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About 50 results for "fiscal policy statement"

State-run banks wrote off Rs 81,683 cr loans in FY17

State-run banks wrote off Rs 81,683 cr loans in FY17

New Delhi: State-run banks have written off loans worth Rs 81,683 crore during fiscal 2016-17, Parliament was informed on Tuesday. Finance Minister Arun Jaitley told the Rajya Sabha in a written reply that loans are written off for tax benefit as well as ... Sify, 1 week ago
Money Control

Govt committed to growth revival, fiscal consolidation: Finance Ministry

The fiscal policy of the government and hence the budget 2017-18 has been guided by the twin macro-economic need of reviving growth momentum while being committed to fiscal consolidation, said the Fiscal Responsibility and Budget Management (FRBM) quarterly ...
 Money Control2 months ago

Bad news for Indian IT companies as US toughens H1B Visa guidelines

Donald Trump's administration has announced a new policy that tightens the procedure of issuing H-1B visas to those to be employed at one or more third-party worksites. This move can significantly impact Indian information technology (IT) companies including ...
 catchnews.com2 weeks ago Trump administration makes H-1B visa approval tougher  Sify3 weeks ago Trump admin makes H1-B visa approval tough; Indian firms to be impacted  Rediff.com3 weeks ago Indian firms to be hit as US makes H1-B visa approval tough  Mathrubhumi3 weeks ago

Sensex slides 113 pts as RBI holds policy rate

Benchmark Sensex fell over 113 points in volatile trade to end at 34,082.71 today after the Reserve Bank left the key policy rate unchanged but lowered economic growth projection for 2017-18. The central bank kept the interest rate unchanged as widely ...
 Deccan Herald1 month ago Sensex slides 113 points as RBI holds policy rate  Rediff.com1 month ago Sensex down 69 pts as RBI keeps rate unchanged  Deccan Herald1 month ago

15th Finance Commission will need to define 'populism': Chairman

New Delhi : The 15th Finance Commission, set up to recommend the devolution of central pool taxes to states as well as a fiscal consolidation roadmap for government finances, will require to define what constitutes a "populist" measure in order to fulfil its ...
 Sify2 weeks ago

Vasundhara Raje gags the gag order

The state government has taken back the disputed gag ordinance from the select committee ruling out any possibility of passing any law which could inetrefer with the 'freedom' of media. The controversial ordinance that was aimed at giving immunity to judges, ...
 DNA3 weeks ago

RBI forecasts lower growth for 2018, sees pickup next fiscal

The Reserve Bank on Wednesday lowered the economic growth projection for 2017-18 to 6.6 per cent, but said that it will accelerate to 7.2 per cent in the next financial year as the roll-out of GST stabilises and credit offtake improves.  The statement, issued after the 2-day meeting of the 6-member Monetary Policy Committee of the Reserve Bank of India, also said that recapitalisation of public sector banks along with resolution of stressed assets under the Insolvency and Bankruptcy Code ...
 Rediff.com1 month ago RBI lowers economic forecast to 6.6% for FY18  Rediff.com1 month ago

RBI expects retail inflation to rise to 5.1%

The Reserve Bank is expecting retail inflation to rise to 5.1 per cent in the last quarter of the ongoing fiscal due to rising crude oil prices and hike in salary components of government employees. The central bank has also projected inflation to be in the range of 5.1-5.6 per cent in the first half of 2018-19.Meanwhile, the RBI has kept the key repo rate, at which it lends to banks, unchanged at 6 per cent. "Domestic pump prices of petrol and diesel rose sharply in January, reflecting ...
 Rediff.com1 month ago

The real reason behind the fiscal slippage

In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle. Are electoral compulsions trumping fiscal prudence or is there more to the story? Illustration: Uttam Ghosh/ Budget speeches always focus on the good news. Bad news, like the worrying slippage in fiscal consolidation this year, are pushed into the background.   Arun ...
 Rediff.com1 month ago

Do we need a Budget at all?

'The clubbing of policy announcements in the Budget speech creates policy surprises.''Economic actors dislike policy surprises because they throw their plans off track,' points out Alok Tiwari.Illustration: Uttam Ghosh/ It will soon be time for the Union and state Budgets, the principal rituals of the Indian fiscal system. The Budgets receive extensive media coverage and are given critical attention by experts and the laity alike. Budgets, as presented in India, broadly encompass ...
 Rediff.com1 month ago
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