August 27, 2024, 08:58 AM - 3 min read
The newly-announced Unified Pension Scheme (UPS) is expected to shoot up the fiscal deficit by 15 basis points (bps) to 5.1 per cent from the budgeted 4.9 per cent in the financial year 2025 (FY25), according to a report released by the Macquarie Group on Monday.
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August 1, 2024, 05:56 PM - 2 min read
India's fiscal deficit showed a notable improvement in the first quarter of the current financial year, reflecting a decline compared to the same period last year. According to data released by the Finance Ministry, the fiscal deficit for April to June stood at 8.1 percent of the full year's estimate. This marks a significant drop from the 25.3 percent recorded in the same quarter of the previous year.
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July 23, 2024, 01:01 PM - 2 min read
The finance minister said gross and net market borrowing is pegged at Rs 14.01 lakh crore and Rs 11.63 lakh crore, respectively, in FY25.
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June 1, 2024, 01:14 PM - 2 min read
Government may lower fiscal deficit target below 5.1% of GDP for FY25 , buoyed by higher GDP growth, buoyancy in tax revenues, and anticipated agricultural sector growth, amidst geopolitical tensions and global market uncertainties.
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February 1, 2024, 12:38 PM - 2 min read
Presenting the interim Budget 2024-25, Sitharaman said tax receipts for 2024-25 projected is projected at Rs 26.02 lakh crore. She informed that the fiscal deficit in FY24 is expected at 5.8 per cent of GDP, down from 5.9 per cent estimated earlier. And no changes in tax rates for direct and indirect taxes, including import duties.
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