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'Centre yet to address states' concerns over GST'
The Centre is yet to address the concerns of states on the proposed Goods and Services Tax (GST) regime, particularly those related to fiscal autonomy, Chairman of the Empowered Committee of State Finance Ministers Sushilkumar Modi said on Saturday. He also asserted GST would help increase India's gross domestic product by 1-1.5%, create further conducive atmosphere to do business in more easier way

Numbers of crisis

The figures for India's gross domestic product (GDP) growth in the fourth quarter of 2011-12, which were released on Thursday, show that the economy is in crisis. Between January and March this year,

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Fiscal deficit figure provides some respite

The country’s fiscal deficit narrowed to 5.75 per cent of the gross domestic product (GDP) in 2011-12, compared with 5.9 per cent in the revised estimates, despite the actual GDP being

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India's 2011/12 fiscal deficit widens to 5.76 pct of GDP

NEW DELHI (Reuters) - India's fiscal deficit during the 2011/12 fiscal year that ended in March was 5.097 trillion rupees, or equivalent to 5.76 percent of gross domestic product, government data

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Ex-Cameron aide arrested, charged with perjury

The former top media adviser to Prime Minister David Cameron was arrested and charged with perjury Wednesday in the trial of a flamboyant ex-Scottish lawmaker — the latest case tied to

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Renu Kohli: Rupee: depreciated tactics

The rupee's sharp fall has elicited much discussion in recent times. Stemming from the country's macro imbalances - an enlarged fiscal deficit and persistent high inflation spilling over into an

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