On October 06, 2015 16:48 (IST)
The moderation in investments in second quarter of this fiscal was due to a dip in private sector's outgo in metals industry and it does not raise question marks over the country's economic recovery, says a report by Standard Chartered.
On October 05, 2015 15:14 (IST)
The government on Monday said revenue collection will fall short by Rs 50,000 crore but expressed confidence that economic growth will exceed 7.5 per cent, with fiscal deficit remaining within the budgeted target.
On September 30, 2015 20:23 (IST)
The fiscal situation in April-August showed some improvement over the corresponding period of the previous year as the deficit then stood at 74.9 per cent of the Budget estimates.
On September 29, 2015 18:17 (IST)
Welcoming the Reserve Bank of India's decision to slash key interest rate by 0.50 per cent, Chief Economic Advisor Arvind Subramanian on Tuesday said the government is committed to contribute its share by adhering to its fiscal deficit target so that inflationary pressures remain under control.
On September 28, 2015 20:16 (IST)
Mr Jaitley also said that inflation was under control and he is keen to better the country's GDP growth rate from 7.3 per cent in the last fiscal.
On September 20, 2015 12:57 (IST)
Lower commodity prices are unlikely to narrow India's current account deficit, Standard Chartered has said, while revising its current account deficit forecast for the fiscal year to 1.5 per cent from 1.1 per cent of GDP earlier.
On September 17, 2015 14:44 (IST)
RBI Deputy Governor Urjit Patel on Thursday said the central bank expects Current Account Deficit (CAD) around 1.5 per cent of GDP in the current fiscal.
On September 15, 2015 11:22 (IST)
China cranked up its fiscal spending by 26 per cent in August from a year earlier as Beijing tries to re-energise flagging economic growth and convince reluctant local officials to spend.
On September 15, 2015 09:31 (IST)
India's current account deficit is expected to remain "comfortable" in the current fiscal year even as it rose sequentially to $6.2 billion in the first quarter, says a report.
On September 08, 2015 15:34 (IST)
According to the global financial services major, the FY16 fiscal deficit target of 3.9 per cent of the GDP is likely to come under pressure on sluggish direct tax collection, likely shortfall in disinvestment proceeds and the recent adoption of a new pension scheme for the armed forces.
On September 07, 2015 20:15 (IST)
Last week, over the weekend, the government gave up to mounting pressure from ex-servicemen and approved the OROP scheme for the armed forces.
On September 07, 2015 17:10 (IST)
The government on Saturday approved the "One Rank One Pension" scheme for defence personnel, a move that will ensure uniform pension payments to ex-servicemen who served at the same rank and for the same amount of time, regardless of the year they retired.
On September 01, 2015 17:31 (IST)
The economics research department of State Bank of India said the dip in growth raises doubts over attaining the fiscal deficit target of 3.9 per cent and the government may have to either cut the spending or increase revenue by Rs 21,192 crore to avoid the target from slipping.
On August 31, 2015 16:53 (IST)
The fiscal deficit -- gap between expenditure and revenue -- for the entire current fiscal has been pegged at Rs 5.55 lakh crore.
On August 26, 2015 18:17 (IST)
Attributing the ongoing market carnage to global cues, ICICI Bank chief Chanda Kochhar on Wednesday said the country has many positives like high forex reserves, and low current account and fiscal gaps, which can help it weather the ongoing volatilities.
On August 12, 2015 16:17 (IST)
In his Medium-Term Expenditure Framework Statement tabledin Parliament, Finance Minister Arun Jaitley also expressed commitment of the government to cut fiscal deficit and push subsidy reforms.
On July 31, 2015 23:33 (IST)
The fiscal situation during April-June 2015-16 showed some improvement over the corresponding period of last year as the deficit then was 56.1 per cent of the Budget estimates.
On July 06, 2015 20:55 (IST)
Deutsche Bank on Monday said there are a plenty of challenges in terms of maintaining the fiscal deficit at the targetted 3.9 per cent of GDP for the current fiscal year.
On June 30, 2015 18:15 (IST)
The deficit was 45.3 percent during the same period a year ago.
On June 03, 2015 13:47 (IST)
Hours after the prediction of deficient monsoon this year, domestic ratings agency Crisil on Tuesday cut its fiscal year 2015-16 growth estimate by 50 basis points to 7.4 per cent, saying a second consecutive year of less rainfalls will hurt the economy.