Rajesh Kumar's Feed
Feb 6, 2015

India makes push to boost revenue as deficit deadline nears

(Reuters) – India‘s government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India (COAL.NS) and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit.

Prime Minister Narendra Modi is racing to honor a commitment to narrow the deficit to a seven-year low of 4.1 percent of gross domestic product in the year ending in March.

Mar 14, 2013
via India Insight

Taxing times for reporters on the Chidambaram beat


(Any opinions expressed here are those of the author and not necessarily of Thomson Reuters)

Finance Minister P. Chidambaram’s drive to shore up government coffers is not just giving businessmen sleepless nights.