Government spending Current Affairs, GK & News

India growth forecast slashed: CRISIL

Rating agency CRISIL has slashed India’s growth forecast to 5.5%. It is the second cut for fiscal 2013 estimate. Earlier, the agency had cut GDP growth to 6.5%. Deficient rainfall and worsening Eurozone situation are the main causes behind the decline. As per CRISIL, the sluggish growth is expected to put pressure on government finances. ..

Month: 

Topics: 

India losing Fiscal Deficit Targets

India’s fiscal deficit reached almost 71% of its full-year target in the first half of the year, casting doubts over its ability to meet budget goals as central finances feel the pressure of squeezed revenues and slowing growth. India’s fiscal deficit from April to September was Rs 2.92 lakh crore ($60.1 billion),71% of the Rs ..

Month: 

Category: 

Topics: 

RBI warns of Higher Inflation

Recently, RBI said that it expects economic growth to moderate to 8% or below in 2011-12 due to global uncertainty and rising interest rates. The central bank also expects inflation to be high for most of the year. Economic growth will moderate to 8% or below in 2011-12 because of global uncertainty and rising interest ..

Month: 

Topics: