Fiscal Tightening

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  RBI Cuts Growth Forecast To 7% For This Year

  The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

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  Will Not Support Fiscal Tightening, Says Abhijit Banerjee Ahead Of Budget

  Reacting to questions about the Centre's plans to cut approximately Rs 3,000 crore from the education budget, Mr Banerjee said that it would not have much of an impact as education is a state subject. "To be honest, the central government provides very less funds for education as education is a state subject. The union government cutting Rs 3000...

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  Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points

  Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...

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  Oil Prices Rise On Tight Market Outlook, Expected Fiscal Stimulus

  Traders said the higher prices were a result of a tightening physical market, in which large oversupply that led to the 2014-2016 price slump was now being brought back into balance.

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  These Were India's Best Selling Cars In 2015-16 Financial Year

  Maruti Suzuki India, the country's largest carmaker, tightened its grip in terms of best selling cars with six of its models featuring in the the top ten list for the just concluded fiscal year (2015-16).

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  India's FY17 Fiscal Deficit Target Likely to Be 3.7%: DBS

  Pace of fiscal tightening is likely to slow down next fiscal year, with the government's deficit target expected to be higher at 3.7 per cent of GDP, says a DBS report.

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  RBI to Actively Inject Additional Cash in March

  The Reserve Bank of India on Thursday said it will actively inject additional cash into the banking system in March, when liquidity conditions tend to tighten because it marks the end of the fiscal year.

• Sebi's consent settlements dip with tightening of norms in FY14

  The number of cases being settled in the capital market through consent settlement mechanism seems to have come down significantly, with regulator Securities and Exchange Board of India (Sebi) agreeing to ettle only 36 such cases last fiscal year (2013-14).

• GDP growth to remain in 4.5-5% range in 2014: Nomura

  The economy is unlikely to see any major pick in 2014 and may end up with about just 4.5-5 per cent growth due to the ongoing fiscal and monetary policy tightening, says a report.

• Inflation limiting RBI's ability to boost growth: Raghuram Rajan

  Analysts say the RBI could resume tightening monetary policy by early next year should inflation remain high, even as the economy is growing below the decade low of 5 per cent posted in the fiscal year ending in March.

• Currency derivative turnover up 25 per cent in first half of FY14

  The currency derivative turnover on Indias three exchanges NSE, MCX-SX and USE rose 25 per cent to about Rs 48.50 lakh crore in the first six months of fiscal year 2013-14 (FY14) despite a move by market watchdog Securities and Exchange Board of India (Sebi) in July to tighten exposure limits in the segment.

• ECB cannot solve euro zone crisis: Bundesbank

  The European Central Bank (ECB) cannot solve the euro zone crisis, Bundesbank chief Jens Weidmann said to economists on Sunday, pressing the bloc's governments to get their economies in shape and tighten their fiscal rules.

• Gold import norms further tightened by RBI

  The current account deficit hit a record high 4.8 per cent of gross domestic product in the fiscal year that ended in March, fuelled by rising imports of oil and gold, but was lower than an expected gap of 5 per cent, giving a boost to the battered rupee.

• IMF urges US to remove 'fiscal cliff' uncertainty

  The International Monetary Fund on Tuesday urged the United States to quickly remove the uncertainty over the path of fiscal policy, which is set to tighten abruptly at the start of next year without congressional action.

• S&P action turns up the heat on EU leaders

  Eurozone governments face an uphill battle as they scramble to avoid a messy debt default in Greece, boost a bailout fund considered too small to save bigger countries and seal a fiscal pact aimed at tightening budget discipline.