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Divestment answer to India's eco concerns: Moody's16-JUL-09
The government plan to sell stakes in state-owned enterprises would help it address many of India's existing economic concerns and alleviate the current "fiscal stress", according to Moody's.
Road map for PSU disinvestment in 3-4 weeks: Finance Sec15-JUL-09
The Finance Ministry today said a road map for disinvestment in public sector units will be brought out in three-four weeks, but there would be no strategic sale.
Govt's direct tax arrears at Rs 2.1 lakh cr at May-end14-JUL-09
The government's direct tax arrears, including income and corporate tax, stood at over Rs 2.1 lakh crore at the end of May this year, while about eight per cent of the total amount was collected so far.
Economy showing early signs of recovery: FM14-JUL-09
Finance Minister Pranab Mukherjee today said the economy was showing early signs of recovery and explained that the government had to increase borrowings to invest more in the absence of private investments.
Fin Min-led GOM to handle 3G spectrum issues13-JUL-09
The government today constituted a Group of Ministers to look into pricing and auctioning of spectrum for 3G telephony that will revolutionise the way data is received and transferred on mobile phones.
Finance Minister allays fear of high govt borrowing11-JUL-09
The Government today allayed apprehensions that its high borrowings, pegged at about Rs 400,000 crore to fund its widening fiscal deficit, will dry up resources for the private sector, a fear that sent stock markets to a tailspin after presentation of the Union Budget.
Govt to return to FRBM target at the earliest: MoS finance10-JUL-09
The government today said it will return to the FRBM target for fiscal deficit at the earliest, as soon as the negative effects of the global economic crisis on India are overcome.
IDBI expects interest rates to go up in Q310-JUL-09
State-run IDBI Bank expects interest rates, both on deposits and advances, to increase from the third quarter of the present financial year.
'Rural electrification lags due to delay in forest clearance'10-JUL-09
The government today said its flagship rural electrification scheme is lagging behind the target due to various reasons, including delayed forest clearance for executing the projects.
'Rs 40,000 cr revenue foregone to give fiscal stimulus'10-JUL-09
Revenue worth over Rs 40,000 crore was foregone to provide fiscal stimulus to the economy following the global financial meltdown, Finance Minister Pranab Mukherjee said today.
Lawyers in Delhi protest service tax on law firms, go on strike09-JUL-09
Lawyers of the district courts in the national capital went on a day-long strike today as a mark of protest against imposition of service tax on law firms.
India's ratings may be lowered on high fiscal deficit: S&P08-JUL-09
Global rating agency Standard and Poor's today said that India's ratings may be lowered if fiscal consolidation is delayed further, as high fiscal deficits are not sustainable in the medium term.
Glass manufacturers unhappy with the budget08-JUL-09
A top body of glass manufacturers has expressed disappointment over the Budget 2009-10, saying it did not have any direct benefit for the packaging industry in general and the container glass industry in particular.
  
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