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Budget News

  • November CPI quickens to 5.41% driven by food inflation

    November CPI quickens to 5.41% driven by food inflation   

    The November Consumper Price Index (CPI) has come in higher at 5.41 percent versus 5 percent month-on-month driven mainly by rise in food inflation. The food inflation came in 6.07 pecent versus 5.25 percent (M-o-M).

    05 Jan 2016, 12.00 pm  |  Source: CNBC-TV18

  • Lower inflation result of reforms, global oil prices:Finmin

    Lower inflation result of reforms, global oil prices:Finmin  

    The retail inflation has come down to 5.2 percent in October 2015 as against 6.9 percent in February.

    05 Jan 2016, 11.59 am  |  Source: PTI

  • Govt review sees FY16 GDP growth at 7-7.5%, inflation at 6%

    Govt review sees FY16 GDP growth at 7-7.5%, inflation at 6%   

    The Mid-Year Economic Review says that while meeting this year's fiscal deficit target of 3.9 percent is possible, next year's 3.5 percent target may have to be re-considered.

    05 Jan 2016, 11.59 am  |  Source: Moneycontrol.com

  • Govt suggests more flexible timeline to inflation targeting

    Govt suggests more flexible timeline to inflation targeting   

    "How can borrowing costs be lowered without jeopardising the medium term inflation objective?" the government said in the report, authored by Chief Economic Adviser Arvind Subramanian.

    05 Jan 2016, 11.59 am  |  Source: Reuters

  • 2015 inflation under check; kitchen staples beg to differ

    2015 inflation under check; kitchen staples beg to differ  

    RBI has however cautioned that while oil prices, barring geopolitical shocks, are expected to remain benign for a few more quarters, the uptick of CPI inflation excluding food and fuel for two months in succession warrants vigilan...

    05 Jan 2016, 11.58 am  |  Source: PTI

  • Inflation target achievable; India best bet among EMs: Gopinath

    Inflation target achievable; India best bet among EMs: Gopinath   

    Global headwinds while important are of lesser significance to India, says Gita Gopinath, professor of economics at Harvard University. Hence for India to grow at 8%, it needs to revive domestic investment, she opines

    05 Jan 2016, 11.58 am  |  Source: CNBC-TV18

  • October IIP at 9.8%; consumer durables grow 42.2%

    October IIP at 9.8%; consumer durables grow 42.2%   

    The index of industrial production (IIP) for October stood at 9.8 percent versus 3.6 percent (month-on-month).

    05 Jan 2016, 11.58 am  |  Source: CNBC-TV18

  • IIP growth a morale booster for economy: India Inc

    IIP growth a morale booster for economy: India Inc  

    "The industrial growth on the back of an impressive double digit expansion in manufacturing should no doubt be considered a morale booster for the economy," Assocham President Sunil Kanoria said.

    05 Jan 2016, 11.58 am  |  Source: PTI

  • Here are Saumitra Chaudhuri`s views on mid-yr eco review

    Here are Saumitra Chaudhuri's views on mid-yr eco review   

    Watch the interview of Saumitra Chaudhuri, Former Member, Planning Commission with Shereen Bhan on CNBC-TV18, in which he shared his readings and outlook on India's economic future and the mid-year economic review.

    05 Jan 2016, 11.57 am  |  Source: CNBC-TV18

  • Fiscal position constraint to India rating upgrade: Fitch

    Fiscal position constraint to India rating upgrade: Fitch  

    Fitch on Monday had retained its "BBB-minus" rating with a "stable" outlook for India.

    05 Jan 2016, 11.54 am  |  Source: Reuters

  • Fiscal position constrains India`s credit rating: Moody`s

    Fiscal position constrains India's credit rating: Moody's   

    Atsi Sheth, associate managing director - sovereign risk group, Moody's Investors Service, says there’s a risk of monetary policy not being able to control food inflation.

    05 Jan 2016, 11.53 am  |  Source: CNBC-TV18

  • See Rs 40Kcr direct tax mop up shortfall this fiscal: Adhia

    See Rs 40Kcr direct tax mop up shortfall this fiscal: Adhia  

    During April-November, direct taxes which include income tax and corporate tax, grew 12.63 percent to Rs 3.69 lakh crore. This is 46.26 percent of the budgeted target of Rs 7.97 lakh crore, Revenue Secretary Hasmukh Adhia told rep...

    05 Jan 2016, 11.53 am  |  Source: PTI

  • Will meet 3.9% fiscal deficit target: Jayant Sinha

    Will meet 3.9% fiscal deficit target: Jayant Sinha  

    In the mid-year analysis tabled in Parliament, the government lowered the economic growth forecast for 2015-16 to 7-7.5 percent from 8.1-8.5 percent projected in February. It said slower-than-anticipated nominal GDP growth (8.2 pe...

    05 Jan 2016, 11.53 am  |  Source: PTI

  • Fiscal discipline, not a choice but a necessity

    Fiscal discipline, not a choice but a necessity  

    The midyear review of the economy by the chief economic advisor makes a strong case for fiscal loosening next year. The review argues that private investment and global growth are likely to remain anaemic.

    05 Jan 2016, 11.52 am  |  Source: Moneycontrol.com

  • Fiscal deficit target must be realistic and credible: ICRA

    Fiscal deficit target must be realistic and credible: ICRA   

    The government's Mid Year Economic Review, released last week, had said the government should consider revising fiscal year 2017's fiscal deficit target from 3.5 percent currently -- with media reports pegging the new target at 3....

