BUSINESS
MC Interview: Centre can't keep hiking capex by 25-30% each year, says Expenditure Secretary Manoj Govil
Govil, in an exclusive interaction with Moneycontrol, spoke on a range of issues from the fiscal implications of the 8th Pay Commission to the chances of a rating upgrade.
BUSINESS
India’s FY26 GDP growth can be closer to 6.8% if external headwinds don't worsen, says DEA Secretary Ajay Seth
Referring to the nominal GDP growth projection of 10.1 percent for FY26, Seth said that the finance ministry has assumed a deflator of less than 4 percent to arrive at the number.
BUSINESS
India's crypto take to factor in change of stance by major economies, says DEA Secy Seth
The finance ministry has been working on bringing out a discussion paper to seek comments and views from relevant stakeholders on the ideas outlined in it. This paper will contain suggestions on the remit of regulations for cryptocurrencies in India as well.
BUSINESS
No plans to go back to FRBM target of 40% debt-to-GDP ratio immediately, says Expenditure Secy Manoj Govil
In the Budget for 2025-26, the Centre said that from financial year 2026-27, it will target a fiscal deficit that will bring down its debt-to-GDP ratio in the 49-51 percent range by 2030-31.
BUSINESS
Govt expects to bear 8th Pay Commission cost only from FY27, says Expenditure Secy Manoj Govil
The finance ministry has written to Ministry of Defence and Home Affairs as well as the Department of Personnel and Training to suggest the terms of reference for the Commission, following which the Centre will approve them.
BUSINESS
GST rate rationalisation process underway, say sources
The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.
BUSINESS
FM Sitharaman says did not forego capex for consumption
The Budget for 2025-26 pegged capital expenditure at Rs 11.21 lakh crore, almost flat versus the initial estimate of Rs 11.11 lakh crore for 2024-25.
BUSINESS
MGNREGS outlay left unchanged at Rs 86,000 crore
This is the second time, the Centre has left the allocation for the rural job plan unchanged. For the current fiscal, too, the outlay for the scheme was the same as in 2023-24 at Rs 86,000 crore
BUSINESS
Starting FY27, Centre to bring down debt-to-GDP ratio to 49-51% by FY31
Presenting the Budget for 2025-26, Finance Minister Nirmala Sitharaman reiterated the Centre's commitment to link its fiscal deficit glide path to debt-to-GDP ratio
BUSINESS
FY26 gross borrowing shoots up to Rs 14.82 lakh crore on repayments
In the first half of current financial year, the Centre has borrowed nearly Rs 7 lakh crore and plans to borrow Rs 6.61 lakh crore in the second half.
BUSINESS
Private sector can itself create the demand it is looking for, says CEA Nageswaran
Though, Nageswaran said that the private sector has not been on the sidelines when it comes to investment, he acknowledged that the rate of growth has been somewhat slower than desired levels.
BUSINESS
Deregulation, better hiring, salary by India Inc key to boost urban consumption, says CEA Nageswaran
His comments come at a time when there are concerns around a more pronounced slowdown in India’s urban consumption evident from lower sales of passenger vehicles and other key macroeconomic data points.
BUSINESS
India’s 6.3-6.8% GDP growth estimate for FY26 not a slowdown, says CEA
India’s current growth rate is reflective of these external conditions rather than a domestic economic slowdown.
BUSINESS
Eco Survey: India's chemicals, textiles exports at risk due to key economies' trade stance
It also pointed out that restrictive trade policies such as European Union's Carbon Border Adjustment Mechanism (CBAM) have the potential to restrict India’s exports and widen the current account deficit at a time when the net foreign direct investment into the South Asian nation is declining.
BUSINESS
Economic Survey flags India's EV import dependency, bats for urgent localisation
The Chief Economic Adviser V Anantha Nageswaran's warning around limiting subsidies for EVs comes close on the heels of US President Donald Trump revoking the electric vehicle mandate of his predecessor Joe Biden that aimed to ensure that half of all new vehicles sold in the country by 2030 were electric.
BUSINESS
India may have to grapple with slower global growth, weaker exports during Trump 2.0: JP Morgan's Chinoy
On his inauguration day on January 20, Trump announced that the US will roll out an America First Trade Policy.
BUSINESS
What an Economic Survey tells about the health of the economy
The Economic Survey can be considered as a report card of the financial health of the nation, and offers insights on aspects ranging from growth to trade to external finances.
BUSINESS
Budget 2025: Go for growth, economists urge FM Nirmala Sitharaman
With a slowdown in consumption, especially in urban India, more and more economists are calling for prioritising growth-oriented policies over fiscal consolidation
BUSINESS
Piyush Goyal's Muscat visit from 27-28 Jan to spur India-Oman FTA talks
This visit underscores the importance that India attaches to its trade and investment ties with Oman, an important commercial partner in the Gulf Cooperation Council (GCC) with bilateral trade estimated at over $8.94 billion in 2023-2024, India's commerce ministry said in a statement on January 26.
BUSINESS
MC-Deloitte CEO Survey: 86.7% believe tax relief, simpler GST will spur consumption
An overwhelming 86.7 percent of the CEOs surveyed have sought for a simple GST and a reduction in income taxes to spur consumption.
BUSINESS
MC-Deloitte CEO Survey: 35.6% moderately confident of inflation easing to 4%
According to the survey, 35.6 percent CEOs are moderately confident, while a larger 37.8 percent are neutral on the Reserve Bank of India bringing down inflation to 4 percent
BUSINESS
MC-Deloitte CEO Survey: Majority of India Inc expects RBI to cut rates by 25-50 bps in next 6 months
The Reserve Bank of India on December 6 held the repo rate steady at 6.5 percent for the 11th consecutive time.
BUSINESS
MC-Deloitte CEO Survey: 62.2% of India Inc says infra spending key to driving growth
Around 53 percent of the CEOs say bold reforms to boost manufacturing and job prospects will be key to India’s growth
BUSINESS
Budget 2025: Commerce Ministry seeks more steps to boost e-commerce export hubs
The initiatives sought include an effective return policy for goods as well as easier financing for e-commerce exporters. The first e-commerce export hub in the country is expected to start functioning from March this year.
