News

India`s fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep India’s fiscal deficit for the April-September period stood at Rs 4.75 lakh crore, or about 29.4 per cent of the estimate, for the current fiscal (FY25), government data showed on Wednesday.  According to the data, net tax receipts for the first six months of the current financial year were Rs 12.65 lakh crore, or 49 per cent of the annual target, compared with Rs 11.6 lakh crore for the same period last year. The gap between expenditure and revenue during the first six month...
India`s fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep
India`s fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep
Source: IANS
2024-10-31 09:24:57 am
Key state government`s capex to rise by 13 pc to Rs 6.5 lakh crore in FY25 The capex of key state governments is projected to rise by 13 per cent in the current fiscal (FY25) to Rs 6.5 lakh crore, according to a report on Wednesday.  However, compared to the FY25 budget estimate (BE) of Rs 7.2 lakh crore, the latest projection falls short following a dull start to the capex in the initial months of this fiscal as well as the anticipated undershooting in states’ revenues, according to credit agency ICRA. The agency has projected the combined capital ...
Key state government`s capex to rise by 13 pc to Rs 6.5 lakh crore in FY25
Key state government`s capex to rise by 13 pc to Rs 6.5 lakh crore in FY25
Source: IANS
2024-10-16 01:50:33 pm
India's fiscal deficit for April-July stands at 17.2 pc of full-year target The Central government's fiscal deficit in the first four months (April-July) of the current financial year stands at Rs 2.77 lakh crore which works out to 17.2 per cent of the full-year target and is lower than the corresponding figure of 33.9 per cent in the same period last year, according to official data released on Friday.   The data showed that net tax receipts for the period stood at Rs 7.15 lakh crore, or 27.7 per cent of the annual target, which is higher compared with R...
India's fiscal deficit for April-July stands at 17.2 pc of full-year target
India's fiscal deficit for April-July stands at 17.2 pc of full-year target
Source: IANS
2024-08-31 09:06:22 am
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts Inflation in the food articles is expected to rationalise by September/October as many of the Kharif crops will be entering the mandis supplementing the existing supply, industry experts said on Monday.  The annual rate of inflation based on the all-India Wholesale Price Index (WPI) number edged up to 3.36 per cent in June compared to the same month of the previous year, according to data from the Commerce Ministry. “Supported by negative inflation in the non-food articles (-...
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts
Source: IANS
2024-07-15 02:09:01 pm
Food prices set to cool off in coming months as monsoon progresses: Experts The food prices are projected to cool off in the coming months and the inflation trajectory to soften and stabilise between 4 and 4.5 per cent, industry experts have said.  India’s consumer price inflation (CPI) edged up to 5.08 per cent in June this year compared to the same period last year. According to industry experts, although June rains were deficient, it is not a major concern because July and August rains are what matter for Kharif. “We expect the progress o...
Food prices set to cool off in coming months as monsoon progresses: Experts
Food prices set to cool off in coming months as monsoon progresses: Experts
Source: IANS
2024-07-13 10:29:48 am
8.2 per cent GDP growth to boost business sentiments, create roadmap for Viksit Bharat: Experts Industry experts on Friday hailed the 8.2 per cent GDP growth estimate for the full financial year 2023-24 calling it significant as it would boost business sentiments and create a roadmap for 'Viksit Bharat' by 2047.  The Indian economy clocked a robust GDP growth of 7.8 per cent in the January-March quarter while for the full financial year 2023-24, the growth rate works out to a stellar 8.2 per cent -- up from 7 per cent in FY 2022-23. "The GDP estimates have come i...
8.2 per cent GDP growth to boost business sentiments, create roadmap for Viksit Bharat: Experts
8.2 per cent GDP growth to boost business sentiments, create roadmap for Viksit Bharat: Experts
Source: IANS
2024-06-01 09:16:52 am
India`s GDP growth to moderate to four quarter low of 6.7% in Q4FY24: ICRA Domestic rating agency ICRA has projected India's GDP growth to moderate to a four quarter low of 6.7 per cent in March quarter of 2023-24 fiscal. For the full 2023-24 fiscal (Q4FY24), it estimates GDP growth to come in at 7.8 per cent. The Indian economy grew 8.2 per cent in the June quarter, 8.1 per cent in the September quarter and 8.4 per cent in the December quarter of 2023-24. The GDP numbers for the fourth quarter (January-March 2024) and the provisional estimates for the 2023-2...
India`s GDP growth to moderate to four quarter low of 6.7% in Q4FY24: ICRA
India`s GDP growth to moderate to four quarter low of 6.7% in Q4FY24: ICRA
Source: Accord Fintech
2024-05-22 10:44:05 am
India`s goods exports post 1.07 pc growth in April despite global uncertainties India’s goods exports rose 1.07 per cent to hit almost $35 billion in April despite the uncertainties in the global market due to the economic slowdown and geopolitical tensions, according to figures released by the Union Commerce Ministry on Wednesday. However, imports jumped by as much as 10.25 per cent during the month to $54.1 billion, largely due to an increase in gold purchases As a result, the merchandise trade deficit for the month was 32.3 per cent higher than a year ago,...
