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NEW DELHI: The government is likely to achieve the fiscal deficit target of 4.4 per cent of the GDP in FY26, and it could even better it, a positive signal to global investors about India’s commitment to fiscal management, PwC Partner and Economic Advisory Services leader Ranen Banerjee said.The revision in the nominal GDP growth…
Opposition-ruled states Punjab and Telangana on Saturday sought additional fiscal support from the Centre in the Union Budget 2026-27, arguing that the proposed Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) will place a heavier financial burden on states due to its revised cost-sharing formula, PTI reported.The demands were raised at…
NEW DELHI: The latest GDP numbers at current prices will provide cheer to the Centre’s budget team as it works out the final set of numbers for the current fiscal year.Although the nominal GDP growth was estimated at 8%, slower than the 10.1% assumed at the time of presenting the budget, the latest data released…
India’s imports of crude petroleum from the US in the first eight months of the current fiscal registered a year-on-year increase of more than 92% compared with the same period in 2024, with Russia remaining the biggest supplier of the product between April and Nov 2025.As per data from the ministry of commerce and industry,…
The Centre’s fiscal deficit stood at Rs 9.76 lakh crore at the end of November, accounting for 62.3% of the full-year budget estimate for 2025-26, government data released on Wednesday showed, PTI reported.The deficit was higher than the 52.5% recorded during the same period last year, reflecting a faster pace of expenditure relative to revenue…
The Confederation of Indian Industry (CII) urged the government to focus on institutional reforms and fiscal consolidation in the upcoming 2026-27 budget to maintain India’s growth momentum. The industry body presented these recommendations on Thursday, emphasising debt sustainability, fiscal transparency, revenue collection, and spending efficiency as key areas for improvement.“India has achieved a rare convergence…
India’s space industry has attracted $150 million in funding so far in the current financial year, marking the highest-ever fund mobilisation since the government opened up the sector to private participation in 2020, INSPACe Chairman Pawan Goenka said on Thursday, PTI reported.Speaking at the India Economic Forum in New Delhi, Goenka said the funding milestone…
The central government’s fiscal deficit stood at 52.6% of the full-year target at the end of October 2025, data released by the Controller General of Accounts (CGA) on Friday showed. In the same period last year, the deficit was 46.5% of the 2024-25 Budget Estimates (BE).In absolute terms, the fiscal deficit – the gap between…
File photo (Picture credit: AP) The United States began the 2026 fiscal year with a $284 billion federal deficit in October, a figure shaped by record tariff revenue but also distorted by a major shift in benefit payments and delays caused by a 43-day federal shutdown. The Treasury said the shutdown postponed some agency spending,…
India’s fiscal space is tightening as recent tax cuts weigh on revenue growth, leaving the government with less room to support the economy through policy measures, Moody’s Ratings said on Tuesday, according to PTI. The global agency flagged that lower collections in the current financial year have added pressure on the fiscal consolidation path.Speaking at…
