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How bonus shares, buybacks and dividends by PSUs are propping up govt's coffers

Finance

18 January, 2019

How bonus shares, buybacks and dividends by PSUs are propping up govt's coffers

From 2009-10 to 2013-14, when the Manmohan Singh-led United Progressive Alliance (UPA) was in the saddle, only one state-run company ......

RBI open to injecting liquidity, may pay up to $5.8 bn interim dividend to govt

Economy

07 January, 2019

RBI open to injecting liquidity, may pay up to $5.8 bn interim dividend to govt

The Reserve Bank of India (RBI) is open to infusing “need-based” liquidity into the financial system, Governor Shaktikanta Das said ......

India's April-November fiscal deficit touches 115% of budget target

Economy

27 December, 2018

India's April-November fiscal deficit touches 115% of budget target

India’s April-November fiscal deficit stood at Rs 7.17 trillion ($101.93 billion), or 114.8% of the budgeted target for the current ......

India's April-Aug fiscal deficit at 94.7% of full-year target

Economy

25 September, 2018

India's April-Aug fiscal deficit at 94.7% of full-year target

India reported on Tuesday a fiscal deficit of 5.9 trillion rupees ($81.4 billion) for April-August, or 94.7 percent of the ......

India's April-June fiscal deficit at 68.7% of budgeted target

Economy

31 July, 2018

India's April-June fiscal deficit at 68.7% of budgeted target

India reported on Tuesday a fiscal deficit of 4.29 trillion rupees ($62.57 billion) for April-June, or 68.7 percent of the ......

India set to meet FY18 fiscal deficit target, says finance ministry official

Finance

29 March, 2018

India set to meet FY18 fiscal deficit target, says finance ministry official

India will meet its fiscal deficit target of 3.5 percent of GDP for the 2017/18 fiscal year ending this month, ......

State-run rail infrastructure engineering firm Ircon International files for IPO

Infrastructure

28 March, 2018

State-run rail infrastructure engineering firm Ircon International files for IPO

Government-owned and operated railway infrastructure engineering and construction company Ircon International Ltd has filed its draft prospectus with the Securities ......

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Will macro headwinds knock India of​f​ its growth path?

Finance

13 February, 2018

Will macro headwinds knock India of​f​ its growth path?

Calendar 2017 was a year of contradictions for the Indian economy. Even as economic growth slipped in the aftermath of ......

Budget 2018: Highlights

Finance

01 February, 2018

Budget 2018: Highlights

Finance minister Arun Jaitley on Thursday lowered the government’s fiscal deficit target for the current financial year in the annual ......

Budget 2018: Govt aims to mop up $12.5 bn from divestment next fiscal year

Finance

01 February, 2018

Budget 2018: Govt aims to mop up $12.5 bn from divestment next fiscal year

The government aims to raise Rs 80,000 crore ($12.5 billion) from stakes sales in state-run companies in 2018-19, as it ......