India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
2 weeks ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, though tax receipts remained somewhat flat. During the April-November period, non-tax revenue stood at ₹4.27 trillion or 78.3% of the annual budget estimates, against ₹2.84 trillion in the corresponding period of the previous fiscal. Unprecedented dividend payout To be sure, the government’s tighter fiscal deficit target of 4.9% of GDP, outlined in July’s annual budget, is bolstered by an unprecedented dividend payout from RBI.

India Period Rbi Annual Target Trillion Deficit Fiscal Capex Rbe  847  lakh  indias  deficit  trillion  crore  target  capex  budget  period  annual  202425  dividend  fiscal  aprilnovember  fy25  hits

History of this topic

Budget 2025: From fiscal deficit to spending priorities, what to expect from Finance Minister Nirmala Sitharaman
Top News
22 hours, 24 minutes ago

Budget 2025: From fiscal deficit to spending priorities, what to expect from Finance Minister Nirmala Sitharaman

Live Mint  

Budget 2025: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY26 on February 1, 2025. FY25 Fiscal Deficit Target Goldman Sachs expects the government to meet the fiscal deficit target of 4.9% of GDP in FY25, led by receipts upwards of 0.2% of GDP and lower-than-budgeted capex, despite lower nominal GDP growth. Fiscal Consolidation in FY26 …

India’s net direct tax collection swells 16% to ₹16.90 trillion so far in FY25
Trending News
1 day, 16 hours ago

India’s net direct tax collection swells 16% to ₹16.90 trillion so far in FY25

Live Mint  

New Delhi: Strong growth in tax collection from both personal and corporate income helped the Central government to collect ₹16.9 trillion in direct tax revenue so far this financial year after adjusting for tax refunds, official data showed on Monday. The net direct tax collection growth of 15.9% so far this year exceeds the 12.8% growth rate that finance minister …

India’s fiscal deficit for FY26 expected at 4.4%-4.6% of GDP: Goldman Sachs
1 day, 17 hours ago

India’s fiscal deficit for FY26 expected at 4.4%-4.6% of GDP: Goldman Sachs

Live Mint  

New Delhi: India's fiscal deficit could come in at 4.4% to 4.6% of GDP in FY26, Goldman Sachs Economics Research said in a report on Monday. The central government's “fiscal impulse will remain a drag on growth in the next fiscal year”, said the report titled ‘Asia in Focus—Union Budget Preview: Policy Choices in a Cyclical Growth Slowdown’. "We continue …

Budget 2025 Expectations: Nifty 50 may rally to 24,000 in January-end; FMCG, infra, IT among sectors to watch
Trending News
1 day, 23 hours ago

Budget 2025 Expectations: Nifty 50 may rally to 24,000 in January-end; FMCG, infra, IT among sectors to watch

Live Mint  

Budget 2025 expectations: The nation is eagerly anticipating the Union Budget for FY 2026, set to be presented by Union Finance Minister Nirmala Sitharaman of Modi 3.0 on February 1, 2025, at 11:00 IST. In summary, my top picks for sectors to watch following the budget are FMCG and capital goods, given their potential for growth driven by increased government …

Fiscal consolidation set on cruise control
Trending News
2 days, 7 hours ago

Fiscal consolidation set on cruise control

Live Mint  

India may record a fiscal deficit for FY25 at 4.7-4.8% of GDP, below the budgeted estimate of 4.9%, marking yet another step towards fiscal consolidation. "On the revenue front, the Centre is likely to exceed budgeted targets for direct tax collections, which, along with the record RBI dividend, will further help in fiscal consolidation," the second person added. To be …

TNIE Shadow Budget: Time to focus on roti, kapda and makaan, Nirmala ji
Trending News
2 days, 7 hours ago

TNIE Shadow Budget: Time to focus on roti, kapda and makaan, Nirmala ji

New Indian Express  

Sood expects the government to underspend during the current year, given that budget had parked nearly 1.5 lakh croes under the department of economic affairs and telecommunication for a new scheme and equity for BSNL. For FY26, the capex is pegged at Rs 2.67 lakh crore, lower than Rs 2.72 lakh crore allocated during the July budget for FY25. Likewise, …

TNIE Shadow Budget: Time to focus on roti, kapda aur makaan, Nirmala ji
2 days, 7 hours ago

TNIE Shadow Budget: Time to focus on roti, kapda aur makaan, Nirmala ji

New Indian Express  

Sood expects the government to underspend during the current year, given that budget had parked nearly 1.5 lakh croes under the department of economic affairs and telecommunication for a new scheme and equity for BSNL. For FY26, the capex is pegged at Rs 2.67 lakh crore, lower than Rs 2.72 lakh crore allocated during the July budget for FY25. Likewise, …

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26
1 week ago

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26

Live Mint  

New Delhi: The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by upto 10%, two persons aware of the development said. Private investment BoT projects allow private sector bidders to take construction risk …

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26
1 week ago

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26

Live Mint  

New Delhi: The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by upto 10%, two persons aware of the development said. Private investment BoT projects allow private sector bidders to take construction risk …

India's GDP growth may hit 4-year low of 6.4% in FY25, shows government data
1 week, 1 day ago

India's GDP growth may hit 4-year low of 6.4% in FY25, shows government data

India Today  

India’s GDP growth is projected to slow sharply to 6.4% in FY25, down from 8.2% in FY24, according to the first advance estimates released by the National Statistics Office. "Real GDP has been estimated to grow by 6.4% in FY 2024-25 as compared to the growth rate of 8.2% in Provisional Estimate of GDP for FY 2023-24. Real GDP at …

Will the government be able to meet its capex target for FY25?
1 week, 1 day ago

Will the government be able to meet its capex target for FY25?

Live Mint  

A month ahead of the budget presentation, the union government is considering a plan to ease conditions states to obtain 50-year interest-free loans for capital expenditure in an effort to close in on its target for 2024-25. The union government's capex, which it has used to stimulate the economy since the covid-19 pandemic, has been lacklustre this year, having hit …

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target
2 weeks ago

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target

Deccan Chronicle  

New Delhi: Crossing the halfway mark in the first eight months of the year, India’s fiscal deficit stood at Rs 8.5 lakh crore or 52.5 percent of the Budget target. “Net tax receipts for the first eight months of the current financial year were at Rs 14.43 lakh crore, or 56 per cent of the annual target, compared with Rs …

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
2 weeks ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, …

India FY25 GDP: Indian economy poised to grow 6.6% in FY25 on revival in urban, rural demand: RBI Report
2 weeks, 1 day ago

India FY25 GDP: Indian economy poised to grow 6.6% in FY25 on revival in urban, rural demand: RBI Report

Live Mint  

India FY25 GDP: India's gross domestic product is projected to grow at 6.6 per cent in 2024-25, aided by a revival in rural consumption, a pickup in government consumption and investment, and strong services exports. RBI's economic review: Key metrics from December issue According to the RBI, the real GDP growth is expected to recover in Q3 and Q4 of …

India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank
2 weeks, 2 days ago

India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank

Hindustan Times  

India's Current Account Deficit is expected to remain at 1.1 per cent of the Gross Domestic Product in the financial year 2024-25, according to a report by ICICI Bank. In the fiscal year 2024–2025, India's Current Account Deficit is anticipated to stay at 1.1% of GDP, citing to ICICI Bank analysis The report highlighted significant changes in the country's external …

ICICI Bank forecasts 1.1% current account deficit for India in FY25 amid trade challenges
Trending News
2 weeks, 2 days ago

ICICI Bank forecasts 1.1% current account deficit for India in FY25 amid trade challenges

Live Mint  

ICICI Bank has forecasted that its expects India's Current Account Deficit to remain at 1.1 per cent of the GDP in FY25. According to ICICI Bank, “We expect CAD at 1.1 per cent of GDP in FY25.” Factors In Focus In November 2024, India's trade deficit reached a record high of $37.8 billion, primarily due to gold imports totaling $14.9 …

Interest payment burden continues to mount as Telangana government grapples to raise resources
2 weeks, 4 days ago

Interest payment burden continues to mount as Telangana government grapples to raise resources

The Hindu  

Interest burden on Telangana’s finances continue to mount with every passing month leaving the State government to face a challenging time in managing its finances in the coming days. The government has projected ₹17,729 crore towards interest payments during the current financial year in the budget estimates. But the quantum of interest paid is ₹17,080 crore till November-end with four …

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year
2 weeks, 6 days ago

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year

Deccan Chronicle  

New Delhi: India's economy is likely to grow by 6.5 per cent in the current and the next financial year, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. The economy continued to be negative even in October 2024 at 8.4 per cent, implying that in the first seven …

Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report
2 weeks, 6 days ago

Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report

Live Mint  

The central government will continue to focus on improving quality spending, strengthening the social security net and bringing down the fiscal deficit to 4.5 per cent of the gross domestic product in 2025-26. The gross tax revenue was estimated at about ₹38.40 lakh crore with an implied tax-GDP ratio of 11.8 per cent. With the above estimates of receipts and …

Indian Economy To Grow At 6.5 Per Cent In FY25 And FY26, Says EY Economy Watch
2 weeks, 6 days ago

Indian Economy To Grow At 6.5 Per Cent In FY25 And FY26, Says EY Economy Watch

ABP News  

The Indian economy is projected to grow at 6.5 per cent in the current and next fiscal year, an EY report revealed. The study showed that real GDP growth slowed down to reach a seven-quarter low of 5.4 per cent in the second quarter in the current 2024-25 fiscal year, in comparison to 6.7 per cent expansion rate clocked in …

Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report
Trending News
2 weeks, 6 days ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report

The Hindu  

The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5% of the GDP in FY26, a Finance Ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 and to attain a level of …

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report
3 weeks ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report

Live Mint  

New Delhi, Dec 25 The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5 per cent of the GDP in FY26, a finance ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 …

Union Budget 2025–26: Finance Ministry to Be Flexible in Fiscal Policy
3 weeks, 1 day ago

Union Budget 2025–26: Finance Ministry to Be Flexible in Fiscal Policy

Deccan Chronicle  

New Delhi: Ahead of the new Union Budget for 2025-26, the finance ministry has emphasised adopting a fair degree of flexibility in conducting its fiscal policy, but it also cautioned about the risk to growth, keeping in mind the prevailing uncertainty in the global economy. The government’s commitment to pursue the glide path of fiscal consolidation announced in the FY22 …

RBI flags concerns over state sops even as tax revenue grows, spending quality improves
3 weeks, 5 days ago

RBI flags concerns over state sops even as tax revenue grows, spending quality improves

Live Mint  

Mumbai: India’s banking regulator has flagged concerns about a slew of sops announced by several states, even as their tax revenue has grown faster than the economic growth rate after the pandemic year of FY21, and spending quality improved in favour of more productive asset creation. Even as capital expenditure is projected to increase this year, states are expected to …

RBI flags concerns over state sops even as tax revenue grows, spending quality improves
3 weeks, 5 days ago

RBI flags concerns over state sops even as tax revenue grows, spending quality improves

Live Mint  

Mumbai: India’s banking regulator has flagged concerns about a slew of sops announced by several states, even as their tax revenue has grown faster than the economic growth rate after the pandemic year of FY21, and spending quality improved in favour of more productive asset creation. Even as capital expenditure is projected to increase this year, states are expected to …

Indian economy to grow 6.6% in FY26: Ind-Ra
3 weeks, 6 days ago

Indian economy to grow 6.6% in FY26: Ind-Ra

The Hindu  

India Ratings and Research on Wednesday projected the Indian economy to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. While the June quarter GDP growth of FY25 was impacted by the combination of a strong …

