fiscal deficit

Union Finance Minister Arun Jaitley Addresses A Press Conference At BJP HQ

India's FM voices rate cut ahead of RBI policy review

Arun Jaitley, India's Finance Minister, has voiced for a possible interest rate cut ahead of Reserve Bank of India's (RBI) review meeting next week, while focusing on controlling fiscal deficit. The Centre has already slashed interest rate on small savings making more conducive weather for lending rate cut.

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Brazil's reais

Brazil is financially ruined, under recession

Whether Brazilians like it or not they are again headed for their worst economic crisis. The government reported Friday that the country's gross domestic product (GDP) had plunged 1.9% in Q2 alone and once again putting the nation into a technical recession.

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