Govt to pursue subsidy reforms to contain deficit: Sinha

Last Updated: Tuesday, April 28, 2015, 16:07

Reiterating commitment to stick to the fiscal consolidation road map, the government on Tuesday said it will continue with subsidy reforms and bring down the fiscal deficit to 3.5 percent of the GDP by March 2017.

After rate cut, Govt pitches for rating upgrade

Last Updated: Wednesday, March 4, 2015, 13:39

Soon after RBI announcing a much- awaited rate cut, Chief Economic Advisor Arvind Subramanian on Wednesday said that the global rating agencies should look at upgrading their stance on India's credit outlook.

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.

Rajan links rates to budget, rejects call to extend CDR window

Last Updated: Tuesday, February 3, 2015, 20:52

Putting the ball in government's court, RBI Governor Raghuram Rajan on Tuesday said future rate cuts would depend on the fiscal consolidation path in the upcoming Budget even as he rejected bankers' call to extend the loan restructuring window beyond April 1.

Rajan defends status quo, says more easing tied to fiscal data

Last Updated: Tuesday, February 3, 2015, 16:01

Strongly defending RBI's decision to hold the key rates in the absence of any new data points, Governor Raghuram Rajan on Tuesday said further rate reductions will depend on the quality of fiscal consolidation and how it aides the disinflationary process.

GDP base year revision may help govt contain fiscal deficit

Last Updated: Thursday, January 29, 2015, 18:29

A new series of national accounts with 2011-12 as base year for computing economic growth rate will be released Friday, which may provide some cushion to government struggling to meet fiscal deficit target.

Moody's says India ratings upgrade to depend on fiscal consolidation

Last Updated: Friday, January 16, 2015, 00:17

A Moody`s Investors Service analyst said India needed to improve its fiscal position to earn a ratings upgrade and warned that even if policy action was taken now it would likely take a while for the impact to be reflected on government finances.

Govt committed to fiscal consolidation: Sinha

Last Updated: Saturday, January 3, 2015, 14:34

Asserting the government is committed to fiscal consolidation, Minister of State for Finance Jayant Sinha on Saturday said the quality of figure was important and hinted at not resorting to massive expenditure cuts.

No compromise on fiscal consolidation, says Chidambaram

Last Updated: Wednesday, December 11, 2013, 11:53

Brushing aside apprehensions expressed by a rating agency, Finance Minister P Chidambaram on Wednesday said the government will stick to the path of fiscal consolidation and endeavour to narrow the deficit to 3 percent of gross domestic product by 2016-17.

'Q2 GDP growth above forecast, but risks in H2 on spending cut'

Last Updated: Saturday, November 30, 2013, 10:56

The economic research department of State Bank said the GDP growth raises the hopes to achieve the crucial 5 percent mark for the fiscal.

Not allow free fall of rupee; will check fiscal deficit, CAD: FM

Last Updated: Wednesday, August 14, 2013, 20:00

Committing to fiscal consolidation and reducing Current Account Deficit (CAD), Finance Minister P Chidambaram on Wednesday said steps are bing taken to stabilise rupee and expressed confidence that it will find its correct level once the other parameters are taken care of.

Govt making efforts to boost investor confidence, growth: FM

Last Updated: Friday, February 1, 2013, 14:23

Expressing commitment to follow the path of fiscal consolidation, Finance Minister P Chidambaram has said efforts are being made to boost investor confidence and revert to the high growth path.