Online retail mkt spend to jump 10 times to USD 14 bn in 5 yrs

Last Updated: Monday, February 9, 2015, 19:18

Online retail market spending is likely to jump more than 10 times to USD 14 billion in the next five years in the seven major cities, according to property consultant Knight Frank.

Arun Jaitley hints at more spending cuts

Last Updated: Friday, February 6, 2015, 13:24

Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money.

No unfair effort will be made by govt to collect taxes: FM

Last Updated: Friday, February 6, 2015, 11:08

Ahead of the Budget, Finance Minister Arun Jaitley on Friday hinted at more spending cuts and rationalising expenditure.

Indonesia's 2014 GDP slowest in 5 years, but govt spending may fuel pick up

Last Updated: Thursday, February 5, 2015, 12:06

Indonesia`s economic growth slipped to its weakest in five years in 2014 as weak exports and investments dragged, underlining the challenges facing the country`s new President Joko Widodo.

Obama's $4 trillion budget: Higher US spending, tax hike for rich

Last Updated: Tuesday, February 3, 2015, 10:32

President Barack Obama`s 2016 budget unveiled Monday sets priorities for the middle class and proposes major infrastructure improvements, to be paid for largely through increased contributions by the wealthy and corporate America.

US economic growth in 2014 fastest since 2010

Last Updated: Friday, January 30, 2015, 22:06

US gross domestic product grew at an annual 2.4 percent pace last year.

Risks to fiscal slippage high, plan spending cut needed: DBS

Last Updated: Thursday, January 29, 2015, 17:56

As of November-end, the fiscal deficit had touched 99 percent, a record high.

Russia unveils $35 billion anti-crisis plan, silent on cuts to pay for it

Last Updated: Wednesday, January 28, 2015, 18:40

Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it.

Arun Jaitley hints at special steps to boost public spending

Last Updated: Monday, January 19, 2015, 16:26

With one-and-a-half months left for the Budget, Finance Minister Arun Jaitley on Monday said the government will take "special steps" to boost public spending on infrastructure and initiate measures to rationalise subsidies.