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
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
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
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
2023-11-17 01:42:36 India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday. “We are not out of the woods yet and have miles to go, … Read more
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
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
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