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December
3 weeks, 6 days ago

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December

Live Mint  

The Centre’s direct tax collection from corporations and individuals after adjusting for tax refunds has reached ₹15.8 trillion so far this year, jumping 16.45% over the previous year and outpacing the budget estimate. While non-corporate tax collection from individuals and other entities like partnerships and local authorities, after adjusting for refunds, recorded a 22% jump so far this year to …

Maharashtra seeks ₹35,788 cr for unscheduled expenses, including Ladkin Bahin
4 weeks, 1 day ago

Maharashtra seeks ₹35,788 cr for unscheduled expenses, including Ladkin Bahin

Hindustan Times  

NAGPUR: The state government presented supplementary demands amounting to ₹35,788 crore on the first day of the winter session of the state legislature. Maharashtra Chief Minister Devendra Fadnavis Maharashtra’s budget is ₹6.69 lakh crore and the supplementary demands are an additional budget aimed at meeting unplanned expenditure. In July, the government tabled supplementary demands amounting to ₹94,889 crore, owing to …

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings
4 weeks, 2 days 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 …

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci
1 month ago

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci

Live Mint  

New Delhi: Businesses need to step up their research and development spending, and the industry expects the government to sustain the growth in budget allocation for capital expenditure as these two would help the Indian industry to become more competitive in global markets, Harsha Vardhan Agarwal, president of Federation of Indian Chambers of Commerce and Industry, and vice-chairman and managing …

Centre seeks Parliament nod for net extra spending over ₹44,100 crore
1 month ago

Centre seeks Parliament nod for net extra spending over ₹44,100 crore

Live Mint  

New Delhi: The finance ministry on Thursday sought Parliament's approval for net extra spending of ₹44,143 crore in the current financial year for administrative and subsidy requirements, showed the first supplementary demands for grants tabled in the House. The net additional spending of ₹44,143 crore is unlikely to have a big impact on the government’s fiscal deficit target of ₹16.1 …

‘Centre, state CPSE capex could decline in FY25’
1 month ago

‘Centre, state CPSE capex could decline in FY25’

Live Mint  

New Delhi: Capital expenditure by central infrastructure ministries, central public sector enterprises and state governments is expected to slow in FY25 after rising to a five-year high of 5.87% of GDP in FY24 due to reduced spending in the first two quarters, two people familiar with the matter said. "The Centre will continue its capital expenditure push in the upcoming …

India’s GDP growth shocker: Bad news can be good too
1 month, 1 week ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

Centre likely to miss ₹1.5 trillion capex loan target for states in FY25
1 month, 1 week ago

Centre likely to miss ₹1.5 trillion capex loan target for states in FY25

Live Mint  

The Centre is likely to fall short of fully utilizing the budgeted allocation for states under the ‘Special Assistance for Capital Investment’ scheme in 2024-25, as state spending took a hit during the general elections and a slowdown in economic growth, particularly in the first two quarters, two people aware of the matter told Mint. "While the capital expenditure at …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
1 month, 1 week ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint  

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

Capex slowdown helps govt cut deficit by 6.6 per cent in Apr-Oct
1 month, 2 weeks ago

Capex slowdown helps govt cut deficit by 6.6 per cent in Apr-Oct

New Indian Express  

NEW DELHI: The slowing down of capital expenditure has helped the central government keep its books in order with fiscal deficit contracting by 6.6% in the first seven months of the current financial year, according to the data released by the government. The fiscal deficit during the period was Rs 7.5 lakh crore, which is 46.5% of the budget target …

India’s Fiscal Deficit Widens to 46.5% in FY25 Amid Core Sector Growth
1 month, 2 weeks ago

India’s Fiscal Deficit Widens to 46.5% in FY25 Amid Core Sector Growth

Deccan Chronicle  

New Delhi: India's fiscal deficit widened to 46.5 percent of FY25 at Rs 7.51 lakh crore, which was higher than the previous year’s 45 percent for a similar period. While the country's eight core sectors' output surged by 3.1 per cent in October as compared to a growth of 2 per cent in September, two separate government data showed on …

