On July 27, 2014 17:23 (IST)
Mr Jaitley, who presented his maiden budget, is likely to inform the RBI board about the steps taken to contain the fiscal deficit and may underline the need to reduce interest rates to promote growth.
On July 27, 2014 15:39 (IST)
The official said the finance ministry will impress upon rating agencies the resolve of the government to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
On July 22, 2014 17:55 (IST)
The Indian rupee touched an all-time low of 68.85 in August last year and since then it has recovered to 60 levels. But forex expert AV Rajwade is of the view that rupee should depreciate to 70 per dollar to spur export-driven growth in India.
On July 14, 2014 19:00 (IST)
Finance Minister Arun Jaitley's first Budget on Thursday has further accentuated markets' disappointment with the Modi government. Some of Mr Jaitley's proposals, such as raising FDI ceiling in defence and insurance sectors, have won praise, but his ...
On July 14, 2014 12:34 (IST)
Finance Minister Arun Jaitley said last week India would stick to the fiscal deficit target of 4.1 per cent of gross domestic product for the year ending in March 2015 unveiled by the previous government.
On July 13, 2014 18:00 (IST)
Finance Minister Arun Jaitley has walked his predecessor P Chidambaram's fiscal roadmap and reiterated the fiscal gap at 4.1 per cent of GDP for this fiscal and at 3.6 per cent for next and 3 per cent for FY 2017.
On July 12, 2014 20:02 (IST)
Finance Secretary Arvind Mayaram has said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 per cent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.
On July 11, 2014 23:26 (IST)
Rating agencies said on Friday Finance Minister Arun Jaitley's assumption of containing fiscal deficit at 4.1 per cent of GDP is difficult to achieve given the poor outlook on the revenue front and absence of reduction in subsidies.
On July 11, 2014 15:02 (IST)
The government will consider relaxing curbs on gold import once the fiscal situation becomes more comfortable, Finance Minister Arun Jaitley has said.
On July 11, 2014 15:08 (IST)
There was no 'big bang' in the Budget but the overall positive tone should keep the country's feel-good factor going, global financial services major HSBC said in a report. The government has stuck to its ambitious fiscal deficit targets and has give...