Mumbai, Feb 22 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Sunday said the state government will present a Budget that aims to provide relief to the common man while maintaining fiscal discipline, adding that preparations made by the late Deputy Chief Minister Ajit Pawar would be reflected in the financial plan.Addressing a press conference on the eve of the Budget Session of the state legislature, Fadnavis said the Budget for 2026–27 will be presented on March 6 and will incorporat…
Latest Fiscal Policy News & Updates
Washington, Feb 19 (IANS) The International Monetary Fund has urged China to take stronger steps to revive domestic demand and reduce economic imbalances, warning that weak consumption and deflation could slow growth and affect the global economy. The IMF Executive Board, which concluded its 2025 Article IV consultation with China on February 13 (local time), said the economy “has remained remarkably resilient despite facing multiple shocks in recent years.”China’s economy grew 5 per cent …
New Delhi, Feb 7 (IANS) Suffering from a profound identity crisis, Pakistan has thrown tax burden onto a population that receives the public services of a medieval fiefdom, according to a new report.A report in Business Recorder reveals that Pakistan’s fiscal policy remains obsessed with squeezing the productive few to fund a “bloated, unproductive bureaucracy”. “We are not a welfare state; we lack the institutional nervous system, the documentation, and the moral contract to sustain one…
New Delhi, Feb 2 (IANS) The Pakistan government has become addicted to IMF borrowing much like a drug addict and refuses to extricate itself from the self-made problem of creating cycles of foreign exchange shortages and bare sufficiency with IMF loans, according to a new report.These are accompanied by fiscal profligacy as seen in the government’s inability to contain needless expenditures and raise sufficient revenues to keep its debt at sustainable levels, according to an article by former …
New Delhi, Feb 1 (IANS) The government is set to present the Union Budget 2026-27, with Part B of the Budget document likely to carry unprecedented detail and emphasis on economic direction and policy reforms for the first time — sharing directional cues on growth priorities and the country’s emerging role in a shifting global economy.The Union Budget is divided into two parts — A and B — with the latter part serving primarily as a shorter segment focused on tax proposals and select updates…
Washington, Jan 29 (IANS) Emerging market economies have shown notable resilience despite trade disruptions, geopolitical uncertainty, and shifting global financial conditions, senior International Monetary Fund (IMF) officials said here on Thursday, while warning that risks remain tilted to the downside. Presenting the IMF’s latest assessment ahead of a conference on emerging economies, IMF Economic Counsellor and Director of Research Pierre-Olivier Gourinchas said global growth has held up bet…
New Delhi, Jan 29 (IANS) The Economic Survey for 2025-26, tabled in Parliament on Thursday, has raised India’s potential growth rate to 7.0 per cent, up from 6.5 per cent three years ago, as “sustained domestic reforms and public investment are lifting the economy’s underlying growth capacity” despite the global headwinds.“The expansion of infrastructure — illustrated by the doubling of the airport network over the past decade and the rapid growth of freight movement through inland wa…
Washington, Jan 29 (IANS) Bhutan’s economy is projected to grow a strong 7.4 per cent in FY2025/26 and remain sturdy in the following year, propelled by rising hydropower exports, a tourism rebound, and higher capital spending, the International Monetary Fund (IMF) has said.Inflation is expected to converge toward 4 per cent, anchored by the currency peg and the high import content of investment, according to the IMF Executive Board, which concluded its 2025 Article IV consultation with Bhutan…
Washington, Jan 16 (IANS) India’s upcoming Union Budget is expected to broadly stay the course, with the government maintaining its focus on fiscal consolidation, macroeconomic stability and stepped-up investment in high-technology sectors, according to Anit Mukherjee, Senior Fellow at ORF America, who has worked extensively on fiscal and development policy.“I’m expecting more of the same because this is the midpoint of this term, of this government,” Mukherjee told IANS in an interview,…
New Delhi, Jan 15 (IANS) Pakistan’s current state of affairs cannot drive the 250 million-strong population towards sustained progress due to cross-cutting constraints affecting all 20 priority export products and six export drivers, a media report has stressed, highlighting that blaming the IMF will not do any good for the country, which is massively suffering across economic parameters.A panel constituted by Prime Minister Shehbaz Sharif reached this conclusion after discussions with industr…