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BUDGETARY DEFICITS
UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG reportFifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptrol...- Fiscal stress deepens across states as all 28 post deficits in FY25: CAG reportIndia's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liab...
- Northeast’s rise under PM Modi is one of India’s biggest success stories: Sarbananda SonowalThe Northeast region of India has transformed into a major economic growth hub; significant investments in infrastructure, digital connecti...
- India's strong growth keeps state finances stable despite deficits, rising debt: S&PIndia's robust economic expansion is shielding state finances from worsening. Despite ongoing spending needs and revenue gaps, strong growt...
- 100 days of Iran war: India must brace for broad-based economic shockIn a volatile turn of events, escalating strikes between Iran and Israel are sending shockwaves that may reach India’s economy. As the spec...
- After winning poll battles, Modi has picked up a new fightAmidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel c...
- Indian officials see Iran war oil shock as disruptive as CovidIndia is drawing on its Covid-era playbook to cushion the economic blow from the Iran war, with officials warning the disruption to energy ...
- Centre may rejig spending to meet FY27 fiscal deficit targetThe Indian government is looking at shifting its spending priorities. This is to manage new expenditure needs arising from supply chain iss...
- BJP's financial challenge: Delhi's looming deficit, subsidy billsDelhi is staring at a budgetary deficit in 2025-26. The subsidy bill in 2014-15, when Delhi was under a year-long President's rule, was Rs ...
- French deficit worsens to 'very rare' levelFrance's budget deficit exceeded expectations in 2023, reaching 5.5% of GDP, prompting concerns about President Macron's fiscal goals. The ...
- 2024 Interim Budget: Emphasizing policy continuity in a mature economyThe interim budget is reassuring with no big surprises. The fiscal deficit target for FY24 will be met and a tighter target is proposed for...
- Government under attack in Lok Sabha for levying additional petrol excise dutyThe easing of international prices of crude oil was being utilised by the government to offset its budgetary deficit- Mallikarjun Kharge
- Fiscal consolidation with quality focus crucial: RBIGross fiscal deficit widened in the first eight months of the current fiscal, but the government maintained it will meet the budgetary targ...
- Containing fiscal deficit can be a challenge, says RBIThe Reserve Bank today said containing fiscal deficit this financial year within the budgetary limit could be a challenge for the governmen...
- Infosys chairman K V Kamath hails direct cash transfer; says it can trim fiscal gapDescribing the direct cash transfer scheme as a game-changer Kamath said the soon-to-be-launched programme will help reduce budgetary defic...
- Former Union Minister Arun Shourie backs diesel price hikeArun Shourie backed hike in diesel price but felt that decisions to allow FDI in retail, aviation sectors were neither here nor there.
- Finance Minister Chidambaram asks ministries not to seek additional fundsChidambaram told financial advisors of different ministries they should not "expect any sizeable increase" in allocations during this fisca...
- Obama seeks tax on wealthy, cuts in public debtWith an eye on the 2012 presidential elections, Obama has proposed significant reduction in budgetary deficits through a series of proposal...
- No new tax proposal in Chhattisgarh's budgetThe Chhattisgarh government has proposed no new taxes or any hike in existing rates in the budget for 2008-09, presented in the State Assem...
- FM likely to revise fiscal deficit to below 5% of GDPThis is something every economist and analyst worth his spreadsheets will be looking at closely.
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