Govt can borrow more to revive investment cycle: Report

Last Updated: Thursday, July 2, 2015, 20:06

The government can borrow more to revive investment cycle even at the cost of marginally slipping from the projected fiscal deficit, as that will lead to higher-than-expected growth in the medium-term, says a report.

April-May fiscal deficit at 37.5% of Budget estimates

Last Updated: Tuesday, June 30, 2015, 20:42

The fiscal deficit in the first two months of current fiscal stood at Rs 2.08 lakh crore or 37.5 percent of Budget estimates for 2015-16.

Oil down 2% on Greek worries, weaker products markets

Last Updated: Saturday, June 20, 2015, 09:19

Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.

We inherited derailed passenger train: Jayant Sinha on economy

Last Updated: Saturday, June 13, 2015, 21:38

Jayant Sinha also expressed confidence that the Indian economy would continue to grow at 7-9 percent and double in size to USD 4-5 trillion in a decade.

Weak monsoon to be credit negative for India: Moody's

Last Updated: Monday, June 8, 2015, 17:33

A weak monsoon is likely to be credit negative for India as it is expected to push up food inflation as well as government deficits, global rating agency Moody's said Monday.

Govt contains fiscal deficit to 3.99% of GDP in FY15

Last Updated: Sunday, May 31, 2015, 11:21

According to national accounts data released by Central Statistics Office (CSO), the Gross Domestic Product at current prices is estimated at Rs 125.41 lakh crore in the last financial year ended March 31, 2015.

Fiscal deficit in April stands at Rs 1.27 lakh crore

Last Updated: Friday, May 29, 2015, 21:41

The fiscal deficit in the first month of 2015-16 was Rs 1.27 lakh crore or 23 percent of Budget Estimates for the whole financial year.

CEA pitches for rate cut by RBI, competitive rupee

Last Updated: Tuesday, May 26, 2015, 18:32

Citing low inflation and under control fiscal deficit, Chief Economic Advisor Arvind Subramanian on Tuesday pitched for a rate cut by the Reserve Bank at its monetary policy review meeting next week.

Govt has put derailed economy back on track in one year: PM Modi

Last Updated: Tuesday, May 26, 2015, 14:10

The government has put the derailed economy back on track, contained inflation and improved investor confidence in the last one year, Prime Minister Narendra Modi said Tuesday.

Higher tax collections to help improve fiscal deficit: Jaitley

Last Updated: Monday, May 25, 2015, 18:30

Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent.

Brazil unveils cuts as IMF urges fiscal discipline

Last Updated: Saturday, May 23, 2015, 04:02

The IMF urged Brazil to get its fiscal house in order to emerge from five years of low growth as South America`s largest economy Friday unveiled a package of budget cuts in a move to kickstart a recovery.

Expectations from Modi govt taper off on legacy issues: Crisil

Last Updated: Tuesday, May 19, 2015, 15:45

Rating agency Crisil on Tuesday said expectations from Prime Minister Narendra Modi-led government have moderated in its first year, as it was not able to push demand due to the issues it inherited.