Room to cut fiscal deficit to 3% in FY 2018 is limited: Moody's
The Dollar Business Bureau The government is expected to achieve its target to reduce fiscal deficit to 3.5% of GDP (Gross Domestic Product) in the current financial year but higher spending on infrastructure will limit the room to cut it further to 3% in 2017-18, credit rating agency Moody's Investors Service said on Monday. The rating agency expects the Indian government to renew its commitment to enhance capital spending and address the impact of demonetisation in the Union Budget to be presented on February 1, 2017. “On the fiscal front, the government will likely remain committed to achieving its fiscal deficit target of 3.5% of GDP for the fiscal year ending March 2017. However, room to reduce the deficit further to the target of 3% ...
India may need to import 10 MMT pulses in 2015-16
The Dollar Business Bureau India may need to import more than 10 million metric tonnes (MMT) of pulses to meet the domestic consumption demand during the current financial year as the production is expected to go down due to shortage of rain, an industry body has said. “Considering deficit in rainfall for 2015-16, it is expected that the production of pulses for the year would decrease slightly to 17 MMT against 17.2 MMT recorded in 2014-15,” said the Associated Chamber of Commerce and Industry (ASSOCHAM) in its study. The five major pulse producing states—Maharashtra, Karnataka, Rajasthan, Madhya Pradesh and Uttar Pradesh— contributes around 70% of the country's total Kharif pulse production. But all these states witnessed shortage or rain fall ...
Huge potential in export of ornamental fish: Indias Agri Minister
The Dollar Business Bureau Radha Mohan Singh, Union Agriculture Minister, Government of India, has urged the public and private sectors to join hands to further boost seafood exports from India. Speaking at a seminar on Fisheries organised by Central Institute of Fisheries Education (CIFE), in Bihar today, Singh said that while fisheries sector in India has received greater attention in the recent years than in the past, there is a need to adopt technology and a scientific attitude by the different stakeholders in the sector. India’s total fish production stands at around 10 million tonnes and it is second largest after China, he added. India is also a top seafood exporter, with exports touching $5 billion in ...
