According to the figures released on October 31, the deficit till September had inched down to 65.6 per cent of the budget estimate for 2012-13, compared with 65.7 per cent till August.
Reserve Bank's recent policy stance has earned for it praise as well as brickbats.
Reserve Bank of India Governor D Subbarao on Tuesday said the central bank needed more powers before it could firm up the final guidelines on new bank licences.
RBI Also advises imposing a limit on these, beside mandating a system within two months to share information in this regard.
The profitability of industry is under stress and needs to be addressed by encouraging investments in the supply side infrastructure.
The Reserve Bank of India has now said failure to report such cases might lead to penal action.
Analysts warn that complying with the new standards will be a cumbersome process for companies, particularly smaller ones.
Are short-term compulsions increasing long-term instability?
It will help to control the subsidy bill.
Investor confidence, in general, in the world is weak and that has spilled over in India.
Though it will tackle the tangled web of permissions required for a project, a bottom-up approach would be more effective.
Since the privatisation of power distribution in Delhi about a decade ago, the overall electricity situation has improved.
Despite rising subsidy bill, says fuel price action and other steps in contemplation would keep it at 5.3% of GDP, not more
Four years on, too little has changed
The tide of the global economy has again turned to anti-growth in general.
The government should step up its efforts to improve rural sanitation, for the sake of the children who die as a consequence of cultural apathy.
On sarkaritel.com, a private initiative that serves as a gateway to the government, the council of ministers does not include the finance portfolio at all.
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