New Delhi, Jan 29 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Economic Survey 2025-26 reflects the healthy banking fundamentals, achieved due to the various banking reforms undertaken by Prime Minister Narendra Modi’s government in the last decade.The Gross Non-Performing Asset (GNPA) ratio of scheduled commercial banks has fallen to a multi-decadal low of 2.2 per cent as of September 2025, marking a clear break from earlier stress cycles, the Finance Minister said in a ser…
Latest fiscal deficit News & Updates
New Delhi, Jan 29 (IANS) The government’s calibrated fiscal strategy has anchored India’s economic growth with stability amid global turbulence, according to the Economic Survey tabled in Parliament on Thursday.It highlights that rising tax collections and focus on capital expenditure has reduced the fiscal deficit and strengthened the country’s macroeconomic fundamentals.The Centre’s fiscal deficit is budgeted at 4.4 per cent of GDP in FY26 — down from 4.8 per cent in the previous fina…
New Delhi, Jan 28 (IANS) The government’s capex (capital expenditure) may cross Rs 12 lakh crore in the forthcoming Union Budget for 2026-27, which would represent an increase of around 10 per cent over the corresponding figure of the previous financial year, according to an SBI report released on Wednesday.This would enable the government to step up investments in big-ticket infrastructure projects in the highways, railways, ports and power sectors to boost growth and jobs in the economy.The FY…
Thiruvananthapuram, Jan 28 (IANS) Kerala’s economy posted strong and broad-based growth in 2024-25, with the Gross State Domestic Product (GSDP) in real terms expanding by 6.19 per cent to Rs 6.85 lakh crore, up from Rs 6.45 lakh crore in the previous year, according to the State’s Economic Review 2025, that was placed in the Assembly on Wednesday.It pointed out that growth was supported by steady expansion across primary, secondary and services sectors, alongside improved capital spending a…
New Delhi, Jan 26 (IANS) India continues to remain the bright spot supported by its strong macro fundamentals and the government capex may cross Rs 12 lakh crore in FY27, a year-on-year growth of 10 per cent, an SBI Research report said on Monday.The nominal GDP growth relevant for Budget math is expected at 10.5-11 per cent with the uptrend in global commodity prices may percolate in a higher WPI.A bit slower nominal growth may hurt tax revenues in FY27, requiring better expenditure planning. H…
New Delhi, Jan 23 (IANS) India’s gross tax revenue is projected to improve in FY27, rising by 9.6 per cent, marginally lower than projected nominal GDP growth of 10.1 per cent, a report said on Friday.The report from CareEdge Ratings said that direct tax collections are expected to see some improvement in FY27, aided by recovery in income and corporate tax collections.The government’s capex is projected to grow 10 per cent to Rs 12.3 trillion in FY27, while the fiscal deficit is expected to be b…
New Delhi, Jan 23 (IANS) The next fiscal (FY27) is likely to be a year of fiscal restraint for the upcoming Union Budget 2026-27, after having given a lot of tax breaks in FY26, according to a new report.As far as expenditure is concerned, at least a 10 per cent capex growth is assumed with limited room for revenue expenditure (as per our base case), according to the Budget Preview from HSBC Mutual Fund.“In terms of deficit, the commitment to walk the fiscal glide path suggests a fiscal defici…
New Delhi, Jan 22 (IANS) The government will likely unveil Budget 2026 with roughly Rs 53.5 trillion worth of total expenditure, a capital expenditure growth of about 15 per cent and a fiscal deficit target of 4.2 per cent, a report projected on Thursday.The report from investment management firm OmniScience Capital said that tax revenues are projected to grow about 10 per cent year‑on‑year in FY27 on a nominal GDP growth assumption of around 9 per cent.Non‑tax receipts are also expected t…
New Delhi, Jan 20 (IANS) The wave of reforms are likely to feature prominently in the Union Budget 2026-27, an HSBC report said on Tuesday, adding that given a slew of announcements in recent months, the government is in a mood for further reforms.The central government budget will be presented on February 1, followed closely by the RBI policy meeting on February 6.“We believe the government will focus on two pillars during such time – restraint and reforms,” the report mentioned.The repor…
New Delhi, Jan 16 (IANS) The central government’s fiscal deficit is expected to be set at 4.2 per cent of GDP for FY27 in the upcoming Union Budget (against the target of 4.4 per cent in FY26) — corresponding to moderation in debt to 55.1 per cent of GDP, a Morgan Stanley report said on Friday.The pace of consolidation will be consistent with central government debt reduction to 55.1 per cent of GDP from 56.1 per cent in FY26.“A pickup in nominal growth will help to lift tax buoyancy and imp…