    05 Jan 2016, 11.52 am  |  Source: CNBC-TV18

  • UDAY may not bring sunrise to states` fiscal health

    UDAY may not bring sunrise to states' fiscal health   

    The Union Government may have come out with the UDAY scheme to bail out stressed state power distribution companies (discoms) but the scheme's plan to shift discoms' debt burdens to state governments is likely to throw their fisca...

    05 Jan 2016, 11.52 am  |  Source: CNBC-TV18

  • Govt spent Rs 7,637 cr for metro projs so far this fiscal

    Govt spent Rs 7,637 cr for metro projs so far this fiscal  

    Urban Development Minister M Venkaiah Naidu said during the Question Hour that various measures are being taken to improve public transport and parking spaces in various cities.

    05 Jan 2016, 11.51 am  |  Source: PTI

  • Committed to maintaining FY17 fiscal deficit target: Govt

    Committed to maintaining FY17 fiscal deficit target: Govt  

    The Ujjwal Discom Assurance Yojna (UDAY) scheme, to bail out the various state power distribution companies, may put an additional burden on the fiscal target.

    05 Jan 2016, 11.51 am  |  Source: CNBC-TV18

  • Economy to grow over 8% this fiscal: Panagariya

    Economy to grow over 8% this fiscal: Panagariya  

    In the first half of the current fiscal, the GDP growth stood at around 7.2 percent and is expected to cross the 8 percent-mark in 2015-16, Panagariya said.

    05 Jan 2016, 11.51 am  |  Source: PTI

  • GST being delayed for `collateral reasons`: Jaitley

    GST being delayed for 'collateral reasons': Jaitley   

    Addressing the annual general meeting of industry chamber Ficci, Jaitley said, "I have no doubt in my mind that attempt to delay (GST) is entirely for collateral reasons. And the only collateral reason I suspect is if I couldn't d...

    05 Jan 2016, 11.50 am  |  Source: PTI

  • India did well in year of global economic turmoil: Jaitley

    India did well in year of global economic turmoil: Jaitley  

    Voicing "great satisfaction" over performance of the Indian economy in "a year of turmoil and volatility" globally, Finance Minister Arun Jaitley today dismissed grumblings about the economy not having taken off as "cynicism -- a ...

    05 Jan 2016, 11.50 am  |  Source: PTI

  • FM says almost certain GST rate will be much less than 18%

    FM says almost certain GST rate will be much less than 18%   

    GST is intended to create a single market and boost commerce in India's $2 trillion economy, but the bill, which was passed by the lower house of parliament, has been blocked in the upper house where Prime Minister Narendra Mo...

    05 Jan 2016, 11.49 am  |  Source: Reuters

  • Is GST a boon for FMCG sector or not? EY expert decodes

    Is GST a boon for FMCG sector or not? EY expert decodes   

    Reports suggest the FMCG sector contributes a significant USD 6.5 billion in direct and indirect taxes.

    05 Jan 2016, 11.48 am  |  Source: CNBC-TV18

  • GST doable in 2016; in constant touch with Congress: FM

    GST doable in 2016; in constant touch with Congress: FM  

    GST, which seeks to simplify and harmonise the indirect tax regime across the country with a single uniform rate, has been stuck for many years in a political gridlock.

    05 Jan 2016, 11.48 am  |  Source: PTI

  • May see one RBI rate cut post Budget: JP Morgan

    May see one RBI rate cut post Budget: JP Morgan   

    The RBI has cut repo rate four times (125 basis points) since January 2015. But the banks, Governor Rajan highlighted, have passed on less than half of the rate cuts to customers.

    05 Jan 2016, 11.47 am  |  Source: CNBC-TV18

  • FinMin asks states to follow J&K`s Budget format

    FinMin asks states to follow J&K's Budget format  

    "The new budgetary format and classification rolled out by Jammu and Kashmir government earlier this year is being emulated by all the states in the country," an official spokesman said.

    05 Jan 2016, 11.47 am  |  Source: PTI

  • India proposes federal budget hike for social sectors

    India proposes federal budget hike for social sectors  

    The government plans to raise its sanitation and drinking water budget by 60 percent to USD 2.15 billion, while the child welfare budget will rise by a quarter to USD 2.68 billion.

    05 Jan 2016, 11.47 am  |  Source: Reuters

  • Govt hopes to follow 2015/16 budgeted fiscal gap target:FM

    Govt hopes to follow 2015/16 budgeted fiscal gap target:FM  

    Jaitley has pledged to narrow the deficit to 3.9 percent of GDP in this fiscal year from 4.0 percent in 2014/15.

    05 Jan 2016, 11.46 am  |  Source: Reuters

  • Modi seen pivoting from roads to fields in next budget

    Modi seen pivoting from roads to fields in next budget  

    Modi splurged on roads and railways this year in a strategy to spur economic growth. But it came partly at the expense of federal programmes for farmers and the poor, suffering through back-to-back drought years.

    05 Jan 2016, 11.46 am  |  Source: Reuters

  • Hope GST gets passed in next Budget session: Rajan Mittal

    Hope GST gets passed in next Budget session: Rajan Mittal   

    Here is what Rajan Mittal, Vice Chairman and Managing Director of Bharti Enterprises have to say about the delay in goods and services tax (GST) bill.

    05 Jan 2016, 11.46 am  |  Source: CNBC-TV18

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