LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  EAC-PM wants the government to stick to the fiscal consolidation road map

EAC-PM wants the government to stick to the fiscal consolidation road map (12-Oct-2017)

Amid the speculation of the government announcing stimulus measures to boost growth, the newly constituted Economic Advisory Council to the Prime Minister (EAC-PM) in its first meeting wants the government to stick to its fiscal consolidation road map and has suggested that stimulus to the industry should not be at the cost of fiscal prudence. The EAC-PM which is headed by Bibek Debroy said that " There is a consensus (among the members)... That the fiscal consolidation exercise should not be deviated." The government has pegged the fiscal deficit target at 3.2 per cent for the current fiscal and 3 per cent for the next financial year.

The council identified ten themes, around which its report would be structured, the themes identified are economic growth, employment and job creation, informal sector and integration, fiscal framework, monetary policy, public expenditure, institutions of economic governance, agriculture and animal husbandry, patterns of consumption and production and social sector.

The council also recommended the need for effective tracking of key economic parameters through possible mechanisms for instituting an economy track monitor for action based on informed assessment and analysis. Debroy further said that there is a consensus among us about the various reasons that have contributed to the slowdown in the growth rate and the Council will provide specific recommendations that can be implemented in near term.


Top News Today
M&M's arm inks MoU with MACP
(19-Feb-2018)

M&MMahindra & Mahindra's (M&M) wholly owned subsidiary - Mahindra Agri Solutions has inked a Memorandum of Understanding (MoU) with Maharashtra Agriculture Competitiveness Project (MACP),......click on news to read complete article.

Shree Cement commissions new Cement Grinding Unit at Bihar
(19-Feb-2018)

Shree Cement commissions new Cement Grinding Unit at BiharShree Cement has commissioned new Cement Grinding Unit namely 'New Bihar Cement Plant'. The unit with capacity of 2 MTPA is located at Aurangabad in the state of Bihar.The company had recently commissioned......click on news to read complete article.

Premier Explosives receives Management System Certificate from DNV
(19-Feb-2018)

Premier Explosives receives Management System Certificate from DNVPremier Explosives has received the Management System Certificate from DNV GL Business Assurance (DNV), USA after the company has been found to conform to the Quality Management System Standard ISO 9001:2015......click on news to read complete article.

International Stock News
Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

US markets end mixed on Friday
(17-Feb-2018)

US markets end mixed on FridayThe U.S. equity markets paring most of their early gains ended mixed on Friday after Special Counsel Robert Mueller's office revealed that a federal grand jury has indicted several Russian nationals for......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.