New Delhi, Feb 22 (IANS) India’s capital expenditure saw a year-on-year contraction of 23.4 per cent in the third quarter of FY2025-26, a new report said on Sunday.The moderation in government spending is expected to slightly temper economic growth momentum during the quarter, although overall activity remains supported by festive demand and state-level capex expansion, data compiled by ICRA showed.However, state governments showed improved momentum. Data available for 24 states showed that th…
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New Delhi, Feb 13 (IANS) Prime Minister Narendra Modi said on Friday that India will be an engine of global growth and build its own development model as the country’s Reform Express is gathering further momentum. Addressing the ET Now Global Business Summit 2026 here, the Prime Minister said the Union government was accelerating the process of economic reforms not out of compulsion but because of its conviction to change the ecosystem to benefit the masses and achieve a ‘Viksit Bharat’ (Develop…
Lucknow, Feb 11 (IANS) Uttar Pradesh Finance Minister Suresh Khanna on Wednesday presented a Rs 9,12,696.35 crore budget for the financial year 2026-27 in the Assembly, an increase of nearly 12.9 per cent over the previous year.The Budget includes new schemes worth Rs 43,565.33 crore.The government has placed special emphasis on capital expenditure, fiscal discipline, strengthening law and order, and expanding health and medical infrastructure.Capital expenditure has been pegged at 19.5 per cent…
New Delhi, Feb 7 (IANS) With coastal states leading the Blue Economy mission and industrial corridors driving advanced manufacturing, Andhra Pradesh is positioned as a key partner in India’s journey towards Viksit Bharat 2047, Union Minister Jitendra Singh said on Saturday. The Union Budget 2026–27 gives concrete shape to this vision by placing fisheries, marine exports, coastal infrastructure, and ocean-based economic activity at the centre of India’s long-term growth strategy, he stated….
New Delhi, Feb 5 (IANS) India’s fiscal strategy has undergone a clear and deliberate shift over the past decade, with the expenditure mix increasingly oriented towards capital-led growth, according to a new report.Notably, the FY27 Budget reinforces this trajectory, reflecting the government’s conviction that durable growth, private investment crowding-in, and macroeconomic stability are best achieved through sustained public capital formation rather than short-term fiscal stimulus. As a res…
New Delhi, Feb 2 (IANS) Retired IRS officer and former Assistant Director of the Enforcement Directorate, Anil K. Rawal, on Monday described this year’s Union Budget as a positive and forward-looking policy document that focuses on long-term economic stability rather than short-term market reactions.Speaking to IANS on the budget, Rawal said people should not judge it based on stock market movements.”The budget clearly reflects the government’s direction and long-term priorities,” Rawal told…
New Delhi, Feb 2 (IANS) Robust consumer spending and public investments will maintain India’s real GDP growth at 6.7 per cent in fiscal 2027 and 7 per cent in fiscal 2028, S&P Global Ratings said on Monday, adding that the Union Budget reinforces its expectation of gradual fiscal consolidation.The global ratings anticipates that these growth rates continue to place India above sovereign peers at similar income levels and should continue to support fiscal revenue increase.The central governme…
New Delhi, Feb 2 (IANS) Finance Minister Nirmala Sitharaman on Monday said that the government is set to introduce the Insolvency and Bankruptcy Code (IBC) Amendment Bill in the second half of the Budget session, beginning March 9.Addressing a press briefing, a day after presenting the historic reform-oriented Budget 2026-27, she said that the pace and direction of disinvestment should set the tone for revenue generation in the coming years.”Going forward, there will be a lot more divestment. Sp…
New Delhi, Feb 2 (IANS) Union Budget 2026–27 kept a “long‑term vision at the forefront” by increasing capital expenditure and improving the expenditure mix, a report said on Monday.The report from Crisil Intelligence said the focus is shifting to the long term—with reforms, improving ease of doing business, and inclusive growth getting centre stage.Immediately after the Covid-19 pandemic, the primary focus was on ramping up infrastructure spending and mitigating pandemic impact on growth a…
New Delhi, Feb 2 (IANS) Union Budget 2026‑27 marked a “pragmatic approach” with “no fireworks,” laying the groundwork for a stable medium‑term growth environment, without focusing on immediate catalysts for equity markets, a report has said.Global Brokerage Jefferies India in the report lauded the renewed emphasis on capital expenditure, particularly in defence, which was enabled by slower fiscal consolidation.The brokerage also welcomed support for data centres and electronics compo…