Wed, Oct 30, 2024
The Centre's fiscal deficit at the end of the first half of financial year FY25 touched 29.4 per cent of the full-year target, government data showed on Wednesday.
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Wed, Jul 31, 2024
Unveiling the revenue-expenditure data of the union government for the first three months of 2024-25, CGA said the net tax revenue was Rs 5,49,633 crore or 21.1 per cent of the BE for the current fiscal. The net tax revenue collection was 18.6 per cent at end-June 2023.
“The government has always maintained fiscal prudence as one of the important governance principles. From the low levels of GDP during the Covid-19 pandemic, India has become the fastest-growing economy,” said the Finance Minister.
Wed, Jul 24, 2024
Union Budget 2024 is perceived to strike a balance between social reforms, growth, fiscal prudence and coalition partners by Deepak Ramaraju, Senior Fund Manager, Shriram AMC. The fiscal prudence is improved and the fiscal deficit is reduced to 4.9% of the GDP from 5.1%. The borrowing is pegged to Rs 14 L Cr which is less than last year. This is positive for the overall economy.
Tue, Jul 23, 2024
Budget 2024: Finance Minister Nirmala Sitharaman wrote history on July 23 by unveiling her seventh straight Budget in Parliament. Here is what economists make of the Narendra Modi 3.0 government's first Union Budget since returning to power in June 2024.
Mon, Jul 08, 2024
The government intends to bring the fiscal deficit below 4.5 per cent of GDP by the financial year 2025-26. In the Interim Budget earlier this year, the government has targeted a fiscal deficit of 5.1 per cent of GDP for 2024-25.
Tue, Jun 25, 2024
This hefty borrowing, amounting to PKR 7.39 trillion from July 2023 to June 7, 2024, surpasses the government's collective borrowings of PKR 7.16 trillion in the previous two fiscal years (FY23 and FY22).
Thu, Mar 28, 2024
The government's total receipts stood at Rs 22.45 lakh crore (81.5 per cent of corresponding RE 2023-24 of total receipts) as of February 2024, according to the data released by Controller General of Accounts (CGA).
For 2023-24, the government's fiscal deficit is estimated at Rs 17.35 lakh crore or 5.8 per cent of the GDP.
Thu, Feb 29, 2024
Total expenditure during the period was 33.55 trillion rupees, or about 75% of the annual goal, compared with 31.68 trillion rupees in the same period last year.
Fri, Feb 23, 2024
"With elections around the corner, the rupee may see positive gains if it maintains levels around 83. Immediate resistance for the rupee is seen around 82.50, and a breakthrough above this level could see the rupee appreciating further, potentially reaching 82.00, especially considering the resistance faced by the dollar index around 105," added Trivedi.
Fri, Feb 02, 2024
In a post budget commentary, Fitch Ratings Director, Sovereign Ratings, Jeremy Zook said over the next five years, India's government debt-to-GDP ratio would be broadly stable at just above 80 per cent of GDP. This is based on a continued path of gradual deficit reduction, as well as robust nominal growth of around 10.5 per cent of GDP.
Thu, Feb 01, 2024
Budget 2024 LIVE UPDATES: Fiscal Deficit target of 5.1% for FY25- FM Nirmala Sitharaman
Presenting the interim Budget 2024-25, Sitharaman said tax receipts for 2024-25 projected is projected at Rs 26.02 lakh crore.
Wed, Jan 31, 2024
In the corresponding period last year, the deficit was 59.8 per cent of the budget estimate of 2022-23. For 2023-24, the government's fiscal deficit is estimated to be at Rs 17.86 lakh crore or 5.9 per cent of the GDP.
Thu, Jan 25, 2024
Which companies' results came tomorrow? Which stocks to buy after the results? Know the analysis of the results from Anil Singhvi...
Thu, Jan 11, 2024
The fiscal deficit, which is the indication of government borrowing to bridge the gap between total revenue and expenditure, is estimated at 6 per cent of GDP in the current financial year, a tad higher than 5.9 per cent projected in the Budget presented in February, last year.
Tue, Jan 02, 2024
Accordingly, the Wall Street major has revised upwards its current account deficit (CAD) forecast to 1 per cent of GDP for FY24 from 1.3 per cent earlier, and 1.3 per cent for FY25 from 1.9 per cent earlier, citing a downward revision to their oil price forecast to USD81/barrel in 2024 from above USD90 earlier; and services exports continuing to surprise higher than prior expectations.
Wed, Dec 20, 2023
From the common man to businessmen, employees, and women, everybody has a lot of expectations from the annual budget. However, there are many such things mentioned in the budget that affect the entire economy. One such thing is the 'fiscal deficit'. Let us understand what a fiscal deficit is and what it includes:
Thu, Nov 30, 2023
The government's fiscal deficit at the end of October touched 45 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Thursday.
Tue, Oct 31, 2023
India's fiscal deficit for the first six months (April-September) of the current financial year was Rs 7.02 lakh crore which works out to 39.3 per cent of the estimate for the whole year, according to government data.
Tue, Oct 24, 2023
A Reuters poll last month projected India to be the fastest-growing major economy this fiscal year, supported by government spending ahead of next May's general election.
Fri, Aug 18, 2023
The government will stick to the fiscal deficit target of 5.9 per cent of the GDP as robust tax, non-tax collections will help meet the spending requirement and make up for any shortfall in disinvestment proceeds, Finance Secretary T V Somanathan said on Friday.
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