Karnataka Economic Survey flags challenges in keeping fiscal deficit at a low
10 months ago

Karnataka Economic Survey flags challenges in keeping fiscal deficit at a low

New Indian Express  

BENAGALURU: The Karnataka Economic Survey 2023-24 released on Friday cautioned against the trend of increase in government expenditure and decline in revenue collection. However, with the increasing government expenditure and declining government revenues, keeping the fiscal deficit at a low is challenging,” the survey stated. In the survey, it is stated that in 2023-24, budget programmes have been formulated for the overall development of the state by achieving higher economic development and maintaining fiscal discipline. “If the trend of increase in non-development and government expenditure prevails, it may result in the fiscal deficit going up.

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India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings
1 week ago

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings

Live Mint  

New Delhi, December 16 : The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by CareEdge Ratings. It said "Overall, we project the fiscal deficit at 4.8 per cent of GDP, marginally lower than the budgeted 4.9 per …

TN's contribution to Indian economy better, GSDP up by 14 per cent: CAG
1 week, 5 days ago

TN's contribution to Indian economy better, GSDP up by 14 per cent: CAG

Deccan Chronicle  

With its per capita income far exceeding the national average, Tamil Nadu was faring better in its contribution to national economy and the state's industries and services sectors played a pivotal role in increasing the Gross State Domestic Product by 14 per cent in 2022-2023 amounting to Rs 23,64,514 crore, Principal Accountant General, Tamil Nadu, D Jaishankar said on Tuesday.As …

Andhra achieves 10.44% growth in GSDP in 2023-24, shows economic survey report
1 month ago

Andhra achieves 10.44% growth in GSDP in 2023-24, shows economic survey report

Hindustan Times  

Andhra Pradesh has registered a growth rate of 10.44% in the gross state domestic product during the financial year 2023-24 but it was 3% less than the growth rate recorded in the previous financial year 2022-23, a report of the socio-economic survey tabled in the state assembly on Monday, said. The growth rate in the GSDP during 2023-24 was 13.5% …

How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence
1 month, 1 week ago

How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence

India Today  

The Chandrababu Naidu-led National Democratic Alliance government in Andhra Pradesh, which assumed office in the second quarter of 2024-25, has presented a Rs 2.94 lakh crore budget, reducing the extraordinary emphasis on welfare schemes and sops by the earlier Yuvajana Sramika Rythu Congress Party regime of Y.S. His government targeted the previous YSRCP regime for “destroying the financial conditions of …

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
1 month, 1 week ago

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget

Hindustan Times  

The Telugu Desam Party-led National Democratic Alliance government in Andhra Pradesh on Monday presented its first full-fledged budget of ₹2,94,427 crore for 2024-25, five months after coming to power. Finance minister Payyavula Kesav told the state legislative assembly that the budget included revenue expenditure of ₹2,35,916 crore and capital expenditure of ₹32,712 crore. The NDA government under chief minister N …

Karnataka's Economic Growth Soars, Outperforming National Average
2 months ago

Karnataka's Economic Growth Soars, Outperforming National Average

Hindustan Times  

Karnataka registers a 10.2% GSDP growth in 2023-24, significantly surpassing the national average of 8.2 per cent. Despite challenges like drought and global IT slowdown, the state's agriculture sector faced negative growth, while its dependence on the IT and hardware sectors made it vulnerable to global economic downturns.

