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Watch: Jaitley hints at bold budget reforms, says must refrain from 'mindless populism'

Jul 02, 2014

Watch: Jaitley hints at bold budget reforms, says must refrain from 'mindless populism'

India's fiscal deficit in the first two months of the 2014/15 financial year hit Rs 2,40,837 crore ($40.05 bln), or 45.6 percent of the full-year target, latest government data showed.
#Economy #India #Finance minister #fiscal deficit #Arun Jaitley #Growth #Current Account Deficit #Budget #Budget2014
Budget 2014: Ramesh Damani says markets will rally until elections

Feb 17, 2014

Budget 2014: Ramesh Damani says markets will rally until elections

P Chidambaram's interim budget lived up to predictions that it would be a non-event for markets, with the BSE's Ramesh Damani saying the numbers are nothing to scare the market, especially since there were no new populist schemes announced. #GDP #Emerging markets #P. Chidambaram #Rupee #fiscal deficit #markets #Current Account Deficit #2014 Lok Sabha Elections #Vote on account #interim budget
Current account deficit to be $45 bn this year: Chidambaram

Feb 17, 2014

Current account deficit to be $45 bn this year: Chidambaram

The government had increased customs duty on gold thrice in 2013 to 10 percent and the RBI had imposed a series of curbs on inward shipments of the yellow metal. #Numbers #Economy #India #P. Chidambaram #Current Account Deficit #Vote on account
RBI expects CAD to decline to 2.5%, raises hope of gold import duty cut

Jan 28, 2014

RBI expects CAD to decline to 2.5%, raises hope of gold import duty cut

There is pressure on the government to reduce import duty on gold and relax inward shipment of the metal. The government had raised the customs duty on gold in phases from 4 percent to 10 percent in 2013 to check CAD. #Inflation #Economy #Gold #P. Chidambaram #RBI #Reserve Bank of India #FDI #Raghuram Rajan #Current Account Deficit #PolicyWatch #CAD
India's 'strong' fundamentals will reduce rupee worry: Mayaram

Jan 27, 2014

India's 'strong' fundamentals will reduce rupee worry: Mayaram

The Indian rupee fell to as low as 62.90 to the dollar on Monday, its lowest since Nov. 22, as emerging markets remained under pressure on fears about an economic slowdown in China and uncertainty about monetary stimulus tapering by the U.S. Federal Reserve. #Economy #Rupee #TheySaidIt #Current Account Deficit #economic affairs secretary #QE #Arvind Mayaram #taper #U S Federal Reserve Bank
With Rs 7,700 cr tax amnesty flow FinMin confident of meeting deficit target

Jan 24, 2014

With Rs 7,700 cr tax amnesty flow FinMin confident of meeting deficit target

Gold imports which had touched 162 tonnes in May, fell to 19.3 tonnes in November. The government has hiked import duty on gold three times in 2013 taking the levy to 10 percent and had also imposed other import restrictions. #Gold #GDP #P. Chidambaram #finance ministry #NewsTracker #Current Account Deficit #CAD #Voluntary Compliance Encouragement Scheme #VCES
Moody's believes worst is over for India's economy

Jan 22, 2014

Moody's believes worst is over for India's economy

Prospects about the forthcoming general elections may lift business confidence and will be the trigger for the economy, which has stabilised after downside risks eased with the rupee and current account issues under control. #Economy #India #GDP #Rupee #NewsTracker #Moody's #Current Account Deficit
BRICS GDP better than the advanced world: Stiglitz

Jan 15, 2014

BRICS GDP better than the advanced world: Stiglitz

Stiglitz also said that the single minded focus by the western countries on the inflation was wrong. #Economy #India #Montek Singh Ahluwalia #BRICs #TheySaidIt #Current Account Deficit #Joseph Stiglitz