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
1 month, 2 weeks ago

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex

Live Mint  

India’s fiscal deficit for the April-October period stood at ₹7.51 trillion, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. During the April-October period, while non-tax revenue stood at ₹3.99 trillion or 73.2% of the annual budget estimates, total revenue receipts stood at ₹17.23 trillion, or 53.7% of the estimates …

Centre Could Miss Capex Target by Rs 70k Crore in FY25
1 month, 2 weeks ago

Centre Could Miss Capex Target by Rs 70k Crore in FY25

Deccan Chronicle  

Chennai: The Centre could miss the gross capex target for FY25 by Rs 70,000 crore mainly due to lower spending in defence, roads and highways, and railways in the first half. As per the revised budget estimate for FY25, the central government has set a gross capex target of Rs 11.1 lakh crore. This is 15.4 per cent down from …

Centre eyes 95% of undershot capex target for FY25: Ajay Seth
1 month, 3 weeks ago

Centre eyes 95% of undershot capex target for FY25: Ajay Seth

Live Mint  

New Delhi: The government’s capital expenditure for FY2025 is projected to align closely with last year’s spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs said on Wednesday. Last year, we spent 95% of the allotted capex, and this year it is likely to be …

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
1 month, 3 weeks ago

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA

New Indian Express  

MUMBAI: Domestic rating agency ICRA on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. …

India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target
1 month, 3 weeks ago

India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target

Deccan Chronicle  

New Delhi: The government on Monday said that it would exceed the Rs 22 lakh crore direct tax collection target set for the current fiscal year. As per the latest data released by the tax department between April 1 and November 10, net direct tax collection has grown 15.41 per cent to Rs 12.11 lakh crore, including net corporate tax …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
2 months ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov
2 months ago

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov

Live Mint  

New Delhi: The union government’s direct-tax collection has grown by 15.41%, after tax refunds, to ₹12.1 trillion so far this financial year, the Central Board of Direct Taxes said on Monday. Securities transaction tax contributed ₹35,923 crore so far this financial year, 90% more than the ₹18,909 crore collected in the same period a year ago, CBDT data showed. So …

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

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year
2 months, 1 week ago

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year

Hindustan Times  

The UT administration has suffered a revenue loss of ₹240 crore in the first half of the 2024-25 fiscal, data from the Comptroller and Auditor General of India has revealed. The capital expenditure, which include funds designated for development projects and asset creation, have also been come down-- from ₹ 722 crore in 2023 to ₹ 655 crore in 2024. …

Capital spending of 13 major states to be below budget estimate in FY25 after sluggish start: Icra
2 months, 4 weeks ago

Capital spending of 13 major states to be below budget estimate in FY25 after sluggish start: Icra

Live Mint  

New Delhi: The combined capital spending of 13 major state governments in India is expected to grow by 13% to ₹6.5 trillion in FY25, below the budget estimate of ₹7.2 trillion, rating company Icra said on Wednesday. {{^adFree}} {{/adFree}} A sluggish start to capital expenditure and an expected shortfall in revenue due to elections during April-May are likely to have …

Fiscal deficit in April-August at 27% of full-year target: Govt data
3 months, 2 weeks ago

Fiscal deficit in April-August at 27% of full-year target: Govt data

The Hindu  

The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit - the gap between expenditure and revenue - was at ₹4,35,176 crore as of August-end, according to data released by the Controller General of Accounts. In the …

Govt plans survey of lagging private capex
3 months, 2 weeks ago

Govt plans survey of lagging private capex

Hindustan Times  

The statistics ministry is planning to conduct a survey of private-sector capital investment going into the economy, which has been lagging government capex but is critical for growth and jobs in Asia’s third-largest economy, a senior official has said. Private sector investment has grown at a slower pace, outstripped by government fixed capital formation, a measure of public spending on …

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