Arvind Mayaram

Betting on more investments: Arvind Mayaram says target of 4.1% fiscal deficit feasible

India's top finance ministry official said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 per cent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.

Irrational sentiment impacting rupee value: Mayaram

Mayaram further said the government does not plan to ban derivatives trading in the currency market, a move that experts feel could help in curbing speculation.

Something for the FinMin to smile about: Falling crude prices help control fiscal deficit

Lower crude prices mean less government outlay for India, which imports 80 percent of its oil needs - at a cost of $168 billion last year - and subsidizes oil products such as diesel and fertilizer.<br />

Diesel prices will soon become market linked, says Mayaram

The Finance Ministry today expressed hope that domestic diesel prices will soon become market linked in the backdrop of softening global crude oil rates.

No cheer yet: Fin Min says restrictions on gold imports likely to continue

The Finance Ministry today indicated that restrictions on gold import scheme are likely to continue till situation becomes "more comfortable".

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.<br /><br />

Don't worry about rupee, India's forex reserves at all-time high: Mayaram

Seeking to assuage investors worried over declining value of the rupee and falling stock markets, the Finance Ministry today said country's economic fundamentals are "very strong" and there is no cause for concern.<br /><br />

Ambani, Bajaj, Mahindra among Indian execs skipping WEF

Despite these dropouts, Indian delegation still runs into about 125 business and political leaders, which makes India's presence fourth largest after the US, UK and the host country Switzerland.<br /><br />

Not to cross borrowing limits, mindful of bond yields: Mayaram

Mayaram also said he is confident of meeting the divestment target of Rs 40,000 crore, though seven months into the fiscal they has been able to garner only about Rs 1,150 crore.

India will fully finance CAD sans draw down on reserves: Mayaram

Mayaram added the government would not have to go beyond the finance ministry's planned market borrowing for the year, and would be able to meet its budgeted revenue target.<br /><br />