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As the Union government readies Union Budget 2026, the big question on everyone’s mind is a familiar one: will the middle class finally get some breathing room on taxes, or will the government stick to its longer-term game plan? Early signals suggest expectations of sweeping tax relief may once again run into the reality of…
New Delhi: The government has succeeded in meeting its fiscal deficit target for 2024-25, fixed at 4.8 per cent of the gross domestic product (GDP) in the revised budget estimate for the year, data released by the Controller General of Accounts on Friday showed. According to the CGA data, the Central government collected Rs 30.36…
New Delhi: The government consumption growth is estimated to improve in FY25 given the increase in the revenue expenditures of both state and union governments, while private consumption growth is expected to be driven by rural demand, easing inflation and a favourable base, according to a report on Sunday. Exports are also expected to witness…
Last Updated:January 31, 2025, 16:44 is Budget 2025: Finance Minister Nirmala Sitharaman will present the budget for the financial year 2025-26 on Saturday, February 1, 2025. Union Budget 2025: Finance Minister Nirmala Sitharaman | File Image/PTI Union Budget 2025 Date and Time: Finance Minister Nirmala Sitharaman is set to present a record eighth consecutive budget…
On hearing the budget, heavy words like GDP, fiscal deficit, monetary policy, actimet … are coming to the mind. On February 1, Finance Minister Nirmala Sitharaman will also use such words in the budget speech. To understand the budget, know the meaning of these words . ***** Graphics– Kunal Sharma Source link [ad_3]
New Delhi: India’s fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report. The report noted that this trend is anticipated to contribute to fiscal consolidation policies of the government. “In India, fiscal deficits are expected to continue shrinking, largely on account of growing tax…
The government will continue its focus on improving quality spending, strengthening the social security net and reducing the fiscal deficit to 4.5 per cent of the GDP in the financial year 2025-2026, according to a Finance Ministry statement. Finance Minister Nirmala Sitharaman is expected to continue with the government’s position of increasing expenditure on big-ticket…
New Delhi: Centre’s fiscal deficit at the end of the first seven months (April-October) of the current financial year works out to 46.5 per cent of the full-year target, official data released on Friday showed. This reflects a strong macroeconomic financial position with the government sticking to the fiscal consolidation path. The government aims to…
New Delhi: The Centre’s fiscal deficit at the end of the first seven months of financial year 2024-25 touched 46.5 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit — the gap between government’s expenditure and revenue — was at Rs 7,50,824 crore during April-October period, according…
Last Updated:November 29, 2024, 5:06 PM IST In absolute terms, the fiscal deficit — the gap between government’s expenditure and revenue — was at Rs 7,50,824 crore during April-October period. India’s latest fiscal deficit data has been released. The Centre’s fiscal deficit at the end of the first seven months of financial year 2024-25 touched…