Posted in Community :
Investment Hub |
MBA Lounge |
Financial Engineering Practice in Banking |
8 more ...|
|
||
|
Activity:
5 comments
373 views
last activity : 07 06 2010 20:18:04 +0000
|
||
|
|
India's fiscal deficit for the 2008/09 fiscal year that ended on March 31 was 3.3 trillion rupees ($70 billion), the government said in a statement on Friday.
The deficit is equivalent to 6.2 percent of India's gross domestic product (GDP), according to a Reuters calculation, and was higher than the government's target of 6 percent.
In February, the government had revised upwards its fiscal deficit estimate for the year to 3.27 trillion rupees, equivalent to 6 percent of gross domestic product from an initial estimate of 2.5 percent.
The deficit widened after the government announced extra spending of close to 1.5 trillion rupees to cover a farm debt scheme, subsidies and steps to stimulate a slowing economy among other measures.
Good insight there, mostly incur more taxes on businesses and people to curb the deficit...
5 comments on "How To Curb Fiscal Deficit Of $70 Bn. ?"
Sort by:
Most Recent
Top Rated
Commented by
ravi a sambhwani, B.Com student, ICFAI Business School, Hyderabad
| 06 29 2010 10:22:17 +0000
Report Abuse
Not Rated
Commented by
Jyoti Rath, Sr. Associate, Barclays
| 06 02 2009 11:01:08 +0000
Report Abuse
Not Rated
Commented by
Japan Shah, Assistant Professor, Omegan School of business
| 06 01 2009 17:17:33 +0000
Report Abuse
Rating : +1
Commented by
varsha, technical manager(QMS)
| 06 01 2009 15:32:45 +0000
Report Abuse
Rating : +1
Commented by
Rohit Khanna, Project Leader/Managing Consultant, Accenture
| 06 01 2009 13:50:54 +0000
Report Abuse
Rating : +3
Found the article
"How To Curb Fiscal Deficit Of $70 Bn. ?"
interesting ?
Share with your connections and communities

Part of Randstad, the world’s second largest HR services company
Director – Commercials Jobs in Bangalore
VA TRAINER Jobs in Chennai
Intercompany Associate Jobs in Chennai
Viewers also viewed
|
|
|
|
|
|
Recent Knowledge (44)
|
|
|
|
Sponsored Jobs
More From Author
If we look at budget from broder perspective, there has to be reform to stimulate our economy in better shape. Past record state that there has been always negetive impact on market post budget, but this time just as election result has changed the... |
I am In for this Date |
There is something known as Personnel Ethics Business Ethics, When you have storng personnel ethics than only it's reflect best practice in your business ethics. But the question is how business react when you follow business ethics in business where... |