fiscal deficit

PM to address nation on FDI in retail and other reforms


September 21st, 2012 - 4:55 pm ICT by IANS
New Delhi, Sep 21 (IANS) Prime Minister Manmohan Singh will address the nation Friday night to explain why his government is going forward with economic reforms, especially allowing overseas investment ... Read more...

Posted in Business |

Diesel price hiked by Rs 5, opposition slams ‘anti-people’ move (Roundup)


September 14th, 2012 - 12:01 am ICT by IANS
New Delhi, Sep 13 (IANS) In a politically-sensitive move, the government Thursday announced a hike in heavily-subsidised diesel price by Rs.5 a litre to check fiscal deficit and limited ... Read more...

Posted in Politics |

Cash rich PSUs to invest in projects to spur growth


September 11th, 2012 - 6:50 pm ICT by IANS
New Delhi, Sep 11 (IANS) The government is working on a mechanism under which nine major public sector undertakings (PSUs) having large cash reserves would start investing in infrastructure ... Read more...

Posted in Business |

RBI ticks off SBI chairman


August 27th, 2012 - 9:07 pm ICT by IANS
Chennai, Aug 27 (IANS) A senior Reserve Bank of India (RBI) official Monday ticked off the chairman of State Bank of India (SBI) in public, saying he should look ... Read more...

Posted in Business |

Sensex rises for the second day, up 188 points (Roundup)


August 7th, 2012 - 7:19 pm ICT by IANS
Mumbai, Aug 7 (IANS) Bdullish sentiment ruled Indian equities markets for the second day Tuesday with a benchmark index closing 188 points higher. Interest rate sensitive realty, auto and ... Read more...

Posted in Business |

Crisil cuts India’s growth forecast to 5.5 percent


August 7th, 2012 - 4:54 pm ICT by IANS
Mumbai, Aug 7 (IANS) Research and ratings agency Crisil Tuesday cut India's economic growth forecast to 5.5 percent for the 2012-13 financial year from its earlier estimate of 6.5 percent, ... Read more...

Posted in Business |

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 |

Indian banks need to raise Rs.1.75 trillion capital by 2018: RBI


August 4th, 2012 - 5:44 pm ICT by IANS
Hyderabad, Aug 4 (IANS) Reserve Bank of India Governor D. Subbarao Saturday said the Indian banks will have to raise an additional capital of Rs.1.6 trillion to Rs.1.75 trillion ... Read more...

Posted in Business |

Chidambaram gets finance again, Shinde becomes home minister (Second Lead)


August 1st, 2012 - 1:14 am ICT by IANS
New Delhi, July 31 (IANS) In a significant change ahead of parliament's monsoon session, Prime Minister Manmohan Singh Tuesday appointed P. Chidambaram as finance minister, gave the crucial home ... Read more...

Posted in Politics |

Chidambaram gets finance again, Shinde becomes home minister (Lead)


July 31st, 2012 - 10:21 pm ICT by IANS
New Delhi, July 31 (IANS) In a significant change ahead of parliament's monsoon session, Prime Minister Manmohan Singh appointed P. Chidambaram as finance minister, gave the crucial home portfolio ... Read more...

Posted in Politics |

RBI cuts SLR by 1 percent


July 31st, 2012 - 5:24 pm ICT by IANS
New Delhi, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday announced a reduction in the statutory liquidity ratio (SLR) from 24 percent to 23 percent with effect from ... Read more...

Posted in Business |

RBI cuts growth forecast to 6.5 percent, warns on inflation


July 30th, 2012 - 8:28 pm ICT by IANS
Mumbai, July 30 (IANS) India's economic growth is likely to fall to 6.5 percent, inflation accelerate and fiscal deficit widen, the Reserve Bank of India said Monday, painting a gloomy ... Read more...

Posted in Uncategorized |

Inflation, fiscal deficit leave little room for rate cut


July 29th, 2012 - 5:34 pm ICT by IANS
New Delhi, July 29 (IANS) The Reserve Bank of India (RBI) is unlikely to cut interest rates when it reviews the monetary policy Tuesday as a ballooning fiscal deficit, high ... Read more...

Posted in Business |

Government may reduce subsidised LPG cylinders to rich


July 18th, 2012 - 10:13 pm ICT by IANS
Bangalore, July 18 (IANS) The central government is mulling reducing the subsidy on cooking gas by limiting supply of LPG cylinders to those who do not belong to the economically ... Read more...

Posted in Business |

Steps soon to check fiscal, curent account deficits: Chidambaram (Lead)


July 11th, 2012 - 12:29 am ICT by IANS
Bangalore, July 10 (IANS) In a bid to reboot the economy and return to the high growth path, the United Progressive Alliance (UPA) government would take proactive measures to ... Read more...

Posted in Politics |

India will soon be back on high growth path: Chidambaram


July 10th, 2012 - 10:24 pm ICT by IANS
Bangalore, July 10 (IANS) India would soon return to high growth path soon in light of several measures being taken by the United Progressive Alliance (UPA) government to reboot the ... Read more...

