fiscal policy

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 |

US federal government has $69.6 bn deficit


August 11th, 2012 - 12:59 pm ICT by IANS
Washington, Aug 11 (IANS) The US federal government registered a budget deficit of about $69.6 billion in July, bringing the total budget gap for the first 10 months of this ... Read more...

Posted in Business |

Gopinath Pradhan is new IGNOU vice-chancellor


August 1st, 2012 - 6:43 pm ICT by IANS
New Delhi, Aug 1 (IANS) Gopinath Pradhan is the new vice- chancellor of the Indira Gandhi National Open University (IGNOU), a statement released here said Wednesday.Sixty-year-old Pradhan joined IGNOU in ... Read more...

Posted in Uncategorized |

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 |

Disconnect among government, RBI: BJP


June 18th, 2012 - 11:49 pm ICT by IANS
New Delhi, June 18 (IANS) Slamming the government for "mismanagement" of the economy, the Bharatiya Janata Party said Monday the Reserve Bank of India's decision to keep lending rates ... Read more...

Posted in Politics |

RBI must adjust monetary policy: Pranab (Lead)


June 16th, 2012 - 5:55 pm ICT by IANS
Mumbai, June 16 (IANS) The basic strategy to bring the country's economy back on track is by stimulating domestic demand, Finance Minister Pranab Mukherjee Saturday said and exuded confidence ... Read more...

Posted in Business |

Inflation pressure may re-emerge in India: Morgan Stanley


May 3rd, 2012 - 7:30 pm ICT by IANS
New Delhi, May 3 (IANS) India faces a very high risk of a return to rising inflation with the government continuing with its spending spree and the central bank easing ... Read more...

Posted in Business |

China projects 4 percent consumer price rise


March 5th, 2012 - 8:24 pm ICT by IANS
Beijing, March 5 (IANS) China has projected a four percent growth in consumer prices this year.In doing so, "we have taken into account imported inflation, rising costs of factors of ... Read more...

Posted in Uncategorized |

China to continue proactive fiscal, prudent monetary policies


March 5th, 2012 - 2:09 pm ICT by IANS
Beijing, March 5 (IANS) China will continue to follow a proactive fiscal policy and a prudent monetary policy in 2012 and make policies more targeted, flexible and forward-looking, according to ... Read more...

Posted in Business |

China cuts GDP growth to 7.5 percent in 2012


March 5th, 2012 - 2:08 pm ICT by IANS
Beijing, March 5 (IANS) China has set its GDP growth target at 7.5 percent for 2012, down from 8 percent in 2011, according to a report to be delivered by ... Read more...

Posted in Business |

US fiscal trajectory unsustainable, says US official


February 3rd, 2012 - 11:33 am ICT by IANS
Washington, Feb 3 (IANS/EFE) The growth of government debt relative to US gross domestic product is "clearly unsustainable", Federal Reserve Chairman Ben Bernanke said here Thursday in congressional testimony."To achieve ... Read more...

Posted in Business |

`Asia has ample room to fight eurozone turmoil spillovers’


January 31st, 2012 - 1:35 pm ICT by IANS
Washington, Jan 31 (IANS) Key Asian economies, including China, still have ample policy action room to respond to spillovers of the escalating eurozone debt crisis, a senior official from the ... Read more...

Posted in Business |

India’s fiscal deficit projected to fall


January 24th, 2012 - 10:01 pm ICT by IANS
Washington, Jan 24 (IANS) In India, the cyclically adjusted deficit is projected to fall by about 0.50 percent of GDP this year, according to the International Monetary Fund (IMF).However, the ... Read more...

Posted in Business |

IMF chief calls for eurobonds to combat crisis


January 24th, 2012 - 2:40 pm ICT by IANS
Berlin, Jan 24 (IANS) International Monetary Fund (IMF) chief Christine Lagarde Monday called for a bigger rescue fund in the 17-member eurozone and the creation of the eurobonds in order ... Read more...

Posted in Business |

Asia to face difficult year: IMF


January 6th, 2012 - 1:51 pm ICT by IANS
Washington, Jan 6 (IANS) Events unfolding far from Asia's shores could shape the region's economic outlook for 2012, but Asian policymakers still have the room to respond aggressively to a ... Read more...

Posted in Business |

Dubai’s ruler approves 2012 budget


December 25th, 2011 - 10:51 pm ICT by IANS
Dubai, Dec 25 (IANS/WAM) UAE Prime Minister and ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum Sunday approved the emirate's budget for 2012.The budget applies directives as set by ... Read more...

Posted in Business |

China to maintain prudent monetary policy


December 14th, 2011 - 1:59 pm ICT by IANS
Beijing, Dec 14 (IANS) China will maintain its prudent monetary policy and proactive fiscal policy in 2012, according to the annual central economic work conference that ended Wednesday.The main theme ... Read more...

Posted in Business |

China makes economic plans for 2012


December 12th, 2011 - 2:01 pm ICT by IANS
Beijing, Dec 12 (IANS) High-ranking Chinese officials gathered here Monday for the annual Central Economic Work Conference, which will analyze international and domestic economic situations and map out plans for ... Read more...

Posted in Business |

NGO supports scraping of diesel subsidy for cars


August 5th, 2011 - 7:40 pm ICT by IANS
New Delhi, Aug 5 (IANS) The Centre for Science and Environment (CSE) Friday welcomed union Finance Minister Pranab Mukherjee's suggestion to remove subsidy on diesel used in cars, saying ... Read more...

