Govt will aim at 4.8% fiscal deficit in 2013-14: Chidambaram

Last Updated: Tuesday, January 22, 2013, 20:16

Pledging fiscal consolidation and a commitment to the path of fiscal prudence, Finance Minister P Chidambaram on Tuesday promised to that the target of fiscal deficit of 5.3 percent this year will not be breached.

FM unveils fiscal consolidation roadmap to boost growth

Last Updated: Monday, October 29, 2012, 19:03

The minister also expressed the hope that the Reserve Bank would take note of fiscal consolidation initiatives while announcing half-yearly monetary policy review on Tuesday.

Govt to soon unveil fiscal correction roadmap

Last Updated: Monday, October 8, 2012, 17:47

"No one will have confidence in the Indian economy if there is uncertainty about the fiscal stability of the country," he said.

We are not for elimination of all subsidies, says Kelkar

Last Updated: Saturday, September 29, 2012, 19:50

The government needs to subsidise kerosene and food for poor, former finance secretary Vijay Kelkar said observing that the committee on fiscal consolidation headed by him was not against elimination of all subsidies.

Kelkar panel to submit fiscal consolidation report by Aug-end

Last Updated: Tuesday, August 14, 2012, 19:42

The Vijay Kelkar panel, appointed by Finance Minister P Chidambaram, to formulate the fiscal consolidation roadmap is expected to submit its report by the month-end.

Low inflation provides room for policy rate cut: Gokarn

Last Updated: Thursday, April 5, 2012, 18:06

Ahead of its annual monetary policy, the Reserve Bank on Thursday said cutting policy rate to promote investment depends upon moderation in inflation and fiscal consolidation.

Govt to take some difficult decisions in coming months: FM

Last Updated: Saturday, March 24, 2012, 15:24

Amid concerns over rising crude oil prices, Finance Minister Pranab Mukherjee on Saturday said the government would take and implement "some difficult decisions" in the coming months.

Budget 2012: Govt aims for fiscal deficit of 5.1%

Last Updated: Friday, March 16, 2012, 15:47

The government on Friday said it aims to bring down the fiscal deficit to 5.1% of the gross domestic product (GDP), at Rs 5,13,590 crore in 2012-13. In 2011-12, the fiscal deficit stood at 5.9% of the GDP, at Rs 5,21,980 crore.

Fiscal consolidation needed for stimulating growth: RBI

Last Updated: Monday, February 6, 2012, 14:29

Making a strong case for promoting fiscal consolidation in the forthcoming budget, the Reserve Bank on Monday said that it was necessary to stimulate growth.

Fiscal consolidation needs priority, stresses PM

Last Updated: Saturday, August 20, 2011, 20:38

Prime Minister Manmohan Singh Saturday said the process of fiscal consolidation needs to be given priority even if it limits the availability of resources for developmental activities in the short run.