fiscal deficits

Depreciating rupee boon for Indian manufacturing exporters


May 29th, 2012 - 4:05 pm ICT by IANS
New Delhi, May 29 (IANS) While the depreciating rupee is giving sleepless nights to many, it is a huge opportunity for India's manufacturing exporters as their goods are now cheaper ... Read more...

Posted in Business |

Development deficit dogs poll-bound states


January 19th, 2012 - 10:37 am ICT by IANS
New Delhi, Jan 19 (IANS) With high fiscal deficits -- an indicator of poor financial management -- the five poll-bound states of Punjab, Uttar Pradesh, Manipur, Uttarakhand and Goa, home ... Read more...

Posted in Politics |

Fiscal deficit management need of the hour: Pranab


January 14th, 2012 - 5:41 pm ICT by IANS
Kolkata, Jan 14 (IANS) Faced with a widening fiscal deficit due to a dip in revenue and growth in expenditure, Finance Minister Pranab Mukherjee Saturday called for containing the ... Read more...

Posted in Business |

Moody’s raises India’s local currency debt rating


December 21st, 2011 - 3:47 pm ICT by IANS
New Delhi, Dec 21 (IANS) Ratings agency Moody's Wednesday raised India's local currency debt rating by one notch to Baa3, matching it with the country's foreign currency bond grade.With the ... Read more...

Posted in Business |

World going through stormy period: WTO chief Lamy


September 6th, 2011 - 10:40 pm ICT by IANS
New Delhi, Sep 6 (IANS) The global economy is going through a "stormy period" and is likely to witness further slowdown in growth, unsustainable fiscal deficits and high unemployment, ... Read more...

Posted in Uncategorized |

AIADMK government to present its first budget Thursday


August 4th, 2011 - 12:06 am ICT by IANS
Chennai, Aug 3 (IANS) The J. Jayalalithaa-led AIADMK government in Tamil Nadu will present its first budget Thursday on the first day of the nearly month-long budget session.Finance Minister O. ... Read more...

Posted in Uncategorized |

Tamil Nadu plan outlay raised to Rs.23,535 crore


July 7th, 2011 - 12:04 am ICT by IANS
New Delhi, July 6 (IANS) The annual plan outlay for Tamil Nadu for 2011-12 was finalised at Rs.23,535 crore Wednesday at a meeting between Deputy Chairman of the Planning Commission ... Read more...

Posted in Business |

Tamil Nadu seeks over Rs.180,000 crore for free laptops, other schemes


June 14th, 2011 - 10:23 pm ICT by IANS
Chennai, June 14 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Tuesday asked the central government for financial assistance amounting to Rs.182,402.18 crore for various schemes to be implemented by her ... Read more...

Posted in Politics |

India to grow at a slower 8 percent: World Bank


June 8th, 2011 - 12:03 pm ICT by IANS
Washington, June 8 (IANS) With India's growth projected to ease to 8 percent in fiscal 2011-12 from 8.8 percent last fiscal, South Asia is headed for a slower, but still ... Read more...

Posted in Business |

India, 6 other largest economies to come under G-20 scanner


April 16th, 2011 - 10:12 am ICT by IANS
Washington, April 16 (IANS) Seven of the world's largest economies including India would face a new surveillance system aimed at highlighting and rectifying flaws before they imperil growth under a ... Read more...

Posted in Uncategorized |

Sharp rise in food prices cause of concern: Mukherjee


February 25th, 2011 - 4:17 pm ICT by ANI
New Delhi, Feb 25 (ANI): Union Finance Minister Pranab Mukherjee today said that a sharp price in food price inflation has been a major cause of concern of economy during 2010-11.Presenting ... Read more...

Posted in Business |

Fiscal consolidation slowing in India, China: IMF


January 28th, 2011 - 10:49 am ICT by IANS
By Arun Kumar Washington, Jan 28 (IANS) Despite the improving global outlook, the pace of fiscal consolidation this year is slowing in some key countries, including India, China and Brazil, according to the ... Read more...

Posted in Business |

India may slow down to 8.4 percent in 2011: World Bank


January 13th, 2011 - 11:26 am ICT by IANS
By Arun Kumar Washington, Jan 13 (IANS) South Asia's growth engine India is expected to slow down a tad to 8.4 percent this year from an estimated 9.5 percent in 2011 before rising ... Read more...

Posted in Business |

Will Proposition 22 Cripple The Government?


November 2nd, 2010 - 9:32 pm ICT by GD
By Gina Gomez Nov 2, (THAINDIAN NEWS) Proposition 22 is creating a wide debate among political commentators and ordinary folks alike, with many people being skeptical about it. The proposition if passed will ... Read more...

Posted in Business, Politics |

G-20 leaders call for reducing fiscal deficits by half by 2013, more sustainable, balanced growth


June 28th, 2010 - 10:45 am ICT by ANI
Toronto, June 28 (ANI): Leaders of the Group of Twenty (G-20) on Sunday issued a communique that includes aggressive deficit-cutting targets and allows individual countries to devise their own approach to meeting ... Read more...

Posted in World |

Pranab Mukherjee arrives in Korea to attend G-20 Finance Ministers’ meet


June 3rd, 2010 - 4:49 pm ICT by ANI
Busan (S. Korea), June 3 (ANI): Union Finance Minister Pranab Mukherjee arrived today in Busan, South Korea on a three days visit to attend G-20 Finance Ministers meeting to be held ... Read more...

Posted in World |

PM’s council for cautious exit from fiscal stimulus


February 19th, 2010 - 2:41 pm ICT by IANS
New Delhi, Feb 19 (IANS) India must initiate fiscal correction in the upcoming budget, but also tread carefully while exiting stimuli packages as it must not crowd out expenditure on infrastructure, ... Read more...

Posted in Business |

Obama ‘Agnostic’ About Tax Increases On Middle Class


February 12th, 2010 - 9:05 pm ICT by GD
By Gina Gomez Washington, Feb 12, (THAINDIAN NEWS) In a recent interview, United States President Barack Obama has reiterated that he is 'agnostic' about enhancing taxes on households which make less than $250,000 ... Read more...

Posted in Business |

Financial stability has improved but new challenges ahead: IMF


January 27th, 2010 - 1:14 pm ICT by IANS
By Arun Kumar Washington, Jan 27 (IANS) The global economy is at last emerging out of the crisis with financial markets rebounding after the collapse of Wall Street investment firm Lehman Brothers ... Read more...

Posted in Business |

Financial stability improves, but IMF sees fresh challenges


January 26th, 2010 - 11:19 pm ICT by IANS
By Arun Kumar Washington, Jan 26 (IANS) The global economy is at last shaking off the financial crisis, the IMF says, noting that financial markets have rebounded since the lows following the ... Read more...

Posted in Business |

56 mn children will drop out of schools by 2015


January 20th, 2010 - 11:16 am ICT by IANS
New York, Jan 20 (IANS) Lack of funds due to global economic crises would force 56 million children across the world to drop out of schools by 2015, a UN report said. In ... Read more...

Posted in World |

Divestment to address India’s economic woes: Moody’s


July 16th, 2009 - 2:21 pm ICT by IANS
New Delhi, July 16 (IANS) The government's plan to sell stakes in state-owned enterprises will strengthen its financial position and help address India's many economic woes, says the economic research arm of ... Read more...

Posted in Business |

India to revisit infrastructure projects: Mukherjee


May 27th, 2009 - 2:27 pm ICT by IANS
New Delhi, May 27 (IANS) Promising enhanced spending on infrastructure projects, Finance Minister Pranab Mukherjee Wednesday said all such ongoing projects will be revisited, and recalibrated when required, to achieve the ... Read more...

Posted in Business |

India in better shape than any other country: Sibal


April 1st, 2009 - 10:05 pm ICT by IANS
New Delhi, April 1 (IANS) India is in a better situation than any other country in the world when it comes to fiscal deficits and beating the slowdown, Science and Technology ... Read more...

Posted in Politics |

‘Global warming, fuel scarcity challenges for future generations’


November 8th, 2008 - 7:42 pm ICT by IANS
Shimla, Nov 8 (IANS) Global economic competition, global warming, crumbling physical infrastructure, energy and fuel scarcity, increased fiscal deficits and a public education system are the major challenges before the coming generations, ... Read more...

Posted in Uncategorized |

Political uncertainty cast doubts over Paks growth sustainability: ADB


April 3rd, 2008 - 2:00 pm ICT by admin
Islamabad, Apr 3 (ANI): Owing to its political uncertainty, and higher global oil and commodity prices, the Asian Development Bank (ADB) has raised doubts about long-term sustainability of growth patterns for ... Read more...

Posted in National |

Maharashtra poised for 9 percent growth in 2007-08


March 18th, 2008 - 11:24 pm ICT by admin
Mumbai, March 18 (IANS) Maharashtra is poised to record a 9 percent growth rate in 2007-08 as compared to the national economy's growth at 8.7 percent during the same period. However, the ... Read more...

Posted in Business |

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