Posted in Business |

Highlights of Prime Minister’s Economic Advisory Council report


August 1st, 2011 - 2:25 pm ICT by IANS
New Delhi, Aug 1 (IANS) Highlights of the Prime Minister's Economic Advisory Council report on India's economy released Monday:-- Country's growth pegged at 8.2 percent for 2011-12-- Inflation to ease ... Read more...

Posted in Business |

India returning to high growth path: Pranab Mukherjeee


June 28th, 2011 - 9:49 am ICT by IANS
Washington, June 28 (IANS) Assuring American investors that India was firmly set on a continuous reform path, Indian Finance Minister Pranab Mukherjeee has said that with recent "major steps" ... Read more...

Posted in Business |

India’s debt rating raised to stable (Lead)


June 24th, 2011 - 8:35 pm ICT by IANS
New Delhi, June 24 (IANS) India's long-term foreign and local currency debt rating has been raised from negative to stable by DBRS, an international sovereign credit rating agency, the finance ... Read more...

Posted in Business |

DBRS raises India’s debt rating to stable


June 24th, 2011 - 8:14 pm ICT by IANS
New Delhi, June 24 (IANS) DBRS, an international sovereign credit rating agency, has raised the rating on India's long term foreign and local currency debt from negative to stable, the ... Read more...

Posted in Business |

‘Give healthcare tax cuts, boost India’s medical tourism’


June 12th, 2011 - 1:04 pm ICT by IANS
Washington, June 12 (IANS) An Indian American doctor has suggested that India offer special tax exemptions to its healthcare industry to capitalise on a potentially $100 billion opportunity offered by ... Read more...

Posted in Health |

Below 7 percent inflation forecast in April


April 8th, 2011 - 1:42 pm ICT by IANS
Kolkata, April 8 (IANS) Chief Economic Advisor Kaushik Basu has forecast a below seven percent overall inflation for India in April and said the figure will go down to five ... Read more...

Posted in Business |

Rate hikes will help curb price rise, says Pranab


March 17th, 2011 - 7:22 pm ICT by IANS
New Delhi, March 17 (IANS) Finance Minister Pranab Mukherjee said Thursday the Reserve Bank of India's move to hike key policy rates by 25 basis points would help curb ... Read more...

Posted in Business |

Pranab confident of reducing fiscal deficit to 4.6 percent


March 2nd, 2011 - 1:47 am ICT by IANS
New Delhi, March 1 (IANS) A day after presenting the budget for 2011-12, Finance Minister Pranab Mukherjee said he was confident of reducing the fiscal deficit to 4.6 percent ... Read more...

Posted in Business |

Inflation will drop to seven percent by March 2011: Montek Singh Ahluwalia


February 15th, 2011 - 5:52 pm ICT by ANI
New Delhi, Feb 15 (ANI): Planning Commission Deputy Chairman Montek Singh Ahluwalia today said inflation would drop to seven per cent by March this year.Talking to reporters on the sidelines of a ... Read more...

Posted in Business |

Beleaguered Pak Govt likely to implement ‘painful’ economic decisions from Feb 1


January 16th, 2011 - 5:21 pm ICT by ANI
Islamabad, Jan 16(ANI): The Pakistan Government is planning to implement some 'painful' economic decisions from February 1, following an unprecedented 510-billion-rupee budget deficit.The government has decided that subsidies on power tariff, oil ... Read more...

Posted in South Asia |

Fiscal deficit to remain at 5.5 percent in 2010-11


December 7th, 2010 - 7:22 pm ICT by IANS
New Delhi, Dec 7 (IANS) India's fiscal deficit will not be more than 5.5 percent of its gross domestic product (GDP) in 2010-11 as surge in revenue collections offset high expenditure, ... Read more...

Posted in Business |

Use of SUVs in India is criminal: Jairam Ramesh


November 12th, 2010 - 7:32 pm ICT by ANI
New Delhi, Nov 12 (ANI): Minister of State for Environment and Forests Jairam Ramesh on Friday expressed concern over heavy cars such as Sports Utility Vehicles (SUVs), saying the use of heavy-sized ... Read more...

Posted in National |

Discourage sale of BMWs, Audis, says Jairam


November 12th, 2010 - 3:57 pm ICT by IANS
New Delhi, Nov 12 (IANS) Environment and Forests Minister Jairam Ramesh Friday called for corrections in the fiscal policy to discourage luxurious cars like BMW and Audi in the country as they ... Read more...

Posted in Environment |

Weekly food inflation may come down by 1 percent: Basu


September 13th, 2010 - 6:20 pm ICT by IANS
Kolkata, Sep 13 (IANS) The government's chief economic advisor, Kaushik Basu, expects the weekly food inflation data due on Thursday would show a drop of one percent. Food inflation was 11.47 percent for ... Read more...

Posted in Business |

Japan’s economy growth slows, overtaken by China


August 16th, 2010 - 8:43 pm ICT by IANS
Tokyo, Aug 16 (DPA) Japan's economy expanded at an annualized pace of 0.4 percent in the April-June quarter, a weak result that allowed China to overtake it as the world's second-largest economy, ... Read more...

Posted in Business |

Women work a ‘double shift’ at office and in home is a myth: Study


August 5th, 2010 - 1:11 pm ICT by ANI
London, Aug 5 (ANI): Men can now get away without doing housework, because the idea that women work a "double shift" at the office and in the home is a myth, claims ... Read more...

Posted in Life Style |

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