Search Result for : Fiscal Policy

Yellen hints at fed rate hike in March

The Dollar Business Bureau Keeping in view the US’ recovering economy and the investors’ positive sentiments around it, the US Federal Reserve Chair Janet Yellen on Friday said the fed will adopt a more aggressive rate path ahead, first by raising interest rates at its next meeting on March 14-15, and possibly make further adjustments after the meeting.   "At our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal fund rates would likely be appropriate," Yellen said. “We realise that waiting too long to scale back some of our support could potentially require us to raise rates rapidly sometime down the road, ...

IMF urges governments to tackle record global debt of $152 trillion

The Dollar Business Bureau The International Monetary Fund (IMF) has expressed concern over the mounting level of global debts, which has already reached a record $152 trillion, thereby generating fresh risk of global economic and financial crisis. Cautioning that the debt level was on a continuous rise, the IMF exhorted the governments to stimulate growth through investments, fiscal and business reforms, and targeted measures to mitigate the probable global economic risks; ones that paralysed the world financial and economic system during the 2008-09 periods. "For a significant deleveraging to take place, restoring robust growth and returning to normal levels of inflation is necessary," it said. It noted in its half-yearly fiscal monitor research, covering 113 countries that global debt currently accounted for 225% of global ...

Time ripe for re-evaluation of fiscal policy: Jaitley

Source: PTI Emphasising the need for globally coordinated policy decisions to remedy the global economic turbulence, Finance Minister Arun Jaitley today said the time is ripe for a re-evaluation of the fiscal policy space. "We feel that the efficacy of monetary policy instruments has reached its limits and that its pass through has not been seamless. The time is ripe for a reevaluation of the fiscal policy space, with a greater focus placed on public investment," Jaitley said at the G-20 Finance Ministers and Central Bank Governors meeting on 'Global Economy and Framework for Strong, Sustainable and Balanced Growth'. The key downside risks which could derail the fragile global recovery are - weak demand, tighter financial markets, softening trade and volatile capital flows, ...

Prevention of Money-laundering Rules, 2005 amended

Dated 31th October, 2015 | Copy of | Notification No.sl239 | In exercise of the powers conferred by section 8 of the Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003) (hereinafter referred to as the “Act”), the Central Government hereby makes the following rules further to amend the Fiscal Responsibility and Budget Management Rules, 2004, namely:- 1. (1) These rules may be called the Fiscal Responsibility and Budget Management (Second Amendment) Rules, 2015. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Fiscal Responsibility and Budget Management Rules, 2004 (hereinafter referred to as the “Rules”), after rule 7, the following rule shall be inserted, namely:- 8. Review of compliance ...