New Delhi, March 13 (IANS) The government remains committed to keeping the fiscal deficit within the revised estimates for FY26, even as it brings in the second batch of supplementary demands for grants, Finance Minister Nirmala Sitharaman said on Friday.Replying to the debate in the Lok Sabha on the Supplementary Demands for Grants (Second Batch) for 2025–26, the Finance Minister said the additional spending proposals would remain within the fiscal deficit target presented in the Union Budget…
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Mumbai, March 11 (IANS) Chief Minister Devendra Fadnavis on Wednesday announced that Maharashtra will become the first state to achieve one trillion dollar economy by 2029 and become five trillion dollar economy by 2047. He said the size of the state economy is $660 billion in 2025-26 and it has to add another $340 billion to become one trillion dollar economy.He added that the state has added a record $55 billion in one year reiterating that state will achieve one trillion dollar economy status…
Mumbai, March 9 (IANS) While Pune district has secured the highest overall allocation in the District Annual Plan (DAP) for the 2026-27 financial year, Nagpur — the home district of Chief Minister Devendra Fadnavis — has recorded the most significant funding increase.According to the Maharashtra Budget presented by Fadnavis last Friday, Nagpur has consistently recorded the highest growth in allocations over the past three years. For the coming fiscal year, Pune, Nagpur, and Mumbai suburban dis…
New Delhi/Bengaluru, March 6 (IANS) Union Minister for Food, Consumer Affairs and Public Distribution Pralhad Joshi has criticised the 17th Budget presented by Chief Minister Siddaramaiah, stating that its only distinction is its large size of Rs 4.48 lakh crore while also setting records in terms of rising state debt and fiscal deficit, and appearing to be driven by “vote bank” considerations.Reacting to the Karnataka government’s Budget for 2026–27, Joshi said on Friday that instead of…
Bengaluru, March 6 (IANS) Leader of the Opposition in the Karnataka Legislative Assembly and senior BJP leader R. Ashoka on Friday criticised the State Budget presented by Chief Minister Siddaramaiah, alleging that it imposes a massive debt burden on the people of the state while offering little in terms of real development.Speaking to reporters, Ashoka said the Chief Minister has pushed Karnataka into unprecedented levels of debt.“Including this Budget, the Siddaramaiah government has accumul…
Bengaluru, March 6 (IANS) Karnataka Chief Minister Siddaramaiah on Friday said the state’s total liabilities at the end of 2026–27 are estimated at Rs 8,24,389 crore while presenting the State Budget in the Legislative Assembly.The Chief Minister stated that for the financial year 2026–27, the revenue deficit is estimated at Rs 22,957 crore, while the fiscal deficit is projected at Rs 97,449 crore, which is 2.95 per cent of the Gross State Domestic Product (GSDP).The total liabilities of Rs …
Mumbai, March 5 (IANS) Maharashtra’s public debt is set to climb to a staggering Rs 9.32 lakh crore in 2025-26, even as the state projects a strong 7.9 per cent economic growth that edges past the national forecast, according to the pre-budget Economic Survey presented in the Maharashtra Assembly on Thursday.Minister of State for Finance, Ashish Jaiswal, tabled the document, which paints a picture of robust expansion fueled by impressive GST inflows and buoyant market sentiment, while underscori…
Mumbai, March 5 (IANS) Maharashtra’s economy is set to grow at 7.9 per cent in 2025-26 against the India’s growth rate of 7.6 per cent especially due to a record collection of Goods and Services Tax and favourable market conditions. Maharashtra continues to be the growth engine of the country. The nominal Gross State Domestic Product (GSDP) at current prices is expected to grow by 10.4 per cent. According to the Economic Survey for 2025-26 presented by the Minister of State for Finance Ashish …
Chandigarh, March 2 (IANS) Haryana Chief Minister Nayab Singh Saini on Monday proposed a state budget of Rs 2.23 crore for 2026-27, a 10.28 per cent increase over the revised estimate of Rs 2.02 crore for 2025-26, with a focus on strengthening the rural economy. He announced the creation of a third power distribution company, named Haryana Agri DISCOM, specifically designed to cater to the farming community.Presenting his second budget, CM Saini, who also holds the Finance Department portfolio, …
New Delhi, Feb 27 (IANS) India’s fiscal deficit for the first 10 months (April to January) of FY 2025-26 was Rs 9.8 lakh crore, which works out to 63 per cent of the estimate for the full financial year ending on March 31, official figures released on Friday showed.Net tax receipts for April-January stood at Rs 20.94 lakh crore, up from Rs 19 lakh crore collected in the same period last year.Non-tax revenue went up to Rs 5.57 lakh crore, from Rs 4.7 lakh crore in the same period of the previous …