New Delhi, June 16 (IANS) The Centre’s disinvestment receipts are set to cross Rs 15,000 crore in the April-June quarter of the financial year 2026-27, driven by the success of offer for sale transactions in the shares of public sector enterprises. This will provide a major boost to the government’s non-tax capital receipts and add to the fiscal strength in a year that the subsidy bill for fuel and fertilisers is likely to shoot up due to the West Asia crisis.Stake sales in Coal India, NHPC, NLC…
Latest Fiscal Year 2026-27 News & Updates
New Delhi, May 11 (IANS) India’s economy has remained resilient amid global shocks and is projected to clock the full year 2026-27 GDP growth rate of 6.6 per cent, with real GDP growth of closer to 7.2 per cent in the fourth quarter last fiscal (Q4 FY26), an SBI Research report said on Monday.The GDP growth for last fiscal (FY26) is likely to be at 7.5 per cent. Despite global headwinds, the Indian economy has maintained strong growth momentum. High-frequency activity data indicates resilient …
New Delhi, May 10 (IANS) As Pakistan prepares for the national budget for fiscal year 2026-27, business chambers and industry stakeholders are once again pushing for structural tax reforms, arguing that the country can no longer rely on short-term taxation measures and annual fiscal adjustments to revive economic growth and investor confidence, a report has said.Among the key voices is the Overseas Investors Chamber of Commerce and Industry (OICCI), which has submitted a fresh set of taxation pr…
Bhubaneswar, Feb 20 (IANS) Odisha Chief Minister Mohan Charan Majhi on Friday presented the annual state budget with an outlay of Rs 3.10 lakh crores for the 2026-27 fiscal with special focus on infrastructure, agriculture, tourism, and irrigation sectors. Majhi, who also holds the Finance portfolio, stated that the Annual Budget aims to accelerate the development of world-class infrastructure, empower youth through skill development initiatives, leverage Artificial Intelligence to enhance produ…