In the Union Budget, the government projected to bring down the fiscal deficit to 5.9 per cent of the gross domestic product (GDP) in the current 2023-24 financial year. The deficit was 6.4 per cent of the GDP in 2022-23...
The fiscal and current account deficit, which had triggered concerns in 2022, have come down this year. While this has brought in a wave of optimism, experts advise reading into the figures with caution
Treasury has notched up an overdraft of Rs 1,000 crore in the first quarter; poll promises may burden the state further.
In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to fall, approaching pre-pandemic levels as fuel and food prices decline. It forecast 3.6 per cent inflation this year for...
Fiscal deficit was 12.3 per cent of 2022-23 budget estimates a year ago.
Unveiling the revenue-expenditure data of the Union government for 2022-23, the Controller General of Accounts (CGA) said that the fiscal deficit in absolute term was Rs 17,33,131 crore
Slight shortfall in budgeted revenue and increased expenditure are going to drive up the fiscal deficit, according to CMIE
The deal to lift the US debt ceiling reached between President Joe Biden and House Speaker Kevin McCarthy is facing opposition from hardliners in both the parties, who say too many concessions have been given.
The agreement to raise the debt ceiling between the Republicans and Biden administration is the high point of House Speaker Kevin McCarthy's career. He,...
The US Department of Treasury has said that the US government could run out of money to pay its bills as soon as the first week of June.
The 15th Commission under NK Singh had kept the tax devolution ratio at 42 per cent -- at the same level suggested by the 14th Commission
For the current year ending March 2023, the deficit has been retained at 6.4 per cent of the GDP
Chidambaram also said the BJP-led NDA government was wrong in not providing fiscal stimulus during the pandemic
According to officials, the daily monitoring of tax and non-tax revenue collections will help the government in taking timely corrective actions, wherever...
For the current year ending March 2023, the deficit has been retained at 6.4 per cent of the GDP
The fiscal deficit is estimated at Rs 84,883.16 crore, which is 3.48 per cent of the estimated Gross State Domestic Product
Total investment by two public sector enterprises under Ministry of New & Renewable Energy is pegged 37 per cent higher at Rs 37,828.15 crore for 2023-24
Aam Aadmi Party (AAP) leader Manish Sisodia said the Union Budget 2023-24 has nothing for employment generation or controlling inflation.
Finance Minister Nirmala Sitharaman will be presenting her fifth Budget that may do a tightrope walk between staying fiscally prudent and meeting general...
This gradual decline in the Union government's fiscal deficit as a per cent of GDP is in line with the fiscal glide path envisioned by the government
The central bank also advised States to continue to focus on creating a congenial ecosystem for greater private investments
The agency also said the Centre is expected to peg its FY24 fiscal deficit at 5.8 per cent of the GDP, a healthy moderation from 6.4 per cent of GDP projected...
Talking about the industrial sector, the MoF also conceded downward trends. Industrial activity, measured by the large-scale manufacturing (LSM) index output,...
Budget 2023-24: From corporate to the common man, everyone looks forward to the budget every year expecting reliefs and reforms that would benefit them
High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel
