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| Indias Jaitley goes for growth, delays cut in fiscal deficit. Indias Jaitley goes for growth, delays cut in fiscal deficit.Indias Finance Minister Arun Jaitley (C) leaves his office to present the | 314cc4410309cf70dd5d46e8be9384d1.jpg 314cc4410309cf70dd5d46e8be9384d1.jpg Hewlett Packard | Jaitleys budget goes for growth, delays cut in fiscal deficit Jaitleys budget goes for growth, delays cut in fiscal deficit Prabhus budget aims at more investment without sacrificing populism | Jaitleys budget goes for growth, delays cut in fiscal deficit Jaitleys budget goes for growth, delays cut in fiscal deficit Union Budget 2015 highlights: Jaitley goes for growth, cracks down on black |
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Jaitley hints at reforms-packed budget for faster GDP growth
The extra spending cuts would be over and above the 10% that the Centre has already announced to meet the fiscal deficit target of 4.1% of GDP, which was crossed in November itself ��� four months ahead of the end of 2014-15... Need of the hour is to.
India to reap $12 billion-plus budget windfall from oil slide
A revival in the profitability of state-owned oil refiners like Hindustan Petroleum Corporation and Indian Oil Corporation could generate another $1 billion in extra revenues.. Jaitley is struggling to hit his fiscal deficit target of 4.1 percent of gross domestic product this fiscal year. He wants to cut it to 3.6 percent in 2015/16, and 3 percent in 2016/17. Budget bailout. Fiscal constraints leave little over for the wider.. SandP 500 Beating World Means Its Time to Go Global.
Bank Finance India: Budget 2014: Arun Jaitleys top.
For Arun Jaitley, there is no easy way to meet these expectations given that the budget will be presented against the backdrop of sluggish economic growth, high inflation and the precarious state of government finances.. The sharp increase in the revenue deficit after February 2008���six months before the global financial crisis���was the biggest reason why the savings rate has declined subsequently (while deteriorating company financials also reduced corporate��.
Slow start to $10bn Indian state sell-off
Arun Jaitley, finance minister under Prime Minister Narendra Modi, has been relying on privatisations to help finance the budget and stick to his 2014-15 deficit target of 4.1 per cent of gross domestic product. In the first seven months of the fiscal.
Indian business scene in 2014 at a glance ��� SentiRate.
Chief Executive Mittu Chandilya declined to give specifics on its cost base ��� key to profitability in the cut-throat Indian market ��� but said AirAsias cost structure was one of the lowest in the industry. AirAsia India will have. Modi budgets for growth, aims to curb deficit Indias new government unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it will reduce the fiscal deficit and restore investor confidence. India starts first��.
BP and NIKO CANNOT BE PARTY TO ARBITRATION | The.
NEW DELHI: Close on the heels of a high-level presentation to Prime Minister Narendra Modi and in line with finance minister Arun Jaitley s budget proposals, the petroleum ministry is fast tracking plans to set up a national... ���The main reason for higher growth has been the delayed monsoon leading to a higher use of DG (diesel generator) pumping sets for irrigation, higher vehicular movement because of increased economic activities, power deficit, resumption of��.
India to outperform if there is no global crisis: Prasad, Kotak Institutional.
Having said this, we believe India is very well placed given the massive improvement in the current account situation as also the balance of payment (BoP) and because of very low prices we have seen fiscal situation improving.. Having said that.
Big change in India on its way: Finance Minister
Jaitley said the government has a fiscal deficit target of 4.1 percent and has a road map to get that number below 3 percent in the coming years. Renewed confidence in Indias economy, thanks to a recent cut in interest rates and hopes for reform.
FTR #795 Fascism, Hindu Nationalism and Narendra Modi
Germany has shown how well nigh impossible it is for Races and cultures, having differences going to the root, to be assimilated into one united whole, a good lesson for in Hindusthan to learn and profit by. (Golwalker [1939] in We, or Our. What may surprise many in the West is that some of the most prominent figures of RSS deeply admired Fascism and Nazism, the two totalitarian movements that swept through Europe at the time. As such, RSS was outlawed by��.
