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October 2014

World shares jump, yen slumps as BOJ cranks up stimulus

October 31, 2014 by sknlakshmi

World shares jumped and the yen fell to a seven-year low against the dollar on Friday as the Bank of Japan surprised financial markets by significantly expanding its massive stimulus programme.

In a rare split decision, the BOJ's board voted 5-4 to accelerate purchases of Japanese government bonds so that its holdings increase at an annual pace of 80 trillion yen ($725 billion), up by 30 trillion yen.

April-Sept fiscal deficit nears 83 pct of full-year target - govt

October 31, 2014 by sknlakshmi

India's fiscal deficit was 4.39 trillion rupees ($71.5 billion) during April-September, or 82.6 percent of the full-year target, government data showed on Friday.

The deficit was 76 percent during the comparable period in the previous fiscal year.

Net tax receipts were at 3.23 trillion rupees ($52.60 billion) in the first half of the current fiscal year that ends in March 2015

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