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn
2 months ago

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn

The Hindu  

Karnataka's economy outperformed the national average with a GSDP growth of 10.2% in FY 2023-24, despite global economic challenges. The State's agriculture sector faced negative growth due to drought conditions, while its IT and hardware sectors were vulnerable to global recessionary fears. However, strategic governance and diversified growth drivers have ensured resilience. The State's per capita GSDP remains among the …

In the red: Why Karnataka's finances should worry the government
4 months, 4 weeks ago

In the red: Why Karnataka's finances should worry the government

India Today  

Karnataka Chief Minister Siddaramaiah announced on July 23 his non-participation in the NITI Aayog Governing Council meeting to be chaired by Prime Minister Narendra Modi in Delhi on July 27. Against a national GDP growth rate of 7.3 per cent, Karnataka is set to register a growth of 6.6 per cent. Karnataka’s gross fiscal deficit was 2.14 per cent in …

Forward-looking policies helped Karnataka to excel in economic growth: CM
5 months, 1 week ago

Forward-looking policies helped Karnataka to excel in economic growth: CM

The Hindu  

Forward-looking policies have helped Karnataka clock a GSDP growth rate of 14.2% in fiscal 2024 even as the State, being the fourth largest industrial player, contributes around 8.2% to the country’s GDP, said Chief Minister Siddaramaiah here on Friday. It is due to the forward-looking policies that Karnataka has clocked a GSDP growth rate of 14.2% in FY23,’‘ the Chief …

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P
5 months, 2 weeks ago

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P

The Hindu  

A sovereign rating upgrade for India in the next 24 months is possible if the central government is able to prudently manage its finances and bring down fiscal deficit to 4% of GDP, an S&P Global Ratings official said on July 3. S&P Global Ratings Director, Sovereign Ratings, YeeFarn Phua, said the trigger for upgrade would be general government deficit …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Lok Sabha Election Results: Moody's predict slow fiscal reforms as India returns toward coalition government
6 months, 2 weeks ago

Lok Sabha Election Results: Moody's predict slow fiscal reforms as India returns toward coalition government

India TV News  

Moody’s Ratings on Wednesday suggested that the slim majority won by the BJP-led National Democratic Alliance's in Lok Sabha will likely delay far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation. However, it added "However, the NDA's relatively slim margin of victory, as well as the BJP's loss of its outright majority in parliament, may delay more …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months ago

Capital expenditure revised downwards for 2023-24 - The Hindu

The Hindu  

Tamil Nadu budget has revised the capital expenditure downwards to ₹42,532 crore in revised estimates for 2023-24 from ₹44,366 crore in the budget estimates. The capital expenditure goes towards creation of fixed assets such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. For 2024-25, the State has estimated its capital expenditure to …

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget
10 months, 1 week ago

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget

Deccan Chronicle  

Bengaluru: Chief Minister Siddaramaiah pointed out that Central Government led by Bharatiya Janata Party had meted out three injustices to States including Karnataka such as “unscientific” implementation of Goods and Services Tax, increase in Cesses and Surcharges and change in allocation of formula in tax devolution and grants-in-aid, adversely affected the financial strength of the State. Siddaramaiah accused the previous …

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit
10 months, 1 week ago

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit

The Hindu  

The total outlay of the Karnataka State budget for 2024-25 is pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. Karnataka Budget 2024-25: LIVE coverage While the Chief Minister has not increased any taxes, he has presented a revenue deficit budget with the net borrowings crossing ₹1 lakh crore, perhaps for the first time in …

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes
10 months, 1 week ago

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes

The Hindu  

February 16, 2024 09:37 am | Updated 03:12 pm IST Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented a revenue-deficit Karnataka Budget for 2024-25 on February 16 with a total outlay pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. With the deficit pegged at ₹27,354 crore, this is also perhaps the first …

Bihar Budget: Govt. presents ₹2.79 lakh crore budget, growth rate ‘highest’ in country at over 10%
10 months, 1 week ago

Bihar Budget: Govt. presents ₹2.79 lakh crore budget, growth rate ‘highest’ in country at over 10%

The Hindu  

Amid pandemonium by Opposition legislators, Bihar Deputy Chief Minister Samrat Choudhary, who is also the Finance Minister, on Tuesday presented the ₹2.79 lakh crore Budget in the State Assembly days after the JD-BJP formed the government. Presenting the Budget, Mr. Choudhary said the current financial year 2023-24 saw 2.5 crore people rising above the poverty line in the State. “The …

‘Is Finance Commission merely facade under BJP’: Karnataka CM Siddaramaiah
10 months, 2 weeks ago

‘Is Finance Commission merely facade under BJP’: Karnataka CM Siddaramaiah

Hindustan Times  

Karnataka Chief Minister Siddaramaiah has hit out at the Central government over the release of funds for the state, saying that the dwindling grants-in-aid and the glaring absence of budgeted funds raise the question of whether the autonomy of the Finance Commission is merely a 'facade' under the BJP. Siddaramaiah further said that under the 14th Finance Commission, Karnataka received …

Budget 2024: It’s tax buoyancy that shrank the deficit
10 months, 3 weeks ago

Budget 2024: It’s tax buoyancy that shrank the deficit

Live Mint  

A quick glance at the fiscal arithmetic reveals that there is no severe fiscal austerity proposed in the budget. Given nominal GDP growth of 10.5% and aggregate tax revenue growth of 11.5%, the government has met its fiscal deficit target through tax buoyancy, and not through severe public expenditure reduction. As against a 2023-24 Budget Estimate of ₹61,000 crore, the …

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3
10 months, 3 weeks ago

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3

The Hindu  

The sluggish pace of growth in the revenue receipts in Telanganacontinued at the end of the third quarter of the current financial year with overallrevenue receipts pegged at ₹1.25 lakh crore, 57% of the ₹2.16 lakh crore projected in the budget estimates. Tax revenue has shown some improvement since the past few months reaching ₹99,693 crore, 65.37 % at the …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Kerala’s public debt comes down to ₹2.38 lakh crore
10 months, 3 weeks ago

Kerala’s public debt comes down to ₹2.38 lakh crore

The Hindu  

Amid the financial strains that put the Kerala government in a fix making it difficult for it to meet its fiscal obligations efficiently, a document tabled by Finance Minister K.N. Balagopal in the Assembly on Tuesday revealed that the State’s public debt has come down to ₹2.38 lakh crore at the end of March 2022-2023. As per the accounts of …

Promises to keep, miles to go: Can Karnataka’s new government think out of the box?
1 year, 6 months ago

Promises to keep, miles to go: Can Karnataka’s new government think out of the box?

The Hindu  

Published : Jun 02, 2023 16:22 IST - 13 MINS READ One question being discussed intensely since the Congress’ sweeping win in the Karnataka Assembly election is whether the State’s finances will be capable of shouldering the burden of welfare measures promised in the party manifesto. This is expected to continue; even the Centre’s Economic Survey had said that Karnataka …

Karnataka’s new, yet daunting, journey to development
1 year, 7 months ago

Karnataka’s new, yet daunting, journey to development

The Hindu  

As the dust settles in Karnataka over what was seen by many as a foregone conclusion, it is now time to get down to the business of governance. A trillion-dollar economy goal Karnataka aspires to become a trillion-dollar economy by 2032 and needs a 17%-18% Compound Annual Growth Rate in its Gross State Domestic Product to make this happen over …

Measures to make T.N. revenue-neutral to be keenly watched
1 year, 9 months ago

Measures to make T.N. revenue-neutral to be keenly watched

The Hindu  

Apart from the anticipation of an announcement on the monthly honorarium of ₹1,000 for women family heads, measures to achieve the goal of making the State revenue-neutral in three years would be keenly watched in the Tamil Nadu Budget for 2023-24 to be presented by Finance Minister Palanivel Thiaga Rajan on Monday. As per the provisional figures of the Comptroller …

Kakani dismisses TD’s criticism, justifies AP’s GSDP growth rate
1 year, 9 months ago

Kakani dismisses TD’s criticism, justifies AP’s GSDP growth rate

Deccan Chronicle  

VIJAYAWADA: Agriculture minister Kakani Govardhan has reiterated the state government’s claim that AP recorded a gross state domestic product growth rate of 16.22 per cent in 2022-23. YSRC MLC Varudu Kalyani lauded Chief Minister Jagan Mohan Reddy for fulfilling 98.5 per cent of his poll promises and wished that he should become the permanent CM for Andhra Pradesh. The legislator …

