IMF suggests India to set up independent fiscal council
"India has accepted a public debt anchor at 60 per cent of GDP. We think that is appropriate. And that's something that will help India establish its public debt as a safe asset," he said.
Oct 16, 2017, 16:50 PM IST
IMF favors three structural reforms in India
Structural reforms include addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets.
Oct 14, 2017, 09:31 AM IST
HSBC sees India growth unchanged at 7.1% this fiscal
India's growth is likely to remain unchanged at 7.1 percent this fiscal, as investments are low and government spending may not remain high given the fiscal consolidation path the country is treading, says a report.
Jun 08, 2017, 15:51 PM IST
India returned to fiscal consolidation in 2016-17: IMF
Notwithstanding the impact of demonetisation, India returned to fiscal consolidation in the fiscal year 2016-17 largely due to the near-elimination of fuel subsidies and enhanced targeting of social benefits, the IMF said on Wednesday.
Apr 19, 2017, 20:42 PM IST
S&P advocates fiscal consolidation ahead of Budget
Standard & Poor`s urged Finance Minister Arun Jaitley on Wednesday to maintain the pace of fiscal consolidation in the annual budget next week and quickly reduce the country`s debt stock to bolster the prospects of a ratings upgrade.
Jan 25, 2017, 15:37 PM IST
India should continue fiscal consolidation for better prospect: IMF
In order to reduce external vulnerabilities and improve investment prospects, the government should continue with its fiscal consolidation activities including passage of GST Bill, further subsidy reforms and easing domestic supply bottlenecks, says an IMF report.
Jul 28, 2016, 14:56 PM IST
India pitches for ratings upgrade with Fitch
New Delhi: India on Tuesday pitched for a ratings upgrade with global agency Fitch Ratings citing improvement in macroeconomic conditions and the government's commitment to fiscal consolidation.
Jun 07, 2016, 15:53 PM IST
Corruption, uncertain policies remain key concerns on India: Moody's
Fiscal consolidation and moderate inflation are definite pluses for India, but graft, uncertain policies and their weak execution remain key constraints, according to Moody's Investors Service.
Apr 29, 2016, 15:28 PM IST
'India on course of fiscal consolidation with better policies'
Indian policymakers have moved "aggressively" to reduce inflation, improve external stability and put India on a course of fiscal consolidation, a top US official has said, praising policy improvements that have strengthened investors' confidence in the country.
Apr 08, 2016, 13:04 PM IST
Govt to push for consolidation of public sector banks
The government will push for consolidation of the public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said on Tuesday.
Apr 05, 2016, 13:02 PM IST
Range-bound fiscal targets can confuse markets, says Nomura
Adoption of a fiscal deficit target range before achieving the 3 percent goal will be considered as a "shallower path" in the fiscal consolidation process, Japanese brokerage Nomura said Wednesday.
Mar 23, 2016, 19:05 PM IST
Govt to delay fiscal roadmap, project deficit at 3.9%: Goldman
Government may deviate from the fiscal consolidation roadmap and up its deficit target for 2016-17 to 3.9 per cent of GDP to push rural demand and pay higher wages to civil servants, Goldman Sachs said today.
Feb 18, 2016, 16:52 PM IST
India faces challenges in sticking to fiscal roadmap: S&P
India will face challenges in sticking to the fiscal consolidation roadmap as the expected revenues may not be fully realised and subsidy cuts may be delayed, Standard & Poor's Ratings Services said.
Jan 31, 2016, 21:39 PM IST
Raghuram Rajan warns against fiscal deficit driven growth
Rajan said that macroeconomic stability during the global turmoil cannot be risked and the government and RBI should continue to bring down inflation.
Jan 29, 2016, 23:15 PM IST
Will stick to fiscal consolidation roadmap in Budget: Finance Ministry
The government had set a fiscal deficit target of 3.9 per cent of the GDP for the current fiscal.
Jan 15, 2016, 12:36 PM IST
Fiscal consolidation process on track: Jayant Sinha
To mobilise higher amount of resources, he said the government has been taking legal, administrative and technological measures.
Dec 08, 2015, 16:04 PM IST
RBI Governor optimistic about passage of GST
Rajan said another priority of the RBI is to clean up banks and their non-performing assets.
Dec 08, 2015, 09:48 AM IST
Fiscal deficit to reduce to 3.7% of GDP by FY18: Deutsche Bank
Though two major thrusts like fuel subsidy reduction and capital expenditure compression have driven fiscal consolidation in recent years, hardly any progress has been made in improving revenue collection.
Nov 10, 2015, 16:32 PM IST
Govt to pursue subsidy reforms to contain deficit: Sinha
Reiterating commitment to stick to the fiscal consolidation road map, the government on Tuesday said it will continue with subsidy reforms and bring down the fiscal deficit to 3.5 percent of the GDP by March 2017.
Apr 28, 2015, 16:07 PM IST
After rate cut, Govt pitches for rating upgrade
Soon after RBI announcing a much- awaited rate cut, Chief Economic Advisor Arvind Subramanian on Wednesday said that the global rating agencies should look at upgrading their stance on India's credit outlook.
Mar 04, 2015, 13:39 PM IST
