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…
Latest State Development Loans News & Updates
New Delhi, Jan 5 (IANS) Chief Minister Rekha Gupta on Monday signed an MoU with the Reserve Bank of India, enabling the Central Bank to function as the banker, debt manager and financial agent of the government of the NCT of Delhi, facilitating easy market borrowings through State Development Loans for infra projects. The MoU enables the Reserve Bank of India to function as the banker, debt manager, and financial agent of the government of the NCT of Delhi, facilitating market borrowings through…
New Delhi, Dec 25 (IANS) Apex business chamber CII on Thursday proposed a four-pronged fiscal strategy ahead of the Union Budget 2026-27 that includes debt stability, fiscal transparency, revenue mobilisation and expenditure efficiency.According to a CII statement, at the core of the roadmap is adherence to the government’s debt glide path targeting 50 per cent (plus or minus 1 per cent) of GDP by FY31. Maintaining Central debt at roughly 54.5 per cent of GDP and the fiscal deficit at 4.2 per …