World Bank has released its report on Global Economic Reports 2014, according to which India’s growth is projected at 5.5% in 2014-15, increasing to 6.3% in 2015-16 and 6.6% in 2016-17. Released just head of the new govt’s budget, the report says: Domestic investments will rebound and manufacturing activities are likely to pick up. Simplified tax structure, Goods and … [Read more...] about World Bank’s Recommendations To India
Govt Assures Of Steady Economic Growth
UPA government has said that Current account deficit (CAD) has been brought down to $32 billion and $28.5 billion has also been added to the reserves. Fiscal deficit has been contained within the target. Targets have been achieved in tax collection in the direct, but in indirect segments a net shortfall was seen in the central excise and service tax segments. Fiscal … [Read more...] about Govt Assures Of Steady Economic Growth
Will present fiscal deficit of 4.5% breach the fiscal roadmap set by Kelkar ?
Fiscal Deficit to Be Closely Monitored By the Rating Agencies Congress Party will be looking to give away election year sops to woo their voters. At the same time, the performance of the Finance Ministry will be closely monitored by the Global Rating agencies. They will basically look into incomes generated with government spending. If the Finance Ministry targets fiscal … [Read more...] about Will present fiscal deficit of 4.5% breach the fiscal roadmap set by Kelkar ?