Spot-Fixing Scandal
BCCI chief's son-in-law arrested
Mumbai Police apprehended Gurunath Meiyappan, a key official of the Indian Premier League's (IPL) Chennai franchise, late on Friday in connection with a spot-fixing scandal that has also led to the arrest of three cricketers. Full Article
REUTERS SHOWCASE
 |
Deflated expectations
Breakingviews columnists discuss the implications of inflation being in decline globally. Video
Revenge of Markets
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Chidambaram: 2013/14 fiscal deficit to be within budgeted target
Finance Minister Palaniappan Chidambaram walks as he leaves his office to present the 2013/14 budget in New Delhi February 28, 2013.
Credit: Reuters/B Mathur
NEW DELHI |
NEW DELHI (Reuters) - India's fiscal deficit will be contained within its budgeted target for the fiscal year ending March 2014, Finance Minister P. Chidambaram said on Thursday.
India unveiled new taxes on the rich and large companies on Thursday to fund higher-than-expected spending for the next fiscal year, in a budget that aimed to revive growth amid the country's worst slowdown in a decade ahead of a 2014 election.
(Chidambaram calls for tough choices, click here)
(Rich taxpayers to pay 10 percent surcharge, click here)
(Budget 2013 highlights, click here)
Stocks, bond prices and the rupee all fell despite Finance Minister P. Chidambaram's vow to cut next year's fiscal deficit to 4.8 percent of GDP, which some watchers said counted on ambitious revenue assumptions given hefty spending targets.
(Reporting by Arup Roychoudhury; editing by Matthias Williams)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters