Foreign institutional investors have already sold equities worth $14.2 billion in March, the highest monthly outflow on record, reflecting rising concerns around oil prices and macro stability.
CM points to Karnataka’s reduced share of divisible taxes-down to 4.131% from 4.71%-saying it could cost the state Rs 10,000-15,000 crore annually; calls budget heavy on vision, light on action.
OECD continues to predict global growth will slow to 2.9% in 2026 from 3.2% in 2025 as the full effects of levies on trade have yet to be felt.
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
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
The share of central sector schemes increased to 32.2% in FY24 from 27.4% in FY18
As passenger volume rises, airports will see an increase in aeronautical and non-aeronautical revenues
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
Kerala’s finances require a long hard look. By all accounts, this doesn’t make for a healthy public finance management glide path
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.
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.
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.
The biggest factor driving the moderation is low demand in wholesale credit, which constitutes as much as 60 per cent of the overall credit.
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.
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.
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.