India's fiscal deficit shot up by nearly 50 per cent to Rs 92,068 crore (Rs 920.68 billion) during the first seven months of 2005-06 despite a 24 per cent higher tax mop up.
Amid liquidity and inflation concerns, government's market borowings have come down by 21 per cent to Rs 85,000 crore (Rs 850 billion) till November 25 this fiscal.
Fiscal deficit has come down by over 34 per cent to Rs 53,235 crore (Rs 532.35 billion) in the first half of 2004-05 mainly due to government's expenditure control measures and higher tax mop up.
Cricket great Sachin Tendulkar is a foodie but his first experience with Chinese cuisine ended in disappointment and he had to return home thirsty and hungry.
The Reserve Bank of India is closely monitoring liquidity to decide whether it needs to take fresh measures to absorb excess funds from the banking system, the central bank's deputy governor said on Saturday.
The finance ministry on Tuesday said it expects up to Rs 4,000 crore (Rs 40 billion) mop-up from the initial public offer of National Thermal Power Corporation.
Unfazed by competition from private players, state-owned Life Insurance Corporation of India on Tuesday said it has attained yet another landmark by bringing in 2.05 crore (20.5 million) lives under insurance cover till March 15.
The touring side reached 75-1 in their second innings at the close, a lead of 205, with Dean Elgar (38 not out) and Hashim Amla (23 not out) bringing some order to the final hour and ensuring their team are well-placed to force the victory that would level the four-match series at 1-1.
The government has fixed a target of 1 lakh (100,000) subscribers under the pension scheme for senior citizens through the Life Insurance Corporation, the Lok Sabha was informed on Friday.\n\n
More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs.
The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.
Finance Minister P Chidambaram has directed Income-Tax officials to monitor advance tax mop-up, tax deducted at source, and hasten the recovery of tax arrears to attain direct tax target of Rs 1,39,510 crore (Rs 1395.1 billion) in 2004-05.
ING Vysya Mutual Fund on Tuesday said it has plans to acquire other funds as part of efforts to take its assets to Rs 3,000 crore (Rs 30 billion) this year, six times higher than that in the previous fiscal.
In Delhi, petrol price down Rs 2.5 a litre, diesel by Rs 2.25
His deft touches, apparently lazy style and eccentric hair-do turned him into a icon in Colombia.
In the current fiscal, as per the revised estimate, these two companies raised Rs 14,942 crore (Rs 149.42 billion) from markets.
The finance ministry may succeed in collecting over Rs 2,52,900 crore (Rs 2,529 billion) in taxes to meet the revised estimate for 2003-04 despite hefty refunds.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
A Rediff.com journalist reveals what it's like to live in a building sealed by the authorities because one of the residents is COVID-19 positive.
The government on Monday announced a selling price of Rs 750 per share for the public offer of 14.26 crore shares in Oil and Natural Gas Corporation.
Australia beat New Zealand by nine wickets to win the third and final Test with a day to spare.
The Centre will contain its fiscal deficit to 4.8 per cent of GDP as it expects to mop up Rs 13,500 crore (Rs 135 billion) from the ongoing public offering of government equity in six companies, a senior finance ministry official said on Monday.
It is important to approach the belief of people in ancient India's achievements with a sense of proportion, balance and empathy, argues B S Raghavan, the distinguished civil servant.
Buoyed by an overwhelming 11.3 times over-subscription for the public offer to sell its 39.7 lakh (3.97 million) shares in CMC, the government on Monday fixed a selling price of Rs 485 per share to mop up Rs 190 crore.
Power Trading Corporation's initial public offering of 5.85 crore (58.5 million) shares was oversubscribed by about two times on day one, sources associated with the process said in New Delhi.
