On July 18, 2016 16:26 (IST)
Gold imports fell by about 48 per cent to $3.90 billion in the first quarter of the current fiscal year, which is expected to keep a lid on the current account deficit.
On July 01, 2016 10:37 (IST)
India's fiscal deficit during April-May was 228986 billion rupees ($33.92 billion), or 42.9 per cent of the budgeted target for the fiscal year ending in March 2017, government data showed on Thursday.
On June 29, 2016 22:33 (IST)
India's current account deficit may dip below 1 per cent this fiscal year owing to low global crude prices, while Brexit, or Britain's exit from the European Union, is likely to impact the economy as global economy will slow down, Chief Economic Advisor Arvind Subramanian said on Wednesday.
On June 29, 2016 18:56 (IST)
Government's decision to clear 7th Pay Commission recommendations will give a boost to the economy, but it may impact fiscal deficit target for fiscal 2017-18, says an SBI research report.
On June 29, 2016 14:25 (IST)
The Ujwal Discom Assurance Yojana (UDAY) meant for revival of debt-ridden discoms is unlikely to have a destabilising effect on fiscal consolidation at an aggregate level, says India Ratings and Research (Ind-Ra).
On June 16, 2016 23:51 (IST)
FDI inflows in the current fiscal year will top a 15.3 per cent rise in 2015-16 on the back of reforms and liberalisation of norms, Economic Affairs Secretary Shaktikanta Das said on Thursday.
On June 16, 2016 17:31 (IST)
India's current account deficit is likely to widen to 1.4 per cent of GDP in the current fiscal year from an estimated 0.9 per cent in 2015-16, says a Nomura report.
On June 12, 2016 15:26 (IST)
Government is planning to make the country energy surplus with a target of generating 1,178 billion units, leading to a 1.1 per cent overall electricity surplus this fiscal year.
On June 10, 2016 15:08 (IST)
The slump in oil price is one of the factors that has helped Indian economy notch up big gains by cutting its import bill and reining in inflation.
On May 31, 2016 20:28 (IST)
The government on Tuesday said it has achieved the fiscal deficit target of 3.9 per cent of GDP in 2015-16.
On May 31, 2016 18:49 (IST)
Fiscal deficit in April came in at Rs 1.37 lakh crore, which is 25.7 per cent of the Budget estimate for 2016-17.
On May 20, 2016 13:52 (IST)
Government's fiscal deficit target for next fiscal could be changed to a 'range' and set at 3-3.5 per cent of the GDP, rather than 3 per cent, says a Bank of America Merrill Lynch (BofA-ML) report.
On May 19, 2016 15:32 (IST)
Government's fiscal deficit target of 3 per cent by next financial year could be changed to a "range" post a committee's recommendations on the country's fiscal roadmap, says a Nomura report.
On May 19, 2016 13:45 (IST)
The International Monetary Fund backed Saudi Arabia's sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices.
On May 16, 2016 21:43 (IST)
India's current account deficit is likely to widen to 1.6 per cent of GDP this fiscal year, driven by a pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.
On May 03, 2016 20:37 (IST)
India is likely to pursue a mildly expansionary fiscal policy over the next 12 months largely due to the one-off impact of government employee wage hike, says a report by Morgan Stanley.
On April 28, 2016 21:36 (IST)
The country's current account deficit is likely to widen modestly to $25 billion in the current fiscal from $20 billion last year on rising demand for gold and sluggishness in exports, a report said on Thursday.
On April 18, 2016 11:23 (IST)
The finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious deficit target.
On April 17, 2016 16:51 (IST)
A total of 16 large states are set to borrow more again this fiscal year despite higher allocations from the Centre, with the cumulative borrowing likely to reach Rs 3.5 lakh crore from Rs 2.95 lakh crore in 2015-16, according to a study by Japanese brokerage Nomura.
On April 07, 2016 17:36 (IST)
The estimated combined fiscal deficit of states would fall to 2.4 percent of gross domestic product in the financial year ending in March 2016 from 2.9 percent the year before, the RBI said.