Andhra Pradesh logs GSDP growth at 16.22% in 2022-23
1 year, 9 months ago

Andhra Pradesh logs GSDP growth at 16.22% in 2022-23

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh has logged the growth of its gross state domestic product at 16.22 per cent for 2022-23, a rise over the previous fiscal and signifying faster economic growth. Gross value-added growth rate at current prices for agriculture and allied sectors was registered at 13.18 per cent -- with agriculture showing 20.72, horticulture 12.58, livestock 7.32 and fisheries 19.41 …

Maha Expected to See 6.8% Growth: Economic Survey 2022-23
1 year, 9 months ago

Maha Expected to See 6.8% Growth: Economic Survey 2022-23

News 18  

Maharashtra deputy chief minister and finance minister Devendra Fadnavis tabled the Economic Survey 2022-23 on Wednesday, which indicated that the state’s economy is expected to have grown by 6.8% against the national growth of 7%. As per the Economic Survey, the fiscal deficit of the Maharashtra government is expected to be at 2.5% for 2022-23. At the national level, the …

Karnataka Budget Unveiled with Rs 1,000 Cr for Mutts & Temples, Fee Benefit in Govt Colleges
1 year, 10 months ago

Karnataka Budget Unveiled with Rs 1,000 Cr for Mutts & Temples, Fee Benefit in Govt Colleges

News 18  

Karnataka Chief Minister Basavaraj Bommai’s please-all, pre-poll budget is targeted at pushing the Hindutva agenda of the BJP by announcing that the state government will build a “majestic” Ram Temple like the one in Ayodhya and reclaim Brand Bangalore. The Bommai government presented a “revenue-surplus” budget with no tax hikes, breaking the trend of revenue-deficit budgets for the past two …

15.6% growth in Telangana state GSDP
1 year, 10 months ago

15.6% growth in Telangana state GSDP

Deccan Chronicle  

Hyderabad: The GSDP of Telangana state for 2022-23 at current prices increased to Rs 13.27 lakh crore, a growth of 15.6 per cent from 2021-22, according to the Telangana Socio Economic Outlook 2023, tabled by the state government in Legislative Assembly on 06-02-2023. In 2018-21, Telangana recorded the highest SOTR growth rate amongst the GS at AAGR of 4.78 per …

Explained | Is the government on track on fiscal deficit targets?
1 year, 10 months ago

Explained | Is the government on track on fiscal deficit targets?

The Hindu  

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit to 5.9% of gross domestic product in FY24, compared with 6.4% in FY23. In Union Budget 2023-24, the fiscal deficit to GDP is pegged at 5.9% in FY24. The primary deficit, which …

State economy clocked 12.01% growth in 2021-22: Economic Review
1 year, 10 months ago

State economy clocked 12.01% growth in 2021-22: Economic Review

The Hindu  

The State economy posted a ‘‘strong recovery’‘ in 2021-22 with the Gross State Domestic product clocking a 12.01% growth at constant prices, the Economic Review 2022 published on Thursday said. The annual growth rate of public debt decreased from 14.34% to 10.16%, and the public debt-GSDP ratio from 25.90% to 24.26% in 2021-22 compared to the previous fiscal. State’s own …

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman
1 year, 10 months ago

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman

The Hindu  

Fiscal deficit would be brought down to below 4.5% by 2025-26, Finance Minister Nirmala Sitharaman said on February 1. She also said that tax receipts for the next fiscal are budgeted at ₹23.3 lakh crore and States would be allowed 3.5% of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is …

India will face especially complex policy challenges next fiscal year
1 year, 11 months ago

India will face especially complex policy challenges next fiscal year

Live Mint  

The Indian economy has come out of the pandemic in far better shape than most other large economies as well as some of our neighbours. High nominal GDP growth over the past two years helped the government improve tax collections, and thus meet its deficit targets despite higher subsidies. It also meant that nominal growth was much higher than borrowing …

