RBI holds rate steady at 6.75%, keeps a close watch on govt Budget, spending

Feb 02, 2016 at 11:28 | Source: FirstPost

The Reserve Bank of India today held its policy rate and other ratios steady as it keeps a watch on inflation and also the government's committment towards controlling expenditure. The move was largely in line with expectations."The Reserve Bank...

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