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India may cut borrowing if small saving inflows are high, official says India could look at cutting gross borrowing later in the financial year if inflows into national small saving schemes (NSSF) are high, Economic Affairs Secretary Ajay Seth told Reuters on Wednesday. NSSF consists of public investments in schemes like postal deposits, savings certificates, public provident fund and senior citizens' savings scheme, among others. The federal government has increased its reliance on borrowing from NSSF over the last few years to meet its funding require...
India may cut borrowing if small saving inflows are high, official says
India may cut borrowing if small saving inflows are high, official says
Source: Reuters
2024-07-24 02:52:51 pm
India's economy witnesses robust growth over past year despite challenging global scenario: India to World Bank India's Economic Affairs Secretary Ajay Seth to World Bank has said that despite a challenging global scenario, India's economy has shown robust growth over the past year backed by sustained consumption and investment demand. He said the gross domestic product (GDP) growth estimate for the fiscal 2023-24, which has been revised upwards from 7.3 per cent to 7.6 per cent in the second advance estimates, highlights the enduring strength and resilience of the Indian economy. India grew ab...
India's economy witnesses robust growth over past year despite challenging global scenario: India to World Bank
India's economy witnesses robust growth over past year despite challenging global scenario: India to World Bank
Source: Accord Fintech
2024-04-19 12:35:43 pm
Digital public infrastructure has led to savings of over $27 billion in government schemes: Economic Affairs Secretary Economic Affairs Secretary Ajay Seth has said that digital public infrastructure (DPI) has led to savings of over $27 billion in government schemes, and achieve greater financial inclusion in a short period. He noted that the use of direct benefit transfer (DBT) in the last one decade has ensured money reached to targeted beneficiaries and bogus accounts are weeded out. This has helped in huge savings of taxpayers' money.Sharing India's success story on the financial inclusion front, Seth sai...
Digital public infrastructure has led to savings of over $27 billion in government schemes: Economic Affairs Secretary
Digital public infrastructure has led to savings of over $27 billion in government schemes: Economic Affairs Secretary
Source: Accord Fintech
2023-09-25 12:41:01 pm
JPMorgan index inclusion shows confidence in Indian economy -India Economic Affairs secretary India's inclusion in the JPMorgan emerging market debt index shows their confidence in the Indian economy, the country's economic affairs secretary Ajay Seth told reporters on Friday.India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds, JPMorgan said earlier in the day.Inclusion will start on June 28, 2024, and extend over 10 months, with 1% increments on its index weighting, as...
JPMorgan index inclusion shows confidence in Indian economy -India Economic Affairs secretary
JPMorgan index inclusion shows confidence in Indian economy -India Economic Affairs secretary
Source: Reuters
2023-09-22 11:43:52 am
Total revenue from corporate, excise tax collections expected to be in line with budget estimates in FY24: Ajay Seth Financial services secretary Ajay Seth has said the total revenue from corporate and excise tax collections is expected to be in line with budget estimates for the current fiscal year (FY24). Corporate tax, which is the second largest component of direct taxes after personal income tax, as well as excise duty collections, declined by 10.4 per cent during the first four months of the ongoing fiscal.This comes against an over 14 per cent plunge in tax mop-up in the first quarter as against an o...
Total revenue from corporate, excise tax collections expected to be in line with budget estimates in FY24: Ajay Seth
Total revenue from corporate, excise tax collections expected to be in line with budget estimates in FY24: Ajay Seth
Source: Accord Fintech
2023-09-15 10:20:29am
India`s corporate tax collections seen in line with budget estimates - Government Official India's corporate tax collections must be looked at over a longer period of time and the full-year numbers are likely to be in line with budget estimates, the country's economic affairs secretary said on Thursday."We should not look at few months' data and try to find a long-term trend over there... my sense is that whatever numbers are there in terms of budget estimates and revenues, those will?be?realised," Ajay Seth told reporters.Corporate tax collections between April and July fell 10% t...
India`s corporate tax collections seen in line with budget estimates - Government Official
India`s corporate tax collections seen in line with budget estimates - Government Official
Source: Reuters
2023-09-14 05:34:39pm