New Delhi, April 20 (IANS) Indian states will continue to prioritise public investment, with a slight moderation in capital‑expenditure growth to around 8–10 per cent in FY27, a report said on Monday.This would translate into a capex of about 2.3 per cent–2.4 per cent of Gross State Domestic Product (GSDP), supported by interest-free loans from the Centre, the report from CareEdge Ratings said.The report cited rising revenue‑expenditure commitments and moderation in revenue growth leadin…
Latest fiscal deficit News & Updates
Mumbai, April 20 (IANS) India’s primary market remained strong in FY26 with 153 IPOs collectively raising Rs 2,01,442 crore, even as broader equity markets underwent a correction, a new report said on Monday.In its outlook for FY27, HDFC Securities highlighted that robust IPO activity reflects sustained investor appetite and confidence in India’s growth story despite global uncertainties and market volatility.The report noted that India’s macroeconomic fundamentals remain resilient, with r…
New Delhi, April 14 (IANS) India can withstand a sharp energy shock due to its strong domestic fundamentals, potential government support, and significant improvement in corporate and banking sector health over the past few years, a report said on Tuesday.The report from S&P Global Ratings said robust corporate balance sheets and banks’ strong capital and profitability would cushion the economy against higher energy prices.”India’s robust external position gives it buffers to absorb some s…
Visakhapatnam, April 8 (IANS) Leader of the Opposition (LoP) in the Andhra Pradesh Legislative Council, Botcha Satyanarayana has written to Governor S. Abdul Nazeer that the State Finance Department presented incorrect and incomplete information on government borrowings for 2024-25 and 2025-26 in the Council.In his letter, Botcha Satyanarayana said the reply given by the Principal Finance Secretary to a starred question in the February 2026 session understated the actual borrowings and omitted k…
New Delhi, April 7 (IANS) Large-scale tax evasion in Pakistan’s tobacco sector, resulting in estimated annual losses of over Rs 300 billion, has emerged as a major concern amid the country’s worsening fiscal stress, according to a local media report.The report by The Express Tribune highlighted that the illicit cigarette trade continues to significantly erode government revenues, even as authorities struggle to meet tax targets and manage a widening budget deficit.Pakistan’s fiscal position has …
New Delhi, April 7 (IANS) Global geopolitical tensions are beginning to weigh on India’s economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday.The data compiled by Morgan Stanley projected India’s growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges.However, it is lower than earlier estimates of 6.5 per cent, the report stated. The downgrade ref…
New Delhi, April 6 (IANS) Moody’s Ratings on Monday maintained India’s sovereign credit rating at Baa3 with a stable outlook.In its latest report, the agency said India’s stable outlook reflects improving fiscal indicators since the pandemic and relatively resilient economic growth compared to other countries.It also noted that continued investments in infrastructure, digitalisation, and financial sector reforms have supported a steady recovery.However, Moody’s warned that rising geopoli…
New Delhi, April 2 (IANS) The Reserve Bank of India is unlikely to hike interest rates at its upcoming Monetary Policy Committee meeting next week unless crude oil prices sustain above $100 per barrel, a report said on Thursday.With “base case of oil averaging $80 per barrel in 2026, we expect no rate hikes”, an HSBC Global Investment Research report said, adding that an interest rate defence for the rupee could prove costly if the growth drag from higher oil prices becomes non-linear and intens…
Bhubaneswar, March 31 (IANS) The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024–25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax mobilisation, poor dividend collection, long-outstanding loans, and concentrated short- to medium-term repayment obligations. The State Finances Audit Report of the Odisha government for 2024–25, pres…
New Delhi, March 30 (IANS) The Central government’s fiscal deficit touched 80.4 per cent of the budgeted target by the end of the first 11 months from April to February of the financial year 2025-2026, reflecting a strong fiscal position, according to figures released by the Comptroller General of Accounts on Monday.The gap between the government’s expenditure and revenue stood at Rs 12.53 lakh crore from April to February, against the full-year target of Rs 15.58 lakh crore. In the same perio…