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  :  Govt likely to stick to fiscal deficit target: PMEAC member

Govt likely to stick to fiscal deficit target: PMEAC member (18-Oct-2017)

Amid the talks of fiscal stimulus from the government, a member of the Prime Minister's Economic Advisory Council (EAC) Surjit Bhalla has indicated that government will likely stick to deficit target. He said the government had stuck to its fiscal deficit targets over the past three years and is expected to do so this year as well.

Bhalla said the Council's views on the fiscal deficit has been communicated to the government by its chairman Bibek Debroy, adding that the government is likely to stick to its fiscal deficit target of 3.2 per cent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalise banks.

He further said that GDP growth could be close to 6.5 percent for the fiscal year, although that is lower than the government's earlier estimate of about 7.3 percent. Growth slipped to its lowest level in three years in the first quarter, logging an annual rate of 5.7 percent.

Recently, President of the Federation of Indian Chambers of Commerce and Industry Pankaj Patel has called on the Reserve Bank of India (RBI) to reduce the price of money for Indian business by easing the fiscal deficit and inflation targets and allowing the rupee to depreciate against major currencies.


Top News Today
Tata Power's arm launches Club Enerji in Ajmer
(20-Feb-2018)

Tata PowerTata Power's arm -- Tata Power Ajmer Distribution (TPADL) -- has launched Club Enerji in Ajmer its first Energy Club at Rajkiya Balika Sr. Secondary School at Ramnagar, Ajmer.Club Energy is working towards......click on news to read complete article.

Atlas Cycles launches India's first Titanium Bicycle
(20-Feb-2018)

Atlas Cycles launches IndiaAtlas Cycles (Haryana) has launched India's first Titanium Bicycle. The bike was launched at Auto Expo 2018 and was the center of attraction among the visitors and media. This premium bike for professional......click on news to read complete article.

NIIT Technologies, Arago to accelerate Artificial Intelligence adoption in GICs
(20-Feb-2018)

NIIT Technologies, Arago to accelerate Artificial Intelligence adoption in GICsNIIT Technologies is planning to deepen its partnership with Arago to optimize the IT operations of Global In-House Centers (GICs) using Artificial Intelligence (AI) to deliver greater agility, high quality......click on news to read complete article.

International Stock News
Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......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.