gdp ratio

India will ensure clarity in tax regulations: Chidambaram


September 3rd, 2012 - 7:00 pm ICT by IANS
New Delhi, Sep 3 (IANS) Finance Minister P. Chidambaram Monday assured investors that the government would bring clarity in tax regulations and take necessary measures to ensure a stable ... Read more...

Posted in Uncategorized |

PM making excuses for governance deficit, says BJP (Second Lead)


August 18th, 2012 - 7:32 pm ICT by IANS
New Delhi, Aug 18 (IANS) The Bharatiya Janata Party (BJP) Saturday accused Prime Minister Manmohan Singh of making an excuse of "lack of political consensus" for "governance deficit" of ... Read more...

Posted in Politics |

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 |

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 |

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 |

Economy will turn around in 2012-13: Pranab


June 11th, 2012 - 8:11 pm ICT by IANS
New Delhi, June 11 (IANS) Finance Minister Pranab Mukherjee said Monday "necessary steps" are being taken to put India back on the growth path and the economy would turn ... Read more...

Posted in Business |

Economy will turn around in 2012-13: Pranab


June 11th, 2012 - 8:11 pm ICT by IANS
New Delhi, June 11 (IANS) Finance Minister Pranab Mukherjee said Monday "necessary steps" are being taken to put India back on the growth path and the economy would turn ... Read more...

Posted in Business |

Spain on course to meet deficit target: Minister


April 25th, 2012 - 1:59 pm ICT by IANS
Madrid, April 25 (IANS) Spain was on course to meet its deficit cutting target, despite a year-on-year increase in the deficit-to-GDP ratio in the first quarter of 2012, said Treasury ... 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 |

Spain’s 2012 deficit target eased to 5.3 percent of GDP


March 13th, 2012 - 2:01 pm ICT by IANS
Brussels, March 13 (IANS) Eurozone finance ministers have decided to ease the 2012 deficit target for Spain from the original 4.4 percent of GDP to 5.3 percent, Eurogroup President Jean-Claude ... Read more...

Posted in Business |

Italy’s 2011 debt-to-GDP ratio at record levels


March 3rd, 2012 - 1:45 pm ICT by IANS
Rome, March 3 (IANS) Italy's debt rose to 120.1 percent of GDP last year from 118.7 percent in 2010, the highest level since 1996, the national statistics institute Istat said.The ... Read more...

Posted in Business |

Eurozone approves new Greek bailout plan (Lead)


February 21st, 2012 - 4:59 pm ICT by IANS
Brussels, Feb 21 (IANS) Eurozone finance ministers have ended months of uncertainty and averted an imminent debt default by Greece by approving a second bailout deal for the debt-laden country."After ... Read more...

Posted in Business |

France narrows 2011 budget deficit


January 25th, 2012 - 1:44 pm ICT by IANS
Paris, Jan 25 (IANS) France registered a budget gap of 90.8 billion euros ($118.22 billion) in 2011, down by 4.6 billion euros from the previous year, Budget Minister Valerie Pecresse ... Read more...

Posted in Uncategorized |

EU urges Greek debt deal to be reached without delay


January 24th, 2012 - 3:19 pm ICT by IANS
Brussels, Jan 24 (IANS) Eurogroup President Jean-Claude Juncker Tuesday called for an early conclusion of a deal on Greece's debt restructuring programme without delay."We welcome the increased convergence and ask ... Read more...

Posted in Business |

China’s foreign trade to top $3 trillion this year: Official


October 28th, 2011 - 9:05 pm ICT by IANS
Beijing, Oct 28 (IANS) A senior Chinese official said Friday the country's foreign trade volume will surpass $3 trillion this year, accounting for 10.5 percent of the world's total.The country's ... Read more...

Posted in World |

Growth to fall below 8 percent: Pranab (Lead)


October 19th, 2011 - 8:54 pm ICT by IANS
New Delhi, Oct 19 (IANS) India's growth will fall below 8 percent, Finance Minister Pranab Mukherjee said Wednesday, adding that the government was unlikely to meet the 4.6 percent ... Read more...

Posted in Business |

Obama unveils deficit reduction plan


September 19th, 2011 - 11:15 pm ICT by IANS
Washington, Sep 19 (IANS) President Barack Obama Monday unveiled plans to reduce the US deficit and to kick-start economic growth."Washington has to live within its means," Obama said in ... Read more...

Posted in Business |

India’s external debt rises to $305.9 bn


September 9th, 2011 - 9:30 pm ICT by IANS
New Delhi, Sep 9 (IANS) India's external debt rose to $305.9 billion by end-March 2011, registering a gain of $44.9 billion or 17.2 percent during the 2010-11 fiscal due to ... Read more...

Posted in Business |

India unlikely to meet fiscal deficit target: FICCI


August 31st, 2011 - 5:07 pm ICT by IANS
New Delhi, Aug 31 (IANS) Fiscal deficit in India is likely to remain over 5 percent in the current fiscal as against the budgetary estimate of 4.6 percent, due ... Read more...

Posted in Business |

US loses AAA credit rating, terms it ‘a facts-be-damned decision’ (Lead)


August 6th, 2011 - 8:46 pm ICT by IANS
Washington, Aug 6 (IANS) Sending shock waves through America, credit rating agency Standard & Poor's has downgraded its top notch credit rating, stripping the world's largest economy of its prized ... Read more...