Fiscal deficit touches 32.6% of annual target till August this fiscal: official data
2 years, 2 months ago

Fiscal deficit touches 32.6% of annual target till August this fiscal: official data

The Hindu  

The Central government's fiscal deficit touched 32.6% of the annual target in the current financial year till August as against 31.1% recorded a year earlier, according to official data released on Friday. In actual terms, the fiscal deficit — the difference between expenditure and revenue — was ₹5,41,601 crore during the April-August period of this financial year. As per the …

Fiscal deficit touches 20.5% of annual target in April-July: official data
2 years, 3 months ago

Fiscal deficit touches 20.5% of annual target in April-July: official data

The Hindu  

The Central Government's fiscal deficit touched 20.5% of the annual target at the end of July 2022-23 against 21.3% a year ago, reflecting improvement in public finance, as per official data released on Wednesday. As per the data released by the Controller General of Accounts, the government's receipts, including taxes, stood at ₹7.85 lakh crore or 34.4% of the Budget …

Explained | Kerala’s mounting public debt
2 years, 4 months ago

Explained | Kerala’s mounting public debt

The Hindu  

The story so far: Over the past few months, Kerala’s mounting debt liabilities have been brought into sharp focus with the Reserve Bank of India, the Comptroller and Auditor General, and the opposition Congress-led United Democratic Front flagging the issue. Kerala Infrastructure Investment Fund Board A body corporate constituted by the Government of Kerala to mobilise financial resources outside of …

Economy Might See Slowing Growth But Still Better Than Other Emerging Economies: FinMin
2 years, 6 months ago

Economy Might See Slowing Growth But Still Better Than Other Emerging Economies: FinMin

News 18  

As various international agencies have projected slowing of global economic growth due to rising commodity prices, supply chain bottlenecks and faster than the projected withdrawal of monetary accommodation, India’s economy is also expected to witness slowing growth, though still higher than the other emerging market economies, said a finance ministry report released on Monday. “High-wire balancing act between maintaining growth …

ADB pegs 2022-23 GDP growth at 7.5%
2 years, 8 months ago

ADB pegs 2022-23 GDP growth at 7.5%

The Hindu  

The Asian Development Bank forecasts India’s GDP growth to moderate to 7.5% in 2022-23 from an estimated 8.9% in 2021-22, but will pick up to reach 8% in 2023-2024. Food prices In its Asian Development Outlook report released on Wednesday the bank stated that food prices were expected to rise in tandem with increasing commodity prices Higher public capital spending …

Tamil Nadu bats for fiscal consolidation in Budget, keeps populism at bay
2 years, 9 months ago

Tamil Nadu bats for fiscal consolidation in Budget, keeps populism at bay

The Hindu  

Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Friday presented the State Budget for 2022-23, which focused on fiscal consolidation path, sans any populist measures. In his Budget speech, Mr. Thiaga Rajan said the ruling DMK’s major poll promise of giving ₹1,000 a month to the woman head of the family would be implemented once the financial position improved. GSDP …

TN Budget: Fiscal deficit falls to 3.80% from 4.61%, revenue deficit too declines
2 years, 9 months ago

TN Budget: Fiscal deficit falls to 3.80% from 4.61%, revenue deficit too declines

The Hindu  

Tamil Nadu’s fiscal deficit for 2021-22 is poised to see a significant reduction from 4.61% down to 3.80% and the State will see a reduction in the absolute level of the revenue deficit by over ₹7,000 crore, “reversing an alarming trend of increasing deficits every year since 2014,” Finance Minister Palanivel Thiaga Rajan said in the Assembly on Friday. Presenting …