Cutting-Edge Global Logistics and Supply Chain.
Photographer: Sonu Mehta/Hindustan Times via Getty ImagesA man holds a portrait of Prime Minister Narendra Modi outside Parliament House during the Budget Session 2014 in New Delhi. Indian Prime Minister Narendra Modi is pledging $25 billion to. Jaitley estimated higher tax revenues and asset sales will help pare the fiscal deficit to a seven-year low of 4.1 percent of gross domestic product. Modis government is trying to control the fiscal shortfall, curb a��.
Exclusive: India to reap $12 billion-plus budget windfall from oil slide - sources
Officials drawing up Jaitleys first full-year budget are pencilling in a view that oil prices will average $65-$70 in 2015/16. That would cut the national import bill by $18 billion - or 0.9 percent of GDP, they reckon. Benefits from the fall in oil.
Bhagwati is right. Modis spending boost may irk investors and risk rating.
A weak recovery from the longest growth slowdown in decades is pushing Prime Minister Narendra Modis advisers to consider loosening fiscal deficit targets and increase government spending, thereby risking the ire of investors, ratings agencies and the.
GDP likely to grow 5.5 percent in 2015: Mid-year review.
Based on the trend of receipts and expenditure relative to the Budget, the finance ministry said the budget deficit target is in line with estimates. The report added that the government expected no change in interest rates till the��.
Modi Demoted Ram Madhav Promoted | So Sue me
What goes around, comes around. ���and I am Sid Harth @elcidharth.. The move is aimed at cutting the fiscal deficit, which the government wants to contain at 4.1% of GDP , according to government sources. Fiscal. Proposing budget cuts at a time when people are complaining of getting no work or wages and state governments are speaking for fund releases in different parts of the country is illegal, unconstitutional and inhumane,��� social activist Nikhil Dey said.
Modi Government Promises Low and Stable Tax Regime.
A struggle to raise revenues in a sluggish economy and the pressure to narrow the fiscal deficit to avoid a junk sovereign credit rating had forced the previous administration to aggressively collect taxes from companies. Although. But it remains to be seen how Jaitley will proceed as two successive years of sub-5 percent growth have hit tax revenues, making it tougher to deliver on his promise to cut the fiscal gap to a seven-year low of 4.1 percent of GDP this year.
Exclusive - Modi sell-off drive stalls, more spending cuts on way
In his maiden budget, Jaitley set a target of raising 584 billion rupees ($9.5 billion) from the sale of shares in companies in which the state has majority and minority stakes.. Given the sluggish growth of tax revenues in (the) first half of 2014.
India budget: Finance minister says aiming for 7-8% growth in next 3-4 years
Indian Prime Minister Narendra Modis new government on Thursday unveiled a first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how he would cap the big fiscal deficit. Expectations.
Make Money in India and Spend in Mexico | So Sue me
Im hoping that popular society and civil society in general is not going to allow this to happen, but certainly we are living through very uncertain times where the chances that they can push through a lot more of this agenda are quite high... His new finance minister, Arun Jaitley, presented a budget promising to lift economic growth from the current 4.3 percent to 7 to 8 percent by promoting manufacturing, infrastructure, and overhauling the popular subsidies that was��.
November core growth at 5-month high of 6.7%, deficit at 99%
NEW DELHI: There were mixed tidings for the Indian economy as 2014 rolled to a close ��� forebodings of more austerity amid hope of revival. The fiscal deficit touched 99% of the full-year budget estimate at the end of November, making it a near.
Sensex, Nifty fall for 2nd day ahead of RBI meet
Amar Ambani, Head of Research, IIFL said, ���The governor has a knack of surprising the market but having announced a cut before the policy review, we dont think that RBI would cut the repo rate again on February 2nd. The Governor. However, the.
Indias Jaitley goes for growth, delays cut in fiscal deficit
Jaitley, delivering his first full-year budget since Prime Minister Narendra Modis landslide election victory last May, said growth would accelerate to between 8 and 8.5 percent in the fiscal year starting in April. A pace of 7.4 percent is expected.
