Moody's upgrades India's outlook to positive, affirms Baa3 rating

Last Updated: Thursday, April 9, 2015, 08:34

Ahead of Prime Minister Narendra Modi's Europe visit, Moody's has raised India's credit rating outlook to stable, validating government's reform thrust and fiscal discipline.

Fiscal deficit is 4.1% this year, thanks to telcos

Last Updated: Tuesday, March 31, 2015, 23:32

The government is believed to have met the fiscal deficit target of 4.1 percent of GDP for 2014-15, helped by last minute payment of Rs 10,808 crore by telecom companies for spectrum and tax receipts in March

Airtel, Idea, Vodafone partly pay their upfront amount

Last Updated: Tuesday, March 31, 2015, 17:21

Successful spectrum bidders, including Bharti Airtel, Idea Cellular and Vodafone, have made over Rs 7,000 crore towards upfront payments -- a move that will help the government narrow its fiscal deficit target for the fiscal ending on Tuesday.

Sensex logs best fiscal year gain since 2009-10

Last Updated: Tuesday, March 31, 2015, 16:18

The NSE's Nifty zoomed by 1,786.80 points, or 26.65 percent, to settle the fiscal at 8,491 after scaling lifetime high of 9,119.20 on March 4 this year.

Fiscal reforms, low inflation positive for ratings: Fitch

Last Updated: Friday, March 27, 2015, 22:29

The agency has a 'BBB-'rating for the country with a stable outlook, which is the lowest investment grade rating, while Moody's has Baa3 and S&P has a BBB- outlook both with stable outlook.

Spectrum auction proceeds to help plug fiscal deficit: Moody's

Last Updated: Thursday, March 26, 2015, 17:24

The fiscal deficit target for 2014-2015 is pegged at 4.1 percent of GDP and for the next fiscal at 3.9 percent.

Manufacturing sector still a challenge: FM Jaitley

Last Updated: Wednesday, March 25, 2015, 17:02

Finance Minister Arun Jaitley on Wednesday said manufacturing sector is still a challenge and we have to invent the engine of growth.

Govt to borrow Rs 3.6 lakh crore in first half of 2015-16

Last Updated: Monday, March 23, 2015, 19:31

The Union government will borrow Rs 3.6 lakh crore from markets in the first half of the next financial year, which is over 50 percent of the annual target of Rs 6 lakh crore.

Most investors optimistic on India at this point: FM Jaitley

Last Updated: Tuesday, March 17, 2015, 14:14

Replying to the debate on the Budget 2015-16, Jaitley further said most investors are optimistic on India at this point.

China's Jan-Feb fiscal income growth cools as economy slows

Last Updated: Monday, March 16, 2015, 10:16

Fiscal revenue rose 3.2 percent to 2.57 trillion yuan ($410.5 billion) in the first two months of the year, data from the Finance Ministry showed on Monday.

India's GDP growth will be 7.5% this year: Jaitley

Last Updated: Saturday, March 14, 2015, 14:06

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.

Jaitley to address RBI board on March 22

Last Updated: Sunday, March 8, 2015, 11:09

Finance Minister Arun Jaitley will address board members of the Reserve Bank here on March 22 to inform them about steps taken in the Budget for 2015-16 to boost economic growth and contain fiscal deficit.