Search Results for: fiscal deficit

india-gets-bids-worth-3-9-billion-in-coal-india-sale

India gets bids worth $3.9 billion in Coal India sale

New Delhi, Jan 31 (ANI): India received bids worth about 240 billion rupees for the sale of a 10 percent stake in state-run Coal India limited, a senior government official said, citing preliminary data. The share sale in the world's largest coal producer was fully covered on Friday. Jan 31, 2015
india-revises-up-2013-14-gdp-growth-to-6-9-percent

India revises up 2013/14 GDP growth to 6.9 percent

New Delhi, Jan 31 (ANI): India revised its economic growth to 6.9 percent from 4.7 percent in the fiscal year to March 2014 after the government changed the formula to measure the economy, a move that will make it easier for the government to meet fiscal deficit goals. The new measurement of Gross Domestic Product (GDP) includes under-represented and informal economic sectors as well as items such as smartphones and LED television sets. The government also revised its GDP for 2012/13 to 5.1 percent from 4.5 percent earlier. New Delhi revises the method of calculating national accounts and other macro data every five years, bringing in a newer base year and adjusting for changes in the economy. It will now use 2011/12 as the new base year, instead of 2004/05. The new methodology moves India more in line with global standards by measuring the economy at market prices, and by tracking consumer rather than wholesale inflation. Jan 31, 2015
Prev 237 238 239 240 241 242 243 244 245 246 Next