Hard to hit tax revenue target, credit weak - Jaitley
In a speech, Jaitley said that while he expected to hit targeted levels for direct taxes, reaching the goal for indirect taxes would be a challenge. With domestic investment weak, Jaitley told the Hindustan Times Leadership Summit that foreign.
RBI expected to keep interest rates steady until after budget
But RBI Governor Raghuram Rajan said at the time that the central banks ability to cut further would partly depend on the government efforts to reduce Indias fiscal deficit. With that in mind, most economists polled by Reuters expect the RBI to keep.
French officials to visit India to rescue stalled Rafale jet deal
France has said it will help Hindustan Aeronautics Ltd stick to delivery schedules, but that it cannot give guarantees for production of the aircraft made at a facility over which it has no administrative or expert control. Military experts say the.
Indias growth potential is above 9 percent: Jaitley.
Asserting that Indias economic growth will be significantly better next year, Finance Minister Arun Jaitley Thursday said the real economic growth potential of the country was over 9 percent. indian-economy ���We have a roadmap to bring down fiscal deficit below three percent in a few years.. Jaitley said that after partial reforms in petrol, diesel and cooking gas subsidy, the government intends to go ahead and stem misuse of subsidised kerosene. ���We plan to go��.
Modi sell-off drive stalls, more Indian spending cuts on way.
���Given the sluggish growth of tax revenues in (the) first half of 2014/15, meeting the disinvestment target would be crucial to ensure that the fiscal deficit remains in line with the budgeted level,��� said Aditi Nayar, an economist at��.
RBIs repo rate cut: A script designed for achche din
������the government has reiterated its commitment to adhering to its fiscal deficit target,��� the statement said. This means he expects the government to maintain macro-economic stability, which is critical for keeping the inflation rate below the RBI.
Why PM Modi May Soon Order More Spending Cuts: Report.
Its more a divestment model, Finance Minister Arun Jaitley told a World Economic Forum conference on Wednesday, stressing that the state would keep control over strategic state enterprises.. Given the sluggish growth of tax revenues in (the) first half of 2014/15, meeting the disinvestment target would be crucial to ensure that the fiscal deficit remains in line with the budgeted level, said Aditi Nayar, an economist at ICRA.. Time to pay back for election expenses.
Narendra Modi committed to achieving budget deficit goal
Prime Minister Narendra Modi said on Friday he was committed to meeting this years budget deficit target, welcoming a cut in interest rates by the Reserve Bank of India on the back of falling inflation. In a speech. ���We are committed to achieving the fiscal deficit target announced in the budget,��� Modi told an Economic Times event. ���We have. ���Hopefully, it will add to growth, add to investment,��� said Jaitley, who has called repeatedly for lower interest rates. He said��.
Latest Politics News and Updates: Raghuram Rajan cuts.
Finance minister Arun Jaitley now needs to deliver cuts in subsidies, boost tax revenues and invest more in Indias rotten infrastructure when he presents his first full-year budget to parliament next month.. With Indias $2 trillion economy yet to emerge from its longest spell of sub-par growth in a generation, sources in both Mumbai and New Delhi see room for some slippage on deficit targets as long as Jaitley puts together a credible spending plan for the fiscal year to��.
Overseas portfolio investors shift money to banks, infrastructure and oil.
While cutting stakes in more than a fourth of the companies they are invested in, fund managers have shifted bets from technology and commodity-linked sectors to banks, infrastructure and oil companies amid expectations the Reserve Bank of India (RBI.
ANTI-PEOPLE BUDGET | M Venkaiah Naidu
He further said, ���I am happy to report that the revenue deficit for the current year will be 1.4 per cent against the Budget estimates of 1.5 per cent, and the fiscal deficit will be 3.1 per cent against the Budget estimates of 3.3 per cent... The interest rates will go up. In an economic jargon, my friend, Arun Jaitley, was telling me, just now, that there is a phrase called as hedging out. The people normally would look to the Government. The banks would also normally like to��.
