How Satyendra Sahay lost 24 kilos in 6 months will inspire you too.
The Budget estimate of fiscal deficit for the next financial year has been underestimated by nearly 0.9 percentage point of Gross Domestic Product, or about Rs 51,000 crore. This is because the estimates for revenue collections in the Interim Budget for 2009-10 do not reflect the full impact of the duty concessions announced by the government since December 2008. The Budget estimate for fiscal deficit in 2009-10 put it at 5.5 per cent of GDP.
India's fiscal deficit, including the Centre and states, would be among the highest in the world and likely to be 10.3 per cent of GDP in the current fiscal and 10 per cent in the next fiscal, financial services firm Goldman Sachs said on Friday.
Clearly, LoCs are becoming a key arrow in India's economic diplomacy quiver.
'We have promised to ensure reduced tax rates.'
'The 24x7 power for all vision is inspiring, because as we've so often seen, where India leads, the world follows,' says Rajiv J Shah, President, The Rockefeller Foundation.
'We have the geographic advantage, demographic advantage, we have the necessary technical skills.' 'We just have to get all of these together. Then, we can very well compete.'
"The higher realisation of taxes in third quarter was associated with reduction in revenue and fiscal deficit," Minister of State for Finance S S Palanimanickam informed Rajya Sabha while tabling the statement on third quarterly review of receipts and expenditure for 2007-08.
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.
'If some measures are implemented quickly, they can help revive growth.'
Market participants say the focus of Finance Minister Pranab Mukherjee will be on fiscal deficit, more so in the wake of the recent debt crisis in some Europeon countries.
A continued focus on low inflation will be important to keeping gold imports, IMF said.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
Petrol and diesel will cost Rs 2 a litre less from Wednesday after the first excise duty cut by the Modi government comes into effect.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
I guess there is this nagging suspicion that the arithmetic adds up just too nicely. To begin with, tax revenue is expected to grow by 18 per cent on the back of a 14 per cent rise in nominal GDP.
After a delayed start, the monsoon is advancing steadily.
RBI's surprise rate cut has revived sentiments of India Inc.
'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
The central government's fiscal deficit -- the difference between its total expenditure and receipts, excluding borrowings -- for 2006-07 has been reined in at 3.5 per cent of gross domestic product.
Two members recommended bringing down the rate by 50 bps in the April policy.
The current account deficit - the gap between the import and export of goods and services - widened to 3.7 per cent of GDP during the first half of 2010-11 and was as high as 4 per cent of GDP during the second quarter.
The gains will be gradual as the measure will be executed over 12 months or so.
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
'The Chinese mindset and approach to India is far different from that in Pakistan.' 'This reality makes it possible for us to follow an engagement policy with one, while militating against engagement with the other.'
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
The book was thinner by 60 pages compared to last year.
The Chinese leader is today facing some open, or less subtle, criticism from within the party and from liberal intellectuals who are increasingly concerned by the concentration of power in his hands and the increasing authoritarianism of the regime, says Claude Smadja.
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
'A major thrust is required by the government to stimulate rural demand'.
India's balance of payments in negative territory.
Govt hikes excise duty on petrol, diesel to mop up Rs 2.5K-cr.
US interest rate normalisation policy is likely to keep global FX markets volatile.
Wiping out revenue deficit by 2008-09 will be a tough order while continuing forex inflows could create macro-economic problems
For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.
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