Search Results for: fiscal deficit

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DERC approves power tariff hike

New Delhi, July 17 (ANI): The Delhi Electricity Regulatory Commission has approved a tariff hike of 8.32 per cent for the three electricity distribution utilities (discoms), BSES Yamuna, BSES Rajdhani and Tata Power Delhi Distribution Ltd for the fiscal 2014-15. Tariffs in the New Delhi Municipal Corporation area has also been hiked by 9.52 per cent. Jul 17, 2014
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Tibet NGO prompts BRICS leaders to discuss Tibet-China issues

Dharamsala, July 16 (ANI): A group of Tibetan non-governmental organization, the International Tibet Support Network (ITSN) in Dharamsala prompted Prime Minister Narendra Modi and other BRICS leaders to discuss the Tibetan issue with Chinese President Xi Jinping. On the sidelines of BRICS summit at Fortaleza in Brazil, Modi met Xi on Tuesday, as they discussed the unresolved border issue and highlighted the need to address the trade deficit. The sixth summit of the BRICS, which consists of Brazil, Russia, India, China and South Africa, will be held in Brazil till July 16. Spokesperson of ITSN, Lobsang Tseten, said their primary aim is to urge the leaders and seek their help to resolve the ongoing crisis in Tibet. China has ruled Tibet since 1950, when Communist troops marched in and announced its "peaceful liberation". Tibetans feel their intensely Buddhist culture is at risk of annihilation by Beijing's political and economic domination and the migration of majority Han Chinese into the Himalayan region. Jul 16, 2014
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Inflation Eases to 5.43% in June

WPI_based Inflation in India has eased to 5.43 percent in June, lower from the five-month high of 6.01 percent in May. Jul 14, 2014
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Budget will revive growth, says finance secretary

New Delhi, July 12 (ANI): Finance Secretary Arvind Mayaram while speaking at an interactive session in New Delhi on Saturday said the budget for the fiscal year 2014-2015 is growth oriented and will revive the economy. Mayaram defended Finance Minister Arun Jaitley_s maiden budget that was presented in the parliament on Thursday holding that the government will maintain the fiscal deficit at the projected 4.1 percent of GDP (Gross Domestic Product). The President of Federation of Indian Chambers Of Commerce and Industry (FICCI), Sidharth Birla, along with its members was also present at the event. Jul 12, 2014
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Right to Food Campaign expresses disappointment over budget

New Delhi, July 12 (ANI): The Right To Food Campaign (RTFC), expressed disappointment over maiden budget of Prime Minister Narendra Modi’s government, saying it failed to address the issue of Food Security Act and food subsidy. The RTFC, which is a network of individuals and organizations committed to realization of right to food in India, held a meeting in New Delhi and said Finance Minister Arun Jaitley did not speak about national food security law in the fiscal budget of 2014-2015, which was presented in the parliament on July 10. It said that BJP’s manifesto, which defined national security as universal food security, did not address it. Director Centre for Equity Studies, Delhi, Harsh Mander, said Jaitley had continued insensitivity trend. Jul 12, 2014
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Infosys quarterly-1 profit up 21.6 percent, retains annual forecast

Bangalore, July 11 (ANI): India's second largest IT services provider Infosys posted on Friday a higher-than-expected quarterly net profit growth of 21.6 percent, retaining its revenue guidance of seven to nine percent for the fiscal year 2015. Shibulal, the last of Infosys' seven founders to hold the role of CEO and who is leaving at the end of this month, said the company had already taken several measures to retain staff, including quarterly promotions. Jul 11, 2014
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