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The Centre’s fiscal deficit stood at Rs 12.52 lakh crore at the end of February, accounting for 80.4 per cent of the full-year target for 2025-26, according to data released by the Controller General of Accounts (CGA) on Monday, PTI reported.This compares with 85.8 per cent of the annual target achieved in the corresponding period…
MUMBAI: The rupee breached the 94 level for the first time to close at 94.81 per dollar after hitting a record low of 94.84, declining about 4% since late Feb and 11% in the current fiscal year, marking its worst financial year performance in over a decade.Many analysts are forecasting that oil prices will remain…
India’s economy is projected to expand by 7.6% in the current fiscal before moderating to 6.1% in 2026-27, the Organisation for Economic Cooperation and Development (OECD) said in its interim Economic Outlook report, PTI reported.The multilateral body said the evolving conflict in the Middle East has “human and economic costs” for countries directly involved and…
India’s imports of urea from China have climbed to their highest level in three years during the current fiscal, even as fertiliser shipments from Russia have also increased sharply, according to government data tabled in Parliament on Friday.In a written reply to the Lok Sabha, Minister of State for Fertilisers Anupriya Patel said India imported…
The Centre’s fiscal deficit stood at Rs 9.8 lakh crore at the end of January, accounting for 63 per cent of the full-year Budget target for 2025-26, according to data released by the Controller General of Accounts (CGA), PTI reported.The deficit level was lower compared with 74.5 per cent of the annual target recorded during…
NEW DELHI: The Centre aims to raise nearly Rs 1.8 lakh crore through equity divestment in state run firms led by initial public offers (IPOs) over the next four years as part of the second phase of the national monetisation plan, data released by govt’s policy think tank Niti Aayog showed.The National Monetisation Pipeline (NMP)…
NEW DELHI: At a high-level meeting of all senior-level officers of Enforcement Directorate in Guwahati last week, which was chaired by director Rahul Navin, all zonal offices were asked to expedite the filing of chargesheets so that the central agency can achieve its target of filing 500 prosecution complaints (chargesheets) in this financial year, which…
Chief Economic Advisor V Anantha Nageswaran (ANI) Chief Economic Advisor V Anantha Nageswaran on Thursday said the new Consumer Price Index (CPI) series will improve the quality of data used in formulating monetary and fiscal policies, as it better reflects current consumption patterns and economic conditions.The National Statistics Office (NSO) under the Ministry of Statistics…
The Union Budget for FY 2026-27 has pegged total expenditure at Rs 53.47 lakh crore, Finance Minister Nirmala Sitharaman said while replying to the discussion on the Budget in the Lok Sabha, outlining the government’s strategy of maintaining high capital spending alongside fiscal consolidation.The revised estimate for the current financial year ending March 31 has…
JAMMU: A high-powered Union home ministry panel has questioned Ladakh’s top political groupings on whether inclusion under the Constitution’s Sixth Schedule would offer sufficient safeguards, signalling that New Delhi is weighing constitutional limits, fiscal costs and governance models as demands for statehood gather force in the region.During talks Wednesday in New Delhi, the committee asked…
