India likely to achieve fiscal deficit target in 2023-24, says govt

2023-12-18 08:31:50 The Indian government is likely to achieve its fiscal deficit target of 5.9% of gross domestic product (GDP) in the financial year 2023-24, junior finance minister Bhagwat Karad said on Monday. India’s fiscal deficit in the first seven months of the financial year ending on March 31, 2024 was Rs 8.04 lakh crore … Read more

sahara sebi fund: Subrata Roy’s Sahara ‘scam’: Central govt may take over the Rs 25,000 Cr lying unclaimed with SEBI – The Economic Times Video

2023-11-20 14:43:40 The government is looking into the legality of transferring unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India, with a provision to refund investors who stake claims later. The death of Sahara Group founder Subrata Roy last week has put the spotlight on the fund. There have been few … Read more

How Rs 25,000 crore of Sahara money transfer to government can affect the economy & bond market

2023-11-20 10:49:07 Following the death of Sahara Group founder Subrata Roy last week, the government is exploring the legality of transferring the unclaimed funds lying in the Sahara-Sebi Refund Account to the Consolidated Fund of India, ET reported this week. As on March 31, the funds recovered from the Sahara Group and deposited in state-owned … Read more

Goldman Sachs sees India GDP growth at 6.3% in 2024

2023-11-20 11:40:44 Goldman Sachs expects the Indian economy to grow at 6.3 per cent in 2024 riding on macro-economic resilience and lower vulnerability to external shocks compared to its peers in the Asia Pacific region. In its ‘India 2024 outlook’ released today, the global investment bank said that repeated supply side shocks are likely to … Read more

India’s growth story – 2030: Private sector to play a key role

2023-11-04 12:31:52 India will be a USD 4 trillion economy by the end of 2023-24 and a USD 10 trillion by 2030. India’s vision for growth and development is focused with the aim to be the 3rd largest economy. Good governance, inclusivity, diversity, sustainability, Digi-tech and innovation, manufacturing, employment generation, predictable policies, extensive industry consultations … Read more

Public capex will decline as govt reduces fiscal deficit, private investment must step up: Goldman Sachs

2023-10-09 14:27:41 Private investment needs to pick up as the level of capex cannot be sustained by the government, said Goldman Sachs in a report released Monday. The global investment bank stated that public capex has peaked and will decline as the government reduces its fiscal deficit by almost 1.5 percentage points to 4.5% by … Read more

fiscal deficit: Centre’s fiscal deficit up to August rises to almost 36% of FY24 target

2023-09-29 11:29:40 The Central government’s fiscal deficit in the first five months of this fiscal year hit 36% of the annual target, up from 32.6% a year before, as the pace of spending slowed a tad in August from the previous month but it still remained higher than the previous year, showed the official data … Read more