fiscal consolidation

More steps soon for fiscal consolidation: Chidambaram


September 17th, 2012 - 11:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) The government will take more steps in coming months to ensure fiscal consolidation and boost economic growth, Finance Minister P. Chidambaram said Monday.Talking to reporters ... Read more...

Posted in Business |

Inflation to be high till fiscal consolidation is complete: Experts


September 17th, 2012 - 11:23 pm ICT by IANS
Chennai, Sep 17 (IANS) The Reserve Bank of India (RBI) has decided to wait till the effects of current fiscal consolidation is complete before tweaking the policy rates, a top ... Read more...

Posted in Business |

No rollback of diesel price hike, FDI in retail: Chidambaram


September 17th, 2012 - 11:22 pm ICT by IANS
New Delhi, Sep 17 (IANS) Finance Minister P. Chidambaram Monday said the government would not rollback its decision to allow foreign direct investments (FDI) in multi-brand retail and the hike ... Read more...

Posted in Business |

New Zealand central bank leaves interest rate unchanged


September 13th, 2012 - 2:24 pm ICT by IANS
Wellington, Sep 13 (IANS) New Zealand's central bank Thursday announced it would leave its interest rate unchanged at its historic low of 2.5 percent in the face of a poor ... Read more...

Posted in Business |

Situation in Europe not as bad as perceived: EU official


August 22nd, 2012 - 1:07 am ICT by IANS
Mumbai, Aug 21 (IANS) Stating that the situation in Europe is not as bad as is generally believed, European Financial Stability Facility (EFSF) CEO Klaus Regling Tuesday asserted that the ... Read more...

Posted in Uncategorized |

Chidambaram hints at modifying tax norms, cut deficit (Roundup)


August 6th, 2012 - 9:33 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said the government will fine-tune policies to meet investor expectations, cut fiscal deficit and revive growth."Our policies have to ... Read more...

Posted in Business |

India to soon unveil fiscal consolidation measures


August 6th, 2012 - 7:38 pm ICT by IANS
New Delhi, Aug 6 (IANS) The government will soon unveil measures to bring more discipline in spending and return to the path of fiscal consolidation, Finance Minister P. Chidambaram ... Read more...

Posted in Business |

Sensex rallies 215 points on global cues (Roundup)


August 6th, 2012 - 6:51 pm ICT by IANS
Mumbai, Aug 6 (IANS) A benchmark index of Indian equities markets surged 215 points Monday on strong global clues and in anticipation of measures the government would take soon ... Read more...

Posted in Business |

`US should balance short-run, medium-term fiscal adjustment’


August 3rd, 2012 - 1:27 pm ICT by IANS
Washington, Aug 3 (IANS) US policymakers should balance their efforts at immediate and medium-term fiscal adjustment to avoid negative impact on the fragile US economic recovery, the International Monetary Fund ... Read more...

Posted in Business |

Spain told to take decisive actions to cope with crisis


July 28th, 2012 - 1:30 pm ICT by IANS
Washington, July 28 (IANS) The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions" to tackle economic challenges and restore market confidence."The economy has entered an ... Read more...

Posted in Business |

Bill Clinton calls for support to Greek economy


July 23rd, 2012 - 9:57 am ICT by IANS
Athens, July 23 (IANS) Former US president Bill Clinton has called for support to the ailing Greek economy.Clinton, who is US Secretary of State Hillary Clinton' husband, gave a call ... Read more...

Posted in Politics |

Moody’s downgrades Italy debt rating


July 13th, 2012 - 2:08 pm ICT by IANS
New York, July 13 (IANS) Ratings agency Moody's Investors Service has downgraded Italy's government bond rating two notches over concerns that the country is more likely to experience a further ... Read more...

Posted in Business |

IMF warns Italy of downside risks, pushes more reforms


July 11th, 2012 - 1:55 pm ICT by IANS
Washington, July 11 (IANS) The International Monetary Fund (IMF) has said that Italy's economy would remain vulnerable to downside risks, urging the country to keep reform momentum."The economy is expected ... Read more...

Posted in Business |

Inflation too high, says RBI; defends tight money policy (Lead)


June 19th, 2012 - 10:26 pm ICT by IANS
Mumbai, June 19 (IANS) Reserve Bank of India Governor Duvvuri Subbarao Tuesday said inflation is still above the acceptable level and it cannot be brought down without monetary tightening and ... Read more...

Posted in Business |

Inflation still above acceptable levels: Subbarao


June 19th, 2012 - 9:51 pm ICT by IANS
Mumbai, June 19 (IANS) Defending the Reserve Bank of India's decision not to cut key lending rates, Governor Duvvuri Subbarao said Tuesday inflation is still above acceptable levels and ... Read more...

Posted in Business |

Fitch cuts India outlook to negative, Pranab responds (Lead)


June 18th, 2012 - 9:46 pm ICT by IANS
New Delhi, June 18 (IANS) Fitch Ratings Monday downgraded India's economic outlook to negative from stable, saying the country's growth outlook could deteriorate if policy-making and governance do not ... Read more...

Posted in Business |

Fitch downgrades India’s rating to ‘negative’


June 18th, 2012 - 8:41 pm ICT by IANS
Chennai, June 18 (IANS) Credit rating agency Fitch Ratings Monday revised downward India's outlook to "negative" from "stable" owing to corruption and inadequate reforms.It, however, affirmed the country's long term ... Read more...

