Govt likely to set 550 MT production target for Coal India

Last Updated: Tuesday, March 24, 2015, 14:21

The government is likely to set production target of 550 million tonnes (MT) for Coal India for next financial year even as it is likely to miss the goal for the current fiscal.

Target to cut thousands of jobs, eyes $2 bn in cost cuts

Last Updated: Wednesday, March 4, 2015, 08:19

The cost-cutting forms a key plank of a revival plan outlined by Chief Executive Officer Brian Cornell, who is seeking to narrow the retailer`s focus to a handful of key product lines and bolstering its online business to rejuvenate sales.

India sets inflation target in monetary policy overhaul

Last Updated: Monday, March 2, 2015, 18:06

India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority.

Road construction delayed due to land acquisition issues

Last Updated: Monday, March 2, 2015, 16:06

Road construction in the country could meet only about half of the target set for the current fiscal at 6,300 km till January this year, owing to various factors including land acquisition issues, Parliament was informed today.

Monetary policy to now target inflation, to be 6% by Jan 2016

Last Updated: Monday, March 2, 2015, 11:56

"The Reserve Bank will aim to bring inflation below 6 per cent by January 2016. The target of financial year 2016-17 and all subsequent years shall be four per cent with a band of (+/-) 2 per cent," the agreement said.

Bonds fall on govt's 2015-16 fiscal deficit target

Last Updated: Monday, March 2, 2015, 10:24

The budget announced a fiscal deficit target of 3.9 percent of gross domestic product for the fiscal year starting in April, higher than an expected 3.6 percent.

Analysts sceptical about achievability of survey targets

Last Updated: Friday, February 27, 2015, 19:43

Analysts have welcomed the Economic Survey as it points to the strengthening of the macroeconomic fundamentals, even as some expressed scepticisms on achieving the growth targets spelt out in the annual document.

India should meet RBI inflation target by Jan 2016 - RBI deputy

Last Updated: Thursday, February 26, 2015, 12:14

India is likely to meet the central bank`s inflation target of 6 percent by January 2016, while economic growth is expected to gradually pick up, Reserve Bank of India Deputy Governor S.S. Mundra said on Thursday.

SBI arm for higher fiscal deficit target to boost investment

Last Updated: Tuesday, February 24, 2015, 23:51

Analysts and economists at the nation's largest lender SBI today joined the call for stretching the fiscal deficit target by a few notches so that the government can boost capex without impacting the fiscal consolidation process.

Budget 2015: Govt likely to meet 4.1% fiscal deficit target, say analysts

Last Updated: Monday, February 23, 2015, 22:53

As the BJP-led ruling coalition at the Centre gets ready to present its first full-fledged Budget, analysts said the government is most likely to meet its ambitious 4.1 percent fiscal deficit target, helped by lower oil prices.

StanChart lowers FY16 inflation target; expects 75bps rate cut

Last Updated: Sunday, February 15, 2015, 10:36

Of the total, 50 basis points cut is expected within a couple of months, said the Standard Chartered report.

Govt meets 68.6% of indirect tax collection target in April-January

Last Updated: Thursday, February 12, 2015, 21:49

The government on Thursday said it has collected Rs 4.27 lakh crore, or 68.6 percent of budget target for indirect tax, in the April-January period of this fiscal.