INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Global financial services firm Moody's Investors Service sees fiscal deficit at 3.4 per cent of GDP in FY19
The government plans to reduce fiscal deficit to 3.3 per cent of GDP in 2018-19 from 3.53 per cent a year ago
growth at 7.3 per cent and 7.5 per cent in FY20.
Earlier, the Reserve Bank of India in its fourth bi-monthly policy review retained GDP
forecast for 2018-19 at 7.4 per cent based on an overall assessment.
Economic Affairs Secretary Subhash Chandra Garg on Friday said the GDP
Monday said that the recent cut in petrol and diesel prices by Rs 2.50 by the Centre is estimated to reduce the combined EBITDA margins of
IOCL, HPCL and BPCL by Rs 6500 crore during current fiscal.
The government's decision to reduce fuel prices is credit negative for the
three rated OMCs, Indian Oil Corporation Limited, Bharat Petroleum Corporation and Hindustan petroleum Corporation because they cannot fully
rating outlook and now key factor is to watch fiscal position
