Kolkata: Exuding confidence that the Indian economy will bounce back soon, President Pranab Mukherjee on Saturday said there was no reason for gloom to prevail as steps were being taken to boost inve

A government source said the fiscal deficit could widen more than targeted for the year ending in March, potentially requiring additional market borrowing.

The government source said the fiscal defic

India will unveil a 'credible and feasible' fiscal consolidation path for the next five years, Finance Minister P. Chidambaram said on Monday, days after a government panel said the economy was on the

India is on the edge of a 'fiscal precipice' and should urgently slash fuel, food and fertiliser subsidies to curb a budget deficit that could hit 6.1 per cent of gross domestic product this fiscal year, a government panel warned.

Chief Justice of India S.H. Kapadia on Saturday said loss is a matter of fact and profit and gain is a matter of opinion, remarks that came against the backdrop of raging controversies over valuatio

Reserve Bank deputy governor H.R. Khan on Saturday said there has not been any change in the government borrowing programme for fiscal 2013 as of now.

"As of now, we are going as per the budgeted

India's wholesale inflation unexpectedly fell in July to a near three-year low but economists doubt the drop will be enough to persuade the RBI to cut interest rates at its September meeting to try to

The Finance Ministry on Thursday said it was committed to bring down burgeoning fiscal deficit and will soon come out with an action plan to achieve this objective.

Development brings economic prosperity
Dr S. Jeevananda Reddy
(former chief technical adviser, world meteorological organisation, and food and agricultural organisation, United Nations)

Developm

The government announced a series of austerity steps on Thursday, including a 10 per cent cut in non-plan expenditure for fiscal 2013, which analysts said were not enough and would not have much impac