Posted in Business |

CII for reducing subsidies to two percent of GDP


June 5th, 2012 - 7:55 pm ICT by IANS
Hyderabad, June 5 (IANS) The Confederation of Indian Industry (CII) Tuesday backed the idea of containing subsidies to two percent of the Gross Domestic Product (GDP).The CII national council, which ... Read more...

Posted in Business |

Sensex snaps 4-week losing streak, gains 65 points (Weekly market review)


May 26th, 2012 - 6:57 pm ICT by IANS
Mumbai, May 26 (IANS) Snapping a four-week losing streak, a benchmark index of the Indian equities markets gained 65 points this week as the hike in petrol price signalled ... Read more...

Posted in Business |

G8 leaders stresses boosting growth


May 20th, 2012 - 2:43 am ICT by IANS
Washington, May 20 (IANS) Leaders of the Group of Eight (G8) nations have stressed that bolstering economic growth and job creation was critical to the global economic recovery."The global economic ... Read more...

Posted in World |

India pitches for ratings upgrade from Fitch


May 17th, 2012 - 9:04 pm ICT by IANS
New Delhi, May 17 (IANS) The Indian government Thursday asked Fitch to upgrade the country's sovereign ratings, claiming that current account and fiscal deficit were under control and flow ... Read more...

Posted in Business |

Rupee recovers from record low; Sensex up


May 17th, 2012 - 2:31 pm ICT by IANS
Mumbai, May 17 (IANS) On the back of a rebound in equity markets, the Indian rupee recovered by almost 30 paise Thursday from the previous day's record intra-day low ... Read more...

Posted in Business |

Mukherjee hints at austerity as rupee dips to record low (Roundup)


May 16th, 2012 - 8:50 pm ICT by IANS
New Delhi, May 16 (IANS) The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a ... Read more...

Posted in Business |

IMF suggests reforms, inflation check to resume India’s high growth


April 18th, 2012 - 11:13 am ICT by IANS
Washington, April 18 (IANS) The International Monetary Fund (IMF) has suggested reinvigoration of structural reforms, including development of infrastructure, fiscal consolidation and controlling of inflation to bring India's growth back ... Read more...

Posted in Business |

Many nations vulnerable to unexpected shocks: IMF


April 17th, 2012 - 10:04 pm ICT by IANS
Washington, April 17 (IANS) Policymakers face the dilemma of how best to respond to the challenges of slackening global activity and continued financial volatility as many countries remain vulnerable to ... Read more...

Posted in Business |

India needs to tighten fiscal policy: IMF


April 17th, 2012 - 8:05 pm ICT by IANS
Washington, April 17 (IANS) With the notable exception of India, a number of economies in emerging Asia have room to make policy more supportive of economic activity, given favourable debt ... Read more...

Posted in Business |

Some positives in budget, says India Inc; displeased with taxes


March 16th, 2012 - 9:40 pm ICT by IANS
New Delhi, March 16 (IANS) The budget for 2012-13 elicited mixed response from India Inc Friday, with some appreciating the government's efforts at fiscal consolidation and incentivising growth while others ... Read more...

Posted in Business |

Budget: A manuscript of good intentions? (News Analysis)


March 16th, 2012 - 6:56 pm ICT by IANS
New Delhi, March 16 (IANS) It has made all the right noises about the need to reform and prune subsidies, and even extends incentives to tax payers. But without ... Read more...

Posted in Business |

Mukherjee’s budget promises tax relief, subsidy cut, reforms (Fourth Lead)


March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) Tax relief to individuals, promise to curb black money, major push on infrastructure, capital market reforms and huge subsidy cut were among proposals listed ... Read more...

Posted in Business |

Union budget: Growth, fiscal consolidation top challenges


March 15th, 2012 - 9:36 pm ICT by IANS
New Delhi, March 15 (IANS) Finance Minister Pranab Mukherjee will present the budget for 2012-13 Friday against the backdrop of a sharp slowdown in growth, deteriorating fiscal conditions, continuing ... Read more...

Posted in Business |

‘India will grow at 7.6 percent, to play active global role’ (Roundup)


March 15th, 2012 - 7:43 pm ICT by IANS
New Delhi, March 15 (IANS) India's economic growth will rebound to 7.6 percent in 2012-13 on the back of softening inflation and better industrial production, enabling it to play ... Read more...

Posted in Business |

Economic Survey pegs inflation at 6.5-7 percent


March 15th, 2012 - 2:30 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday pegged inflation at 6.5-7 percent by end of March and ... Read more...

Posted in Business |

Economic Survey 2011-12 highlights


March 15th, 2012 - 2:04 pm ICT by IANS
New Delhi, March 15 (IANS) Highlights of the Economic Survey 2011-12 tabled in parliament by Finance Minister Pranab Mukherjee Thursday:- GDP growth estimated to be 6.9 percent in ... Read more...

Posted in Business |

Fitch slashes British debt outlook (Lead)


March 15th, 2012 - 1:20 pm ICT by IANS
London, March 15 (IANS) Fitch Ratings Wednesday revised the outlook of Britain's Long-term Issuer Default Ratings (IDRs) from "stable" to "negative", citing the country's high debt levels and gloomy economic ... Read more...

Posted in Business |

IMF urges euro zone to contain crisis


March 2nd, 2012 - 2:29 pm ICT by IANS
Washington, March 2 (IANS) The euro area should take more steps to check the debt crisis, as global recovery continued to be threatened by strains in the region and fragility ... Read more...

Posted in Business |

« Previous Entries

Subscribe