India`s goods exports post 1.07 pc growth in April despite global uncertainties
India`s goods exports post 1.07 pc growth in April despite global uncertainties
Source: IANS
2024-05-16 09:46:02 am
Food inflation may remain cause for concern owing to heatwave: ICRA`s Aditi Nayar ICRA Chief Economist Aditi Nayar has said the wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities. Although the impact of high base of last year will play out in July and August, the impact of monsoon will determine the price conditions in the subsequent months. The wholesale price index (WPI)-based food inflation was at a four-month high of 7.74 per cent in April....
Food inflation may remain cause for concern owing to heatwave: ICRA`s Aditi Nayar
Food inflation may remain cause for concern owing to heatwave: ICRA`s Aditi Nayar
Source: Accord Fintech
2024-05-15 10:53:45 am
Industry watchers hail continuous easing in CPI inflation Strong growth prospects, along with a timely onset and "well distribution" of the monsoon season, would be crucial to help control food inflation in coming months, industry experts said on Monday, as India’s consumer price inflation (CPI) eased to an 11-month low of 4.83 per cent in April. Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, appreciated the continuous softening of CPI inflation. “In the recent months, inflation has come down significan...
Industry watchers hail continuous easing in CPI inflation
Industry watchers hail continuous easing in CPI inflation
Source: IANS
2024-05-14 10:59:10 am
Surge in GST collections across states paves way for stable growth ahead The surge in GST collections which have crossed the Rs 2 lakh crore mark for 2023-24 reflects the strength of the Indian economy across sectors and regions of the country and augurs well for keeping the fiscal deficit in check going ahead. Large states across the country have also registered a double-digit growth in tax collections during March which shows the depth of the Indian economy. Karnataka has clocked the highest growth rate of 26 per cent in GST collections while Maharashtra h...
Surge in GST collections across states paves way for stable growth ahead
Surge in GST collections across states paves way for stable growth ahead
Source: IANS
2024-04-02 02:05:13 pm
India`s retail inflation eases to 4-month low of 5.09 per cent in January India'’s retail inflation slowed to a four-month low of 5.09 per cent in February bringing some relief to household budgets, official figures released on Tuesday showed. The retail Inflation in January was a tad higher at 5.1 per cent. There was a sharp decline in cooking oil prices during February which came down by as much as 11.67 per cent. The price rise in spices slowed to 13.51 per cent compared to 16.36 per cent in January. However, the data show that vegetable price...
India`s retail inflation eases to 4-month low of 5.09 per cent in January
India`s retail inflation eases to 4-month low of 5.09 per cent in January
Source: IANS
2024-03-13 09:13:20 am
India`s December industrial output up 3.8% on year India's industrial output rose at a faster-than-expected pace of 3.8% year-on-year in December, government data showed on Monday, on the back of a pick up in manufacturing activity. For December, economists polled by Reuters had estimated growth of 2.4%. In November, too, it rose 2.4%. Manufacturing output in December rose 3.9% year-on-year, against 3.6% in the same month in the previous year. "Consumer goods - both durable and non-durable - have registered positive growth r...
India`s December industrial output up 3.8% on year
India`s December industrial output up 3.8% on year
Source: Reuters
2024-02-13 09:48:58 am
India`s lower fiscal deficit target a `surprise`- ICRA`s Aditi Nayar A lower-than-expected fiscal deficit target in India's budget came as a surprise, even as it was expected to be fiscal-centric, the chief economist of credit rating agency ICRA told Reuters on Friday. "We had expected fiscal deficit at 5.3% of gross domestic product (GDP)," Aditi Nayar, also the head of research and outreach at Gurugram-based ICRA, told the Reuters Trading India Forum. The government aims to reduce its fiscal deficit to 5.1% of GDP, down from a revised 5.8...
India`s lower fiscal deficit target a `surprise`- ICRA`s Aditi Nayar
India`s lower fiscal deficit target a `surprise`- ICRA`s Aditi Nayar
Source: Reuters
2024-02-02 02:17:14 pm
India likely to surpass FY24 target for state-run firms` dividends by at least $1.4 billion The Indian government will likely exceed its fiscal year target for dividends from state-run companies by at least 120 billion rupees ($1.4 billion), partly offsetting an expected shortfall from share sales, a government source aware of the matter said on Thursday. The dividend receipts could range from 550 billion rupees to as much as 600 billion rupees, the source said, potentially topping not only the government's target of 430 billion rupees for the April-March fiscal year but also...
India likely to surpass FY24 target for state-run firms` dividends by at least $1.4 billion
India likely to surpass FY24 target for state-run firms` dividends by at least $1.4 billion
Source: Reuters
2024-01-04 02:26:33 pm
India`s current account deficit jumps 7-fold in April-June quarter  India's current account deficit (CAD) jumped 7-fold to $9.2 billion in the April-June quarter compared to the corresponding figure of $1,3 billion in the preceding quarter, according to Reserve Bank of India (RBI) data released on Thursday."The widening of CAD on a quarter-on-quarter basis was primarily on account of a higher trade deficit coupled with a lower surplus in net services and decline in private transfer receipts," the RBI said."Net services receipts decreased sequentially, p...
India`s current account deficit jumps 7-fold in April-June quarter
India`s current account deficit jumps 7-fold in April-June quarter
Source: IANS
2023-09-28 04:20:26 pm