Posted in Business |

US calls S&P; downgrade ‘a facts-be-damned decision’


August 6th, 2011 - 8:21 pm ICT by IANS
Washington, Aug 6 (IANS) As Standard & Poor's move to downgrade the credit rating of the US sent shock waves through America, Obama administration officials called it "a facts-be-damned decision," ... Read more...

Posted in Business |

Improve interface with small tax payers, pensioners: President


July 15th, 2011 - 6:55 pm ICT by IANS
New Delhi, July 15 (IANS) President Pratibha Patil Friday asked the income tax department to interact with tax payers, especially senior citizens and pensioners on a continuous basis to ... Read more...

Posted in Business |

Pakistan suffered $67 bn losses in war against terror


June 20th, 2011 - 1:15 pm ICT by IANS
Islamabad, June 20 (IANS) Pakistan's economy has suffered losses amounting to $67.93 billion due its operations against terrorists since 2001, said the Pakistan Economic Survey 2010-11.The economic survey said that ... Read more...

Posted in Uncategorized |

Economic revival Pakistan’s key concern: Gilani


June 4th, 2011 - 1:16 pm ICT by IANS
Islamabad, June 4 (IANS) Pakistani Prime Minister Syed Yusuf Raza Gilani has that revival of the economy was the key concern of his government."We have earmarked Rs.730 billion for the ... Read more...

Posted in Business |

IMF considers Pak economic policymakers ‘cheaters and liars’: Ex-official


April 26th, 2011 - 5:03 pm ICT by ANI
Islamabad, April 26(ANI): The International Monetary Fund considers the economic policymakers of Pakistan to be 'cheaters and liars', the country's former representative in the IMF board, Dr Ehtisham Ahmad, has said.Addressing a ... Read more...

Posted in South Asia |

West Bengal worst governed state: Chidambaram


April 25th, 2011 - 6:54 pm ICT by IANS
Kolkata, April 25 (IANS) Describing West Bengal as the country's worst governed state, union Home Minister P. Chidambaram Monday claimed peace will be restored once Congress-Trinamool Congress government is ... Read more...

Posted in Uncategorized |

PML-N wants Pak Govt to broaden trade with India to fight high inflation


January 18th, 2011 - 12:37 pm ICT by ANI
Lahore, Jan 18(ANI): The Pakistan Muslim League-N is likely to suggest to the Pakistan People's Party-led federal government to broaden the trade scope of daily use commodities with India through land routes, ... Read more...

Posted in South Asia |

Mukherjee has room to budget for lower fiscal deficit


February 21st, 2010 - 2:33 pm ICT by IANS
By Arvind Padmanabhan New Delhi, Feb 21 (IANS) Having opened the purse strings to weather the ills of global slowdown the past two years, Finance Minister Pranab Mukherjee appears set to re-start ... Read more...

Posted in Business |

US arm twists Pak over auditors visa issue


February 13th, 2010 - 2:26 pm ICT by ANI
Islamabad, Feb.13 (ANI): Arm twisting Pakistan over the delay in issuing visas to its auditors, the United States has clarified that the remaining payment under the Coalition Support Fund (CSF) would ... Read more...

Posted in South Asia |

Sensex ends year on a high, best performance in 18 years (Roundup)


December 31st, 2009 - 6:21 pm ICT by IANS
Mumbai, Dec 31 (IANS) Indian equities markets closed the year in style, with a benchmark index adding over 120 points Thursday in what has been its best performance in 18 years. The ... Read more...

Posted in Business |

Pakistan’s 11.3 billion-dollar IMF loan in danger


September 5th, 2009 - 6:13 pm ICT by ANI
Islamabad, Sep. 5 (ANI): The 11.3 billion-dollar-loan that International Monetary Fund (IMF) was going to grant Pakistan, faces the risk of disruption if the country fails to reform its tax collection system. ... Read more...

Posted in South Asia |

Highlights of Economic Survey 2008-09


July 2nd, 2009 - 2:07 pm ICT by ANI
New Delhi, July 2 (ANI): Finance Minister Pranab Mukherjee presented the Economic Survey 2008-09 to Parliament today.The highlights of the Economic Survey 2008-09 are as follows:1. Economic growth decelerates to 6.7 ... Read more...

Posted in National |

Weak public finances threaten India’s creditworthiness: Fitch


May 14th, 2009 - 9:22 pm ICT by IANS
New Delhi, May 14 (IANS) Growing budgetary deficit and weaknesses in its public finances could weaken India's sovereign creditworthiness, said global ratings agency Fitch in a statement Thursday. Noting that its slowing economy ... Read more...

Posted in Business |

IMF lauds Indian economy’s strength but concerned over deficit (Lead)


March 18th, 2009 - 3:05 pm ICT by IANS
By Arun Kumar Washington, March 18 (IANS) Commending India's strong economic performance in recent years and its ability to confront the current global financial crisis from a "position of strength", the International Monetary ... Read more...

Posted in Business |

India confronts global crisis from a position of strength: IMF


March 18th, 2009 - 10:36 am ICT by IANS
By Arun Kumar Washington, March 18 (IANS) Commending India's strong economic performance in recent years, the International Monetary Fund (IMF) has said "India confronts the current global economic and financial crisis from a ... Read more...

Posted in Business |

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