Search Results for: fiscal deficit

Sensex tanks 1000 points; rupee sinks to new low of 74.45 against US dollar

Forex dealers said besides strong demand for the American currency from importers, concerns of fears of rising fiscal deficit and capital outflows weighed on the domestic currency.

Oct 11, 2018

Asia stocks at 17-month low amid China concerns

Japan's Nikkei fell 1.2 percent, hurt in part by a rise in the safe-harbour yen.

Oct 9, 2018

NBFCs shares plunge as RBI plans to strengthen sector norms

The RBI left key policy rates unchanged on Friday and urged all financial firms to use long-term funds rather than rely on short-term funding.

Oct 8, 2018

Here's why US will benefit by not punishing India for buying Russia's S-400 missile system

Lobbyists in Washington are trying hard for unbiased implementation of Countering America's Adversaries Through Sanctions Act (CAATSA) but the Trump administration has sought waiver clause in CAATSA specifically for India.

Oct 8, 2018

We are marching towards a new India that will be driving engine of world growth: PM Modi

Modi said India's economy had stabilized over the last few years, fiscal deficit had come down, inflation was under control and the middle class was rising.

Oct 7, 2018

Govt to narrow current account deficit, bolster forex inflows: Finance Minister Arun Jaitley

The government has taken some steps and some more measures that are likely to narrow CAD, Jaitley said at the HT Leadership Summit.

Oct 6, 2018

RBI monetary policy decision hurts Indian currency; rupee hits new low of 74 against USD

Just after the RBI announced its decision, post 2.30 p.m., the rupee plunged to over 74 a US dollar -- the lowest ever mark -- it has touched against the greenback.

Oct 5, 2018

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Amid liquidity crisis, IL&FS chairman received 144% salary hike in FY18

For the fiscal year 2017-18, the average percentage increase in the managerial compensation was 66 percent.

Oct 4, 2018

Commerce Minister Suresh Prabhu to chair inter-ministerial meet on rupee, trade deficit

The meeting will deliberate upon ways to address India's trade deficit in goods and pressure on the rupee, the official added. Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting.

Oct 3, 2018

With Indian rupee plumbing depths, 25 million expatriates to script new remittance record

The lion's share of remittances to India come from the United Arab Emirates, the United States, Saudi Arabia, Kuwait, the United Kingdom, Qatar, Oman and Canada -- in that order.

Oct 3, 2018

Government spent Rs 1,997 crore on salaries, perks of MPs in past four years

While Rs 71.29 lakh was spent on an average for a member of Lok Sabha, Rs 44.33 lakh was spent on a Rajya Sabha member, the Lok Sabha secretariat said in response to the RTI application, filed by activist Chandra Shekhar Gaud.

Oct 3, 2018

Yes Bank CEO Rana Kapoor's extension objected by second-largest shareholder

The Yes Bank board had informed the shareholders that it has sought an extension of Rana Kapoor as the Managing Director and the CEO from RBI by eight months.

Oct 1, 2018

Three men from India jump the fence from Mexico and give themselves up to U.S. border patrol agents in Calexico, California,

Indians arrested for illegally entering United States nearly triples

The number of Indians arrested for illegally entering the United States has nearly tripled so far in 2018, making them one of the largest groups of illegal aliens apprehended, U.S. Customs and Border Protection (CBP) said on Friday.

Sep 29, 2018

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

"We have made adequate provisions for this and it will not impact the balance sheet. Our average provisioning for these cases will be around 55 per cent," said State Bank of India (SBI) Managing Director Dinesh Kumar Khara.

Sep 28, 2018

Facing cash-crunch, Pakistan government auctions eight buffaloes kept by ex-PM Sharif

Pakistan is staring at acute financial crisis with its currency falling by over 20% in the last seven months owing to balance of payment crisis. The last fiscal year ended with current account deficit of $18 billion, which is 5.7% of the GDP. The budget deficit has crossed Rs 2 lakh crore.

Sep 28, 2018

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Search Results for: fiscal deficit

Sensex tanks 1000 points; rupee sinks to new low of 74.45 against US dollar

Asia stocks at 17-month low amid China concerns

NBFCs shares plunge as RBI plans to strengthen sector norms

Here's why US will benefit by not punishing India for buying Russia's S-400 missile system

We are marching towards a new India that will be driving engine of world growth: PM Modi

Govt to narrow current account deficit, bolster forex inflows: Finance Minister Arun Jaitley

RBI monetary policy decision hurts Indian currency; rupee hits new low of 74 against USD

Amid liquidity crisis, IL&FS chairman received 144% salary hike in FY18

Commerce Minister Suresh Prabhu to chair inter-ministerial meet on rupee, trade deficit

With Indian rupee plumbing depths, 25 million expatriates to script new remittance record

Government spent Rs 1,997 crore on salaries, perks of MPs in past four years

Yes Bank CEO Rana Kapoor's extension objected by second-largest shareholder

Indians arrested for illegally entering United States nearly triples

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

Facing cash-crunch, Pakistan government auctions eight buffaloes kept by ex-PM Sharif

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]