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June 30, 2025, 03:35 PM - 2 min read
India’s states and Union Territories are set to raise approximately ₹2.86 lakh crore from financial markets during the July-September 2025 quarter, the Reserve Bank of India (RBI) said on Saturday.
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March 28, 2025, 04:39 PM - 3 min read
India’s fiscal deficit for the period from April to February stood at ₹13.47 trillion, accounting for 85.8 pc of the full-year target, according to government data released on Friday. The figures indicate the country’s fiscal performance as it nears the end of the financial year on March 31.
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February 2, 2025, 06:54 PM - 3 min read
Finance Minister Nirmala Sitharaman recently emphasised India's unwavering commitment to fiscal discipline, despite global economic challenges and an absence of rating upgrades by agencies like Moody's.
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January 31, 2025, 06:05 PM - 2 min read
In the Union Budget, the government projected to bring down the fiscal deficit to 4.9 per cent of gross domestic product (GDP) in the current 2024-25 financial year. The deficit was 5.6 per cent of the GDP in 2023-24.
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January 7, 2025, 03:50 PM - 2 min read
India is on the path of fiscal prudence as the government has spent around 52.5 per cent of the budget estimate (BE) of its deficit in the first seven months of FY25, says a report by the Union Bank of India.
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January 1, 2025, 02:31 PM - 2 min read
In the Union Budget, the government projected to bring down the fiscal deficit to 4.9 per cent of gross domestic product (GDP) in the current 2024-25 financial year. The deficit was 5.6 per cent of the GDP in 2023-24.
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December 25, 2024, 01:37 PM - 3 min read
The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 and to attain a level of fiscal deficit lower than 4.5 per cent of GDP by FY 2025-26.
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December 8, 2024, 05:18 PM - 3 min read
Industry body CII has suggested the government to stick to the fiscal deficit target of 4.9 per cent of GDP for 2024-25 and 4.5 per cent for 2025-26, cautioning that "overly aggressive targets" beyond these could adversely affect India's economic growth.
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November 29, 2024, 04:59 PM - 2 min read
The Centre's fiscal deficit for the first seven months of FY 2024-25 reached ₹7,50,824 crore, or 46.5% of the full-year target, according to government data released on Friday.
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September 30, 2024, 05:22 PM - 2 min read
The Centre's fiscal deficit for the first five months of 2024-25 reached 27% of the full-year target, amounting to Rs 4.35 lakh crore, with the government aiming to reduce the deficit to 4.9% of GDP by year-end.
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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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