New Delhi, Feb 1 (IANS) In her Union Budget speech for 2026-27, Finance Minister Nirmala Sitharaman outlined several forward-looking proposals in the financial sector, aimed at strengthening India’s banking system and enhancing ease of doing business as the country progresses towards the goal of Viksit Bharat. A major announcement was the proposal to establish a high-level committee on Banking for Viksit Bharat. This panel will conduct a comprehensive review of the entire banking sector, includi…
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New Delhi, Jan 30 (IANS) India’s fiscal deficit for the first nine months (April-December) of the financial year 2025-26 stood at Rs 8.55 lakh crore, which works out to 54.5 per cent of the annual target set in the Budget for the full financial year, according to data released by the Finance Ministry on Friday.The fiscal deficit is lower than the corresponding figure of 56.7 per cent recorded in the same period of the previous year.Total receipts during the first nine months of the current finan…
New Delhi, Jan 29 (IANS) A strong manufacturing sector can push India’s medium-term economic growth to 7.5 or 8 per cent, higher than the 7 per cent projected in the Economic Survey, Chief Economic Adviser V. Anantha Nageswaran said on Thursday.Addressing the media after the tabling of the Economic Survey in the Parliament, the CEA said that a strong manufacturing sector, which pushes up exports, would also reduce the current account deficit and bolster the rupee.He also said that the sector i…
New Delhi, Jan 2 (IANS) India’s equity markets are expected to remain resilient in 2026 amid global uncertainty, supported by strong domestic fundamentals, policy support and sector‑specific tailwinds, a new report has said.The report from BP wealth and STOXBOX forecasted that the domestic economy should continue to shine in the global context as “various India‑specific triggers are aligned in the right direction”.Among sectors, automobiles are expected to outperform with mid‑single‑…