FISCAL

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

"The frugal fiscal crisis intervention will likely impede a rapid economic recovery and accordingly, tax revenues, and we are revising ou...Read More

Is central govt’s COVID-19 fiscal response only 1.8% of GDP as opposed to claim of 10% of GDP?

Is central govt’s COVID-19 fiscal response only 1.8% of GDP as opposed to claim of 10% of GDP?

The government's Rs 20.97 lakh crore COVID-19 package lacks in addressing immediate concerns of the economy as the actual fiscal impact o...Read More

FM's 2-day stimulus measures to cause 'actual fiscal impact' of mere Rs 66,500 cr: Barclays

FM's 2-day stimulus measures to cause 'actual fiscal impact' of mere Rs 66,500 cr: Barclays

From an "actual fiscal impact" perspective, the moves announced on Thursday focussing on migrants, urban poor and farmers will cost only ...Read More

India needs large fiscal stimulus, says Basu

India needs large fiscal stimulus, says Basu

Former chief economist of World Bank Kaushik Basu also suggested that the government may need monetisation by the Reserve Bank of India.

Centre's financial stimulus 'not sufficient'; fiscal deficit may go up to 14%: Subbarao

Centre's financial stimulus 'not sufficient'; fiscal deficit may go up to 14%: Subbarao

Former RBI Governor Duvvuri Subbarao said the Centre needs to cap its borrowings as the open ended borrowings will have negative consequ...Read More

Former RBI Guv Rangarajan to help Tamil Nadu improve fiscal position

Former RBI Guv Rangarajan to help Tamil Nadu improve fiscal position

The Tamil Nadu government on Saturday set up a high-level committee headed by former Reserve Bank of India governor C Rangarajan to exami...Read More

FY21 gross market borrowing hiked 54% to Rs 12 lakh crore

FY21 gross market borrowing hiked 54% to Rs 12 lakh crore

Accordingly, the estimated gross market borrowing in the financial year 2020 -21 will now be Rs 12 lakh crore in place of Rs 7.80 lakh cr...Read More

India's domestic air traffic to be lower at 5.5-7 crore passengers this fiscal year: CAPA

India's domestic air traffic to be lower at 5.5-7 crore passengers this fiscal year: CAPA

The latest forecast is a sharp downward revision compared to the traffic of 8-9 crore passengers estimated earlier for the same period.

‘India's rating to come under pressure if fiscal outlook deteriorates’

‘India's rating to come under pressure if fiscal outlook deteriorates’

"Further deterioration in the fiscal outlook as a result of lower growth or fiscal easing could pressure the sovereign rating in light of...Read More

COVID-19 damages India's growth and fiscal outlook, may impact sovereign rating: Fitch

COVID-19 damages India's growth and fiscal outlook, may impact sovereign rating: Fitch

"This is down sharply from our forecast of 5.6 per cent prior to the outbreak. We expect growth to rebound to 6.7 per cent in FY22 but th...Read More

'12% tax revenue growth achievable in 2020-21 fiscal': Ajay Bhushan Pandey on new tax regime

'12% tax revenue growth achievable in 2020-21 fiscal': Ajay Bhushan Pandey on new tax regime

Pandey exuded confidence of meeting the tax collection target of Rs 24.23 lakh crore for 2020-21.

Hero MotoCorp Q3 net profit rises 17% at Rs 905 crore

Hero MotoCorp Q3 net profit rises 17% at Rs 905 crore

The company had posted a net profit of Rs 772.81 crore for the corresponding period of previous fiscal, Hero MotoCorp said in a filing to...Read More

RBI keeps benchmark interest rate unchanged at 5.15 pc

RBI keeps benchmark interest rate unchanged at 5.15 pc

The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

Biotechnology major Biocon Q3 net dips 7% to Rs 203 crore

Biotechnology major Biocon Q3 net dips 7% to Rs 203 crore

The company had posted a net profit of Rs 217.2 crore for the corresponding period of the previous fiscal, Biocon said.

HDFC Bank Q3 profit rises 33% to Rs 7,417 crore

HDFC Bank Q3 profit rises 33% to Rs 7,417 crore

New Delhi: Private lender HDFC Bank on Saturday reported a 32.8 per cent growth in net profit to Rs 7,416.5 crore for the third quarter e...Read More

‘Air India, BPCL, Concor divestments unlikely this fiscal’

‘Air India, BPCL, Concor divestments unlikely this fiscal’

Work on all these companies is on and the process is facing delays due to "surprises" encountered once the wheels have begun moving

TaMo to add 100 more sales outlets for PVs this fiscal

TaMo to add 100 more sales outlets for PVs this fiscal

The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financi...Read More

Growth projection slashed to 5% for current fiscal

Growth projection slashed to 5% for current fiscal

India's economic growth according to government data has slipped to over six-year low of 4.5% in the second quarter of the current fiscal...Read More

Syndicate Bank reports Rs 251 crore net profit in Q2

Syndicate Bank reports Rs 251 crore net profit in Q2

New Delhi: State-owned Syndicate Bank on Thursday reported a net profit of Rs 251.05 crore for the second quarter this fiscal as provisio...Read More

HDFC Bank Q2 net profit rises 25% to Rs 6,638 crore

HDFC Bank Q2 net profit rises 25% to Rs 6,638 crore

New Delhi: Oct 19 (PTI) Private sector HDFC Bank Saturday reported a 24.7 per cent rise in its consolidated net profit at Rs 6,638 crore ...Read More

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