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GOVERNMENT FINANCES
Unfazed by West Asia crisis, fiscal deficit within range at 18.2% in Q1The Centre's fiscal deficit reached 18.2% of the full-year target in the first quarter. Higher spending was offset by stronger net tax coll...- JPC asks industry to estimate financial hit from frequent pollsThe Joint Parliamentary Committee is seeking business impact data from industry bodies. Companies are detailing disruptions from past elect...
- Govt extends IFSC Authority Chairman K Rajaraman's tenure till Oct 2028K Rajaraman's term as IFSCA Chairman has been extended by 27 months. He will continue in this role until July 31, 2026, or his 65th birthda...
- SC stays CIC order declaring NSE 'public authority' under RTI ActThe Supreme Court has stayed a Central Information Commission order. This order declared the National Stock Exchange of India a public auth...
- India's Q1 FY27 fiscal deficit widens to Rs 3.1 lakh crore from Rs 2.8 lakh crore a year ago; at 18.2% of full-year targetIndia Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the April-June period of the previous fi...
- Avaada Group secures $1.3 billion financial closure for 2,150 MW projectsAvaada Group achieved financial closure for its renewable energy portfolio worth USD 1.3 billion for projects in Gujarat and Maharashtra. T...
- Global Market: Weak yen lifts Japan's forex reserve surplus to $31 billion in FY25Japan posted a 5.06 trillion yen ($31 billion) surplus in its special foreign exchange reserves account in FY2025, the second-highest on re...
- 'Wait till payback time!': South Korean retail investors protest as govt apologises after Kospi crashes 40% in a monthKospi skyrocketed over 122% since the beginning of the year to hit a lifetime high of 9,386 in June on the back of a global AI frenzy, befo...
- Has government scrapped Long Term Capital Gain (LTCG) tax for foreign investors? Finance Ministry repliesThe government has clarified no LTCG tax scrapping for foreign investors. Only investments in Government Securities now receive tax exempti...
- India, Africa call for stronger Global South partnership to shape emerging world order in EthiopiaIndia and African leaders, policymakers, diplomats, and development experts have called for a stronger and more action-oriented partnership...
- Course correction: Govt readies plan to double education loan disbursalsThe government plans a nationwide push to expand education lending significantly. Faster approvals and campus outreach will improve student...
- Is government planning to scrap Long Term Capital Gain (LTCG) tax on equities for domestic investors in FY 26-27? Minister respondsLong Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There i...
- PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit BharatPrime Minister Narendra Modi chaired a high-level meeting reviewing future action agendas. Discussions focused on finance, commerce, and te...
- Centre has sanctioned Rs 70,000 cr for West Bengal: State FM Swapan DasguptaThe Central government has sanctioned Rs 70,000 crore for West Bengal's development. This financial support aims to address a fifty-year de...
- India's cities need USD 2.4 trillion investment by 2050, but municipal corporations raise only a fraction: ReportIndia's cities will require an estimated USD 2.4 trillion in investments by 2050 to become climate-resilient and low-carbon, but municipal ...
- Tamil Nadu civic polls likely to be deferred to early 2027Local body elections in Tamil Nadu are expected to be postponed until early 2027. This delay is due to the extension of the Seventh State F...
- Parliament Watch: ESIC disburses Rs 5.26 crore under ABVK, 79 FEMA applications disposed of since FY22Parliament updates: Govt launched a 3-month drive to clear 16,033 labour disputes, ESIC disbursed ₹5.26 crore under ABVKY, approved polymer...
- Budget has buffers to tackle global risks, no need to revisit govt's budget estimates yet, says SitharamanUnion Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buffers exist to manage global uncerta...
- Bengal govt tables 28 pending CAG reports, accuses TMC of 'constitutional lapse'West Bengal's BJP government tabled twenty-eight pending CAG reports in the Assembly. The Finance Minister cited a constitutional lapse by ...
- US Stock Market: US Treasury's growing reliance on short-term bills sparks debate over borrowing risksThe US Treasury is increasing short-term bill issuance to meet rising funding needs. This strategy aims to rebuild government cash balances...
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