State all set to present a jumbo budget
2 years, 9 months ago

State all set to present a jumbo budget

Deccan Chronicle  

Hyderabad: With higher growth rate, higher per capita income, decent increase in state’s own tax revenues and lowest debt burden when compared to other bigger states, the Telangana government is expected to go for a 'jumbo budget' again for 2022-23 on March 7. According to Telangana state statistical abstract report released last week, the provisional estimates show the GSDP of …

Budget 2022: India set for modest fiscal consolidation amid slow economic recovery
2 years, 11 months ago

Budget 2022: India set for modest fiscal consolidation amid slow economic recovery

Firstpost  

The government is expected to lower its fiscal deficit target modestly in the next financial year given the pressure its revenue sources may face and the imperative of providing a boost to the rural economy ahead of elections in five states After Budget 2020 was blown apart in a couple of months by the onset of the coronavirus pandemic, Finance …

Why Tamil Nadu is staring at an economic crisis
3 years, 4 months ago

Why Tamil Nadu is staring at an economic crisis

India Today  

To say that Tamil Nadu’s fiscal situation is dire is just exposing the tip of the iceberg that Palanivel Thiaga Rajan, investment banker turned finance and human resources minister, unveiled in his white paper on August 9. The public debt is Rs 263,976 per family in Tamil Nadu, PTR emphasised, explaining why the state can’t delay recasting its financial planning …

India's fiscal deficit in 2020-21 lower than expected
3 years, 6 months ago

India's fiscal deficit in 2020-21 lower than expected

The Hindu  

India recorded a fiscal deficit of 9.3% of GDP in 2020-21, 0.2% lower than the revised estimate of 9.5% of GDP, according to the Controller General of Accounts. Total revenue receipts turned out to be about ₹88,000 crore higher than estimated, driven largely by higher excise and customs collections, while total expenditure was ₹61,000 crore more than the revised estimate. …

Economy in better shape this year as compared to 2020, says Revenue Secretary
3 years, 6 months ago

Economy in better shape this year as compared to 2020, says Revenue Secretary

India TV News  

Revenue Secretary Tarun Bajaj on Friday said the economy has not suffered as much this year amid the second wave of COVID-19 as compared to last year when there was complete lockdown. He further said if Rs 1.10 lakh crore gets collected every month on average through the Goods and Services Tax, then the states' GST revenue deficit would be …

Slower Consolidation to Constrain India's Fiscal Strength Over Medium Term: Moody's
3 years, 10 months ago

Slower Consolidation to Constrain India's Fiscal Strength Over Medium Term: Moody's

News 18  

Rating agency Moody’s on Wednesday India’s fiscal deficit projections are higher than expected and slower consolidation will constrain its fiscal strength over the medium term. The US-based agency said it expects India’s nominal GDP growth to rise to closer to 17 per cent in fiscal 2021, higher than 14.4 per cent projected in the Budget. The budget’s focus on higher …

Economic Survey Upshot: Govt Revises Growth Rate for 2019-20 Downwards to 4 Per Cent
3 years, 10 months ago

Economic Survey Upshot: Govt Revises Growth Rate for 2019-20 Downwards to 4 Per Cent

News 18  

The government on Friday revised downwards the economic growth rate for 2019-20 to 4 per cent from 4.2 per cent estimated earlier. “Real GDP or GDP at constant prices for the years 2019-20 and 2018-19 stands at Rs 145.69 lakh crore and Rs 140.03 lakh crore, respectively, showing a growth of 4.0 per cent during 2019-20 and 6.5 per cent …

Telangana\'s GSDP at Rs 6.63 lakh crore in FY\' 20: Report
4 years, 1 month ago

Telangana\'s GSDP at Rs 6.63 lakh crore in FY\' 20: Report

Deccan Chronicle  

Telangana's real gross state domestic product has grown to Rs 6.63 trillion in 2019-20 from Rs 4.16 trillion in 2014, according to a report by Knight Frank India. This resulted in a compounded annual growth rate of 8.08 per cent, said the report. Telangana IT/ITeS exports contributed a revenue of Rs 1.25 lakh crore during the last fiscal with 18 …

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