New Delhi, June 5 (IANS) Pakistan’s failure to carry out tax reforms has left its tax base narrowing over the years, resulting in shrinking revenues for the government to implement welfare schemes for the poor. As the country prepares for a new budget for FY27, there is little hope that things will improve, going by the past track record, according to local media reports.“Every budget over the past 10 years (and more) is pretty much the same with minor differences usually in the gimmickry be…
Latest FY27 Budget News & Updates
New Delhi, March 30 (IANS) India’s GDP growth is expected to moderate to 6.5 per cent in FY2027 because of elevated crude oil prices and concerns around energy availability, a report said on Monday.The report from ICRA said CPI inflation is expected to trend higher at 4.3 per cent in FY27, up from 2.1 per cent in FY26.The RBI Monetary Policy Committee is likely to keep policy rates on pause for an extended period even as growth moderates, it predicted.The Reserve Bank of India may continue to …
New Delhi, Feb 5 (IANS) India’s fiscal strategy has undergone a clear and deliberate shift over the past decade, with the expenditure mix increasingly oriented towards capital-led growth, according to a new report.Notably, the FY27 Budget reinforces this trajectory, reflecting the government’s conviction that durable growth, private investment crowding-in, and macroeconomic stability are best achieved through sustained public capital formation rather than short-term fiscal stimulus. As a res…