See FY14 GDP at 5.8-6%, optimistic on CAD: ICRA

Until the end of the year the budget deficit shall exceed 5.5 percent of the GDP even if all austerity measures announced for cutting of the country's deficit are implemented. In order to prevent public debt crisis from breaking out, the Government ...

The economc research council has projected Centre's fiscal deficit this financial year to be 5% of GDP The National Council of Applied Economic Research (NCAER) has projected that the Indian economy would grow at 6.2 per cent in 2013-14, led by a reasonable growth in agriculture. It has projected the Centre's fiscal deficit this financial year to be 5 per cent of the GDP, higher than the government's target of 4.8 per cent. In its April 2013 Quarterly Review of the Economy, the think-tank ...

Jerry Whitaker presented the city's proposed budget to council earlier this week, a plan that includes a 3-percent raise for city employees and a $540,000 increase in funding for schools. Whitaker, director of finance, said that the city's budgetary ...

The Modesto City Council will start its deliberations today on Mayor Garrad Marsh's budget proposal for the 2013-14 fiscal year, which starts July 1. Marsh's budget focuses on public safety, directing nearly all of the city's expected revenue growth ...

The Peoria City Council approved a tentative budget of $468 million for the upcoming fiscal year that would not increase utility rates or taxes. The council approved the tentative budget by a 5-2 vote Tuesday night, with Councilman Ron Aames and ...

Detroit City Council members on Tuesday made a longshot appeal of the state's declaration that the city has no adequate plan to fix its fiscal crisis, arguing that more time is needed to implement a budget-cutting deal reached with the state less than a year ...

The Memphis City Council meeting was tense. The deadline was tight. Memphis Mayor A C Wharton chose easy-to-understand metaphors to explain a complicated situation. The city has been flirting with trouble, but it isn't on such a list yet, according ...

The Montgomery County Council gave formal approval Thursday to a $4.8 billion operating budget for the fiscal year that begins July 1. The spending plan, a 4.1 percent increase over the current fiscal year, includes pay raises averaging 7 to 10 ...

Los Angeles Councilman Eric Garcetti, elected mayor in a race shaped by dire fiscal constraints and questions of how to tame runaway budget deficits, declared victory on Wednesday by tweeting "the hard work begins." Garcetti crossed the finish line ...