Fiscal

Budget 2025 may keep capex target largely unchanged: MC Poll

Nearly all economists in the MC poll agreed on a need to push manufacturing, but opinion was divided on expanding production-linked incentive schemes to other sectors

Budget 2024: Centre’s fiscal policy likely to stay on the beaten track

The first-year budget of a new government typically sets the roadmap for the policies that follow. Budget 2024 needs to draw a blue-print for areas that need immediate attention

Budget 2024: How shares of centrally funded schemes in spending kitty have changed

The share of central sector schemes increased to 32.2% in FY24 from 27.4% in FY18

Private airports likely to witness 30% rise in topline this fiscal: Report

As passenger volume rises, airports will see an increase in aeronautical and non-aeronautical revenues

Budget 2024: Competing fiscal choices may see capex allocations taper in FY2025

The government is expected to target a fiscal deficit of 5.3% of GDP and fiscal math calculations suggest that realistically, capex growth may need to be limited to 10 percent in FY2025

God’s own country inching towards a fiscal precipice. Blaming the Centre alone won’t help

Kerala’s finances require a long hard look. By all accounts, this doesn’t make for a healthy public finance management glide path

Procurement from GeM portal crosses Rs 2 lakh crore so far this fiscal

The government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments.

India to grow at 6.5% to 6.8% this fiscal; festive, govt spending to drive growth: Deloitte

In its India economic outlook report, released earlier this month, Deloitte said India will need at least 6.5 per cent growth every fiscal to become the world's third largest economy by 2027, with its Gross Domestic Product (GDP) crossing USD 5 trillion.

Beijing Hints At More Fiscal Stimulus After Weak Economic Data

The Standing Committee of the National People’s Congress — the Communist Party-controlled parliament that oversees government borrowing — will meet later this month to review a bill assigning additional local government debt quotas in advance, the state-run Xinhua News Agency reported Friday.

Credit growth may moderate to 13% to 13.5% this fiscal: Report

The biggest factor driving the moderation is low demand in wholesale credit, which constitutes as much as 60 per cent of the overall credit.

Sidbi to raise Rs 10,000 crore from rights issue next fiscal

The central government owns 20.8 per cent in Sidbi, while State Bank of India holds 15.65 per cent and Life Insurance Corporation 13.33 per cent.

Net office leasing across 6 cities may fall 10% this fiscal: ICRA

The fall in office demand coupled with an influx of huge supply in FY2024, would result in a marginal rise in vacancy levels by 60 basis points to 15.5 per cent by the end of FY2024.

Coal India output grows 13% to 52.3 MT in August; supply up 15% at 59 MT

The supplies rose to 59 MT in August 2023 from 51.2 MT in the same month last fiscal, registering a rise of 15.3 per cent, the company said in a statement.

Bengal MSME sector received Rs 1.20 lakh crore loans from banks last fiscal

Nearly 90 lakh MSME units are functioning in the state, employing close to 1.35 crore people, state MSME secretary Rajesh Pandey said.

Net NPAs on course to fall to decadal best this fiscal: Report

At the same time, the likely gross fresh NPA generation at 2 per cent will be the lowest since fiscal 2012, the agencies told reporters here Tuesday.

Rajasthan’s free power offer set to worsen its stressed fiscal position

The western state’s finances are among the most under strain in the country.

Paint companies to log 10 to 12% growth in revenue this fiscal: Report

Volume expansion and the resultant cash generation will help paint companies maintain healthy balance sheets, which will also buffer credit profiles despite the rising capex, Crisil said in a report on Wednesday.

India's foreign trade set to cross US$ 1.6 trillion mark this fiscal: Report

The Global Trade Research Initiative (GTRI) said the USD 1.6 trillion would be about 48 per cent of India’s nominal GDP of USD 3.4 trillion for the fiscal year ending March 2023.

India exports wheat worth Rs 11,728.36 crore during April-January of this fiscal: Govt

In May last year, the government had banned exports of wheat to boost domestic availability and control prices In a written reply to Lok Sabha, Union Agriculture Minister Narendra Singh Tomar said, "At present, there is no proposal for lifting restriction on export of wheat before the Department of Agriculture and Farmers Welfare".

India's exports to UAE may cross $31 billion this fiscal

The government official said that the agreement is helping India to promote its outbound shipments to the UAE.

Kerala fouses on raising depleting revenue in budget for next fiscal year

The major project announcements include `Make in Kerala’ to increase domestic production, employment and investment opportunities in the state and an industrial township at Vizhinjam, where one of the largest container transshipment facilities is coming up.