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India can't handle high fiscal deficit for long: Mukherjee09-NOV-09
Finance Minister Pranab Mukherjee has said that India will not be able to sustain high fiscal deficit in the long run, but he did not give any timeframe for withdrawing the stimulus measures that inflated the deficit.
Stimulus to stay; may cut oil, fert subsidies: FM03-NOV-09
The government today said it is looking at steps to cut subsidy on fertiliser and oil sale with an aim to cutting non-Plan expenditure and contain fiscal deficit.
Fiscal deficit touches half of budget estimate in six months30-OCT-09
The fiscal deficit for the six-month period stood at Rs 1,97,775 crore, which is 49.3 per cent of the total estimate of Rs 4,00,996 crore for this fiscal.
Higher govt borrowings do not crowd out private credit27-OCT-09
With the government raising over 80 per cent of its planned borrowings in the first half of the financial year on the back of adequate liquidity in the system, the fear of private credit getting crowded out have subsided, according to the Reserve Bank of India (RBI).
Large fiscal deficits make price control tough, says RBI23-OCT-09
In an indirect warning to Delhi, the Reserve Bank of India (RBI) today said central banks could find it tough to maintain price stability if governments continued to incur large deficits.
Fiscal consolidation to start next year: PMEAC21-OCT-09
The Prime Minister's Economic Advisory Council today said the process to bring down the fiscal deficit from the current 6.8 per cent to a more sustainable level could start from next year.
Govt may defer stake sale fund16-OCT-09
Facing a fiscal deficit of 6.8 per cent of Gross Domestic Product for the current financial year, the government is likely to delay for a year or two the National Investment Fund (NIF), a move that will enable it to keep disinvestment proceeds in the Consolidated Fund of India (CFI).
Fiscal deficit till Aug at 45.5% of full-year target30-SEP-09
India's fiscal deficit touched 45.5 per cent of the full-year estimate in the first five months of the current fiscal.
Rising fiscal deficit not sustainable: FM24-SEP-09
Finance Minister Pranab Mukherjee today said the country’s GDP growth might exceed 6 per cent in the current financial year, but a rising fiscal deficit was not sustainable in the long term.
Indian real estate sector to witness recovery from end-200911-SEP-09
The Indian real estate is expected to enter the recovery phase by end-this year and macro-economic and sector-specific factors will act as catalysts in this recovery, a leading real estate consultancy said.
UP heading towards 'fiscal stress': CAG10-SEP-09
There has been an all-round deterioration in the financial condition of Uttar Pradesh and the state may be heading towards "fiscal stress" in the medium-to-long term, says the Comptroller and Auditor General of India.
Finmin, RBI to firm up borrowing schedule for second half soon08-SEP-09
Finance Ministry and Reserve Bank officials will meet in the next 10-12 days to decide on a schedule for government borrowings for the second half of the current fiscal.
Fiscal deficit till July at 40% of the full-year target31-AUG-09
India's fiscal deficit touched 40 per cent of the full-year estimate in the first four months of FY10, kindling fears that expenses will exceed income beyond what was projected earlier.
US fiscal deficit to touch $9.05 trillion in 10 yrs26-AUG-09
The US fiscal deficit is projected to touch a staggering $9.05 trillion in the next ten years, with the government unleashing massive public spending measures to bolster the recession-hit economy.
'Fiscal deficit not to exceed 6.8% target'24-AUG-09
The Planning Commission today said the fiscal deficit, the difference between total revenue and expenditure, will not exceed the budgetary estimate of 6.8 per cent of gross domestic product (GDP).
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