NEW DELHI – India risks missing its budget deficit target for the current fiscal year, data released on Thursday suggested, and economists said the government had already started to cut capital spending in an attempt to narrow the gap. The data showed the fiscal deficit in the April-November […]
Mumbai, Nov 29: The BSE Sensex rose for the fourth straight session Thursday, rallying over 450 points on short-covering as the November derivatives series ended amid a robust rally in the rupee. Positive global cues after dovish comments from US Fed Chairman Jerome Powell also boosted investor sentiment, traders […]
New Delhi, Nov 18: The Centre should stick to the fiscal deficit target for 2018-19 and continue with the reforms undertaken during the over four years of the Narendra Modi-led government, former Niti Aayog Vice Chairman Arvind Panagariya said Sunday. The present government, Panagariya said, has made a huge […]
SINGAPORE/NEW DELHI – Saudi Arabia, the world’s biggest oil exporter, will supply Indian buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday. The extra cargoes indicate a willingness by Saudi Arabia to increase crude supply to […]
open view web desk MUMBAI- India on Monday moved to take control of Infrastructure Leasing and Financial Services (IL&FS), whose recent defaults have roiled Indian markets, in a rare move highlighting the extent of the woes at the debt-laden financing and construction firm. The government has filed an […]
open view web desk NEW DELHI – India will borrow gross 2.47 trillion rupees ($34.08 billion) from the market between October and March through dated securities, lower than budgeted estimates, Economic Affairs Secretary Subhash Chandra Garg said on Friday. Reuters had previously reported the borrowing for the […]
open view web desk MUMBAI – Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar, the summer capital of Jammu and Kashmir state in the north. Construction of the Z-Morh tunnel came […]
open view web desk MUMBAI – A credit crunch facing Infrastructure Financing and Leasing Services Ltd (IL&FS) has roiled the nation’s financial markets in recent days, triggering concerns about risk in the rest of the country’s shadow banking sector. Below is an outline of what the company does […]
open view web desk NEW DELHI – Finance Minister Arun Jaitley said on Saturday that the government is confident of meeting its fiscal deficit target of 3.3 percent of gross domestic product in the current fiscal year, a day after outlining a number of measures to bolster the […]
open view web desk New Delhi: Petrol and diesel prices Friday scaled new highs as rates were increased on account of rupee depreciation and rise in international oil rates. While petrol price was increased by 28 paise a litre, diesel rates went up by 22 paise, according to a […]
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