Fiscal Consolidation

Federal Bank FY13 net up 13 per cent at Rs 852 crore

Saturday April 27, 2013

Federal Banks consolidated profit grew by 13.12 per cent to Rs 852.66 crore in the fiscal year ended March 31, 2013, the Kerala-based private lender said on Saturday.

Recent measures to help India realise potential growth rate: IMF

Sunday April 21, 2013

The series of recent steps taken by New Delhi, including putting pending projects on fast track, liberalising foreign direct investment, and fiscal consolidation, will help India realise its potential growth rate, a top official of International Mone...

India's fiscal situation likely to improve in 2013: IMF

Tuesday April 16, 2013

At a time when many countries are facing challenges on the fiscal consolidation front, India with its favorable interest rate-growth differential has an advantage in addressing deficit concerns this year, the International Monetary Fund (IMF) said in...

Credit Suisse sees recovery in Indian economy from June quarter

Tuesday April 9, 2013

The Indian economy is set to recover smartly from June onwards, given a litany of good tidings such as falling inflation and interest rates, and an improvement in the fiscal and current account deficits, international brokerage Credit Suisse said in ...

Fiscal consolidation will support foreign investment: Chidambaram

Friday March 8, 2013

Finance Minister P Chidambaram on Friday said the fiscal consolidation road-map proposed in the Budget will promote foreign investment and support domestic economy.

Hope RBI takes cue from Budget while deciding rates: Chidambaram

Friday March 8, 2013

The Finance Minister on Friday said he hopes the Reserve Bank will take into account the fiscal consolidation path shown in the Budget while taking a call on interest rate in its coming policy review on March 19.

Budget 'realistic', positive for ratings: Moody's

Thursday March 7, 2013

Global ratings agency Moody's says Finance Minister P Chidambaram has announced a realistic fiscal consolidation plan in the Budget, which is a credit positive for the sovereign.

Government likely to miss revenue growth target: Crisil

Friday March 1, 2013

Ratings agency Crisil today said that the government is not likely to meet the revenue growth target for the next fiscal year as its estimates from spectrum and divestment sale inflows are too ambitious.

India Inc calls for fiscal consolidation, economic reforms

Wednesday February 27, 2013

To achieve over 6 per cent growth projected by the Economic Survey 2012-13 for the next financial year, fiscal consolidation and implementation of economic reforms, among other steps, are needed, industry said on Wednesday.

Budget 2013: Ten expectations from P Chidambaram

Wednesday February 27, 2013

The government will deliver on Thursday its budget for the 2013-14 fiscal year that starts on April 1. Finance Minister P. Chidambaram is expected to push fiscal consolidation through spending cuts while looking to increase revenues to ward off the t...

Budget 2013: 10 reasons why this could be a dream budget

Saturday February 23, 2013

Finance Minister P Chidambaram's seventh Budget comes amid tough challenges - slowing growth, wary markets, fiscal challenges, threats of a ratings downgrade, and a general election in 2014. Despite the hurdles, the finance minister may deliver anoth...

Budget 2013: Bimal Jalan calls for higher income tax exemption limit

Tuesday February 19, 2013

Jalan says that although there is no doubt that the Budget will focus on fiscal consolidation measures, it remains to be seen whether or not the government is able to walk the talk.

Rei Agro Q3 net profit doubles to Rs 249.62 crore

Friday February 15, 2013

Basmati rice processor Rei Agro today reported an over two-fold jump in the consolidated net profit at Rs 249.62 crore for the third quarter ended December, 2012 on account of increased sales. The company's net profit was Rs 123.8 crore in the same q...

Suzlon Q3 net loss widens to Rs 1,154 crore

Friday February 15, 2013

Wind turbine maker Suzlon Energy today reported a consolidated net loss of Rs 1,154.53 crore in the third quarter ended December 2012. The company had reported a net loss of Rs 286.46 crore in the corresponding period last fiscal year.

GVK Power Q3 net loss widens to Rs 57 crore

Friday February 15, 2013

GVK Power and Infrastructure's consolidated net loss sharply widened to Rs 57 crore in the October-December quarter as it was hit by decline in revenues from the power sector and 30 per cent increase in interest burden. The flagship firm of the GVK g...