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In blow for India, S&P affirms negative outlook, reforms key
The rating agency said the main drag on India's rating is a high fiscal deficit and heavy government borrowing, although it also said India's position had improved over the past year. #S&P #India #Manmohan Singh #fiscal deficit #Chidambaram #ExpertView
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Rupee weakens despite WPI easing, CAD worries continue
The rupee still remains constrained by other factors, including concerns the current account deficit will widen after data on Monday showed a spike in the trade deficit due to a jump in gold and oil imports. #Economy #Rupee #WPI #Trade Deficit #CurrencyWatch #CAD
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Govt expects foreign gold appetite to subside by next month
Talking to reporters, Economic Affairs Secretary Arvind Mayaram said it appears that to hedge against future rise the traders in India have imported large quantity of gold. #Gold #MetalWatch #Trade Deficit #gold imports #CAD
Blog posts
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Dont rejoice just yet. Falling gold prices may not reduce CAD
High price sensitivity of demand may actually increase Indians� demand for gold and eventually end up with little or no impact on the CAD. #Inflation #Economy #Gold #RBI #Current Account Deficit #ExpertView #gold imports #policy
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Budget 2013: Weak investment demand will mark fiscal 2013-14
Fiscal 2013-14 will be characterised by weak investment demand more than anything else. #GDP #Eurozone #fiscal deficit #Budget2013
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Budget 2013: No room for tax hikes ties govt hands on revenue front
Taxes cannot be raised at a time when the economy is slowing down while it cannot be broadened as elections are due in 2014. #Numbers #GDP #fiscal deficit #Chidambaram #Taxation #Budget2013 #Union Budget 2013
Wire
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Guardian UnlimitedWhat's all this about the EU's 'democratic deficit'? | Peter Millar
One of the best arguments against referendums is that they are seldom fought on facts, and more often on buzz phrases or received wisdom, little of it wise. The most commonly heard buzz phrase circulating in Britain's soul-searching over our membership o #European Union #United Kingdom
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Moneycontrol.comObama's budget cuts deficit $1.1 trillion over decade: CBO
Near-term US deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office (CBO) this week but would be USD 1.1 trillion lower over the coming decade, CBO said on Friday. After four straig #Barack Obama #Congressional Budget Office #United States Department of the Treasury
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GulfToday.aeObama budget cuts deficit $1.1 trillion over decade
WASHINGTON: Near-term US deficits under President Barack Obama’s 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it estimates over the coming decade, CBO said on Friday. #Congressional Budget Office #Barack Obama #United States Department of the Treasury