Financial Year

  • Cement demand may increase up to 7% in southern region June 20, 2014

    Mumbai: The demand for cement in the southern region is expected to rise by 57 per cent in FY'15 as compared to 1 per cent YoY growth in FY'14, a report said. Cement plant utilisation trend in southern states is expected to pick up in the current fiscal as compared with...
  • BJP's win rekindles hope for reforms, growth: Goldman Sachs May 23, 2014

    A clear mandate for the BJP has rekindled hope for structural reforms and better investment climate and the country's growth is likely to accelerate to 6.5 per cent in Financial Year '16, a Goldman Sachs report said on Friday. According to the global financial services major, after the BJP's "historic" election...
  • Five PSUs posted Rs 2,100 cr losses in Financial Year 2013: CAG February 28, 2014

    Five public sector undertakings in Chhattisgarh incurred losses of about Rs 2,100 crore in the 2012-13 fiscal, largely due to deficiencies in financial management and project execution, the Comptroller and Auditor General of India has said in a report. The report was tabled in the State Assembly on Friday. Of the...
  • Indian economy grows 4.7 per cent in October-December quarter February 28, 2014

    The Indian economy grew 4.7 per cent in the third quarter of this financial year mainly due to improved performance in the agriculture and services sectors. The country's gross domestic product (GDP) had expanded 4.8 per cent in the July-September quarter and 4.4 per cent in April-June. Growth in the first...
  • Inflation seen rangebound this fiscal year, says RBI May 3, 2013

    Mumbai: Inflation is likely to be rangebound and stay around the current levels in this financial year as supplyside issues, along with recent price adjustments in fuel prices, will offset the recent gains, RBI said on Thursday. "Headline inflation in 201314 is expected to remain rangebound around the current levels,"...
  • Govt lowers growth projection for FY13 to 5.7 pc December 17, 2012

    New Delhi: The government on Monday lowered the growth projection for the current financial year to 5.75.9 per cent from 7.6 per cent estimated earlier, while pitching for supportive monetary and fiscal policies to improve investor confidence. "Given ...an emerging scenario, it should be possible for the economy to improve...
  • Eco Survey: Need rapid fiscal consolidation in FY13 March 15, 2012

    The Economic Survey 201112 suggests policies to put India on a surer footing for sustained, inclusive growth and allround development. The survey takes note of the Government fighting malaise of inflation with numerous calibrated steps which constituted a combination of policies to improve supply, especially of food and basic agricultural...
  • RBI cuts CRR, interest rates unchanged January 24, 2012

    New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 bps to 5.50 per cent which will be effective from January 28 and held repo rate steady at 8.5 per cent. The move will eases tight liquidity in the banking system and underscore a policy...
  • SA coach Kirsten's salary kept a secret December 6, 2011

    Johannesburg: The salary of newlyappointed South Africa coach Gary Kirsten has been kept secret, and even Cricket South Africa's legal and governance committee does not have a clue about it. The chairman of CSA's legal and governance committee, Ajay Sooklal, said that he was "appalled" when told that Kirsten's salary was...
  • RIL to be debtfree this year: Mukesh Ambani June 3, 2011

    Mumbai: Corporate giant Reliance Industries' Chief Mukesh Ambani on Friday announced that the company would become debtfree in the current financial year. Announcing a bullish stance on the company's financial position, the Chairman and MD said that RIL would become debtfree on a net basis in the current 201112 fiscal. RIL...
  • What can you do if you forget to file your tax returns March 12, 2009

    The last date for filing your tax returns for the financial year 20072008 was July 31, 2008. But even though the process got a tad simpler with the online option, some of you may have missed your deadline. But don't fret. You have a second chance. If all your tax was deducted...
  • FY'07 to be best year of growth: FM November 30, 2006

    New Delhi: With economy logging the highest growth of 9.1 per cent during the first half of this fiscal, Finance Minister P Chidambaram sounded confident that FY'07 would be one of the best years in terms of growth on Thursday. He, however, tempered the optimism saying supply sidedriven inflation was the...
  • J&K switches to JanDec financial year November 8, 2006

    New Delhi: Breaking from the tradition, the Jammu and Kashmir government has opted for a JanuaryDecember financial year, as against AprilMarch in the country, and consequently would hold its budgest session in January 2007. This was announced by state Chief Minister Ghulam Nabi Azad after a twohour long meeting with Prime...