2023-09-04 17:18:27 Indian states need to do more to reduce their debt levels and bring them closer to the Fiscal Responsibility and Budget Management goal of 20%, a recent study by economists at Bank of Baroda stated. The study suggested debt to GDP ratio at 25% as a short-term goal and the interest to revenue … Read more
2023-06-30 09:50:08 Rice and dal can turn into a disappointing combo for the Reserve Bank of India (RBI). Even as the RBI rate-setting panel had kept the benchmark lending rate at 6.5 per cent in June for the second consecutive time after a cumulative hike of 250 basis points since May last year as inflation … Read more
2023-06-25 09:46:46 Most large states have fallen behind their budgeted capex targets by a wide margin in FY23, which was pegged at Rs 7.4 lakh crore but could spend only Rs 5.71 lakh crore or 76.2 per cent only, according to an analysis. Only four states — Karnataka, Sikkim, Arunachal and Bihar — have over-achieved … Read more
2023-05-20 01:36:15 Mumbai: The Reserve Bank of India nearly tripled its annual surplus transfer to the government, helping the state reap a windfall that will ease worries about any strain on its finances amid flailing asset sales. It will transfer ₹87,416 crore as surplus for the fiscal year ended March, up from ₹30,307 crore a … Read more