Search Results for: fiscal deficit

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FDI in Retail, Diesel Hike: PM’s Take on India’s Big Ticket Reforms

The government shows no signs of relenting to the allies and Opposition demands for the withdrawal of policy initiatives on FDI in retail and diesel price hike, with Prime Minister Manmohan Singh saying that the long-delayed reforms were essential for reviving growth and improving the investment climate in India.

Sep 16, 2012

Govt Hikes Diesel Price by ₹5 to Fight Deficit; Allies Demand Rollback

In an unprecedented move to address the widening fiscal deficit in India, the government on Thursday hiked the diesel price by ₹5 per litre, keeping the price of petrol and kerosene unchanged.

Sep 14, 2012

Fuel Price Hike: Why Diesel, LPG Rates are Likely to Go Up

High diesel subsidies have always been a concern to state-owned oil companies and concerns have now shot up owing to the crippling economic growth, which is incurring record-setting losses to oil suppliers.

Sep 7, 2012

Greenpeace Launches “Enabling Clean Talking” Report on Phase-out of Diesel Consumption from Telecom Sector

Greenpeace on Tuesday (Aug 28) launched its second report "Enabling Clean Talking" to promote complete phase out of diesel consumption within the telecom sector.

Sep 4, 2012

oPhone: People can now send Scented Messages to Loved Ones (Representational Image) [Reuters/Robert Galbraith]

Indian Application Development Software Market to Expand by 23 pct in 2012

Indian application development market is expected to touch $227 million this fiscal year, a 22.6 per cent growth over last year, according to a recent market trends data.

Aug 27, 2012

North-East Tensions: Pakistan Denies India’s Allegations It's Fanning Mass Exodus

Pakistan government on Sunday rejected the allegations made by India over its connection with the prevailing communal uneasiness in the subcontinent.

Aug 19, 2012

Lack of Investment, Slow GDP to Affect National Security, Says PM

In his address to the nation on 66th Independence Day from Red Fort in Delhi, Prime Minister Manmohan Singh said that lack of political consensus on many issues is affecting India's economic growth.

Aug 15, 2012

RBI Maintains Hawkish Stance on Repo Rate Amid High Inflation Risks

The Reserve Bank of India (RBI) on Tuesday left its repo rate unchanged at 8 percent in its quarterly monetary policy review on Tuesday, in view of high inflation and fiscal disappointments that marked an economic setback in almost a decade.

Jul 31, 2012

Microsoft Fourth Quarter 2012 Results: Posts Net Loss of $492 Million

Microsoft Corp. on Thursday reported a net loss of $492 million for the quarter ended June 30, 2012. It is the first loss for the company ever since it went public in 1986. Microsoft fourth quarter 2012 results that were announced on Thursday posted a revenue of $18.06 billion.

Jul 20, 2012

IMF Cuts India Growth Projections to 6.1 Per Cent for 2012; Recommends Subsidies Cut

The International Monetary Fund (IMF) on Monday revised India's economic growth to 6.1 percent for 2012 from the previous April projection of 6.8 percent.

Jul 17, 2012

Diesel Price Likely to be Hiked After Presidential Polls

Indian government is likely to hike diesel price after July 19 presidential polls, says an oil ministry source on Thursday. The source however didn't reveal the amount to be hiked.

Jul 12, 2012

Fitch Rates India's Outlook to Negative; Finance Minister Says Positive Economic Trends Ignored

Fitch Ratings on Monday changed its outlook on India's credit to negative from stable.

Jun 19, 2012

After President, It's Race For Next Finance Minster: List of Probable Candidates

In the wake of President poll current Finance Minster Pranab Mukherjee will be official filing his resignation by July 25 as the Congress has nominated him for the top post.

Jun 18, 2012

Diesel Cars May Turn Costlier, Special Tax of ₹255,000 On Cards

Oil Minister S Jaipal Reddy recommended a hike in excise duty to be imposed on diesel-based vehicles. The proposed levies, it is said, will be as steep as INR 255,000 for sedans and sports or multi utility vehicles, while smaller vehicles will be slapped with an excise tax of INR 170,000.

Jun 13, 2012

Indian Economy To Grow at 6.9% For 2012: World Bank

The Indian economy is set to grow 6.9 percent in the current financial year as projected by the World Bank on Wednesday.