Posted in Politics |

Time wonders if ‘underachiever’ Manmohan can overcome (Third Lead, Changing dateline)


July 8th, 2012 - 10:51 pm ICT by IANS
Washington, July 8 (IANS) Dubbing Indian Prime Minister Manmohan Singh as an "underachiever" the prestigious Time magazine asks whether the architect of 1991 economic reforms can rouse himself and ... Read more...

Posted in Politics |

India Inc welcomes PM’s statement on growth


July 6th, 2012 - 8:24 pm ICT by IANS
New Delhi, July 6 (IANS) India Inc Friday welcomed Prime Minister Manmohan Singh's promised action on several fronts to restore investor confidence, including clarity on tax matters."This is an ... Read more...

Posted in Business |

We will restore growth, investor confidence: PM


July 6th, 2012 - 2:54 pm ICT by IANS
New Delhi, July 6 (IANS) While the world economy was facing challenging times, India's growth story was still intact, Prime Minister Manmohan Singh has said while promising action ... Read more...

Posted in Business |

Inflation to soften by mid-October: Kaushik Basu


July 3rd, 2012 - 8:51 pm ICT by IANS
Chennai, July 3 (IANS) Inflation would continue at the 7.5 percent level till September this year, after which it is likely to go below 7 per cent, Kaushik Basu, chief ... Read more...

Posted in Business |

Spain’s recession to worsen, says minister


July 2nd, 2012 - 12:52 pm ICT by IANS
Navacerrada (Spain), July 2 (IANS/EFE) Spain's economic recession is getting worse, and the economic figures from the second quarter point to a "slightly greater" decline of the gross domestic product ... Read more...

Posted in Business |

PM as FM: revisiting 1991?


June 30th, 2012 - 2:34 pm ICT by IANS
Till now, the end run of the Manmohan Singh government's present tenure hasn't quite followed the scenario envisaged at its start in 2009. Instead of pushing ahead with reforms in ... Read more...

Posted in Politics |

Growth recovery essential for capital inflow: Rangarajan


June 29th, 2012 - 9:05 pm ICT by IANS
Kolkata, June 29 (IANS) C. Rangarajan, chairman of the Economic Advisory Council of the prime minister, Friday said foreign capital inflows would come in once global economic prospects improve and ... Read more...

Posted in Business |

Susidies to be cut soon, says Rangarajan (Lead)


June 29th, 2012 - 6:49 pm ICT by IANS
Kolkata, June 29 (IANS) The government could cut the subsidies on fuel and fertilisers soon to contain the ballooning fiscal deficit, C. Rangarajan, who heads the Prime Minister's Economic ... Read more...

Posted in Business |

Selective stimulus possible for industry: Rangarajan


June 29th, 2012 - 5:11 pm ICT by IANS
Kolkata, June 29 (IANS) Stating that action would be taken to cut the subsidy bill as early as possible, C. Rangarajan, chairman of the Economic Advisory Council of the prime ... Read more...

Posted in Business |

PM directs steps to revive growth and reverse pessimism (Roundup)


June 27th, 2012 - 11:33 pm ICT by IANS
New Delhi, June 27 (IANS) Prime Minister Manmohan Singh Wednesday asked the policy planning and finance ministry officials to take immediate steps to improve the economy and reverse ... Read more...

Posted in Business |

Moody’s retains stable outlook on India


June 25th, 2012 - 2:49 pm ICT by IANS
Chennai, June 25 (IANS) Global credit rating agency Moody's Monday announced that it is maintaining a stable outlook on India's Baa3 rating as problems such as low economic growth, high ... Read more...

Posted in Business |

Pakistan’s 3.7 percent GDP growth encouraging: Bank


June 23rd, 2012 - 4:05 pm ICT by IANS
Islamabad, June 23 (IANS) Pakistan's economic growth of 3.7 percent in the 2011-12 fiscal year was encouraging given the adverse effects of energy shortage, oil price rise and damage to ... Read more...

Posted in South Asia |

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 |

India’s potential growth rate has come down: RBI


June 19th, 2012 - 8:55 pm ICT by IANS
Mumbai, June 19 (IANS) A day after keeping the key policy rates steady, the central bank Tuesday said India's potential of maintaining a high economic growth has come down."Potential growth ... Read more...

Posted in Business |

Inflation can’t be curbed without sacrificing growth: RBI governor


June 15th, 2012 - 1:02 am ICT by IANS
Hyderabad, June 14 (IANS) Reserve Bank of India (RBI) governor D. Subbarao Thursday said inflation can't be controlled without sacrificing some growth.Delivering the Obayya memorial lecture here, he said that ... Read more...

Posted in Business |

Meghalaya seeks more funds from central government


June 6th, 2012 - 12:12 am ICT by IANS
Shillong, June 5 (IANS) Meghalaya Chief Minister Mukul Sangma Tuesday sought augmentation of central funds for infrastructure development, social sector and governance reforms in the state.Sangma's request for more ... Read more...

Posted in Business |

Sharp fall expected in industrial growth


June 3rd, 2012 - 10:32 am ICT by IANS
New Delhi, June 3 (IANS) A sharp fall is expected in the growth of industrial sectors such as textile machinery, cement and fertiliser in the April-June quarter owing to the ... Read more...

Posted in Business |

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