Fiscal Deficit News - Latest Updates & Headlines
RBI's rate-cut cycle may extend if growth weakens: ANZ Group
New Delhi, April 1: The Reserve Bank of India (RBI) could extend its rate-cut cycle beyond August 2025 if economic growth weakens, according to a report by ANZ Group.
Govt of India nets Rs 25.46 lakh crore, spends Rs 38.93 lakh crore in FY24-25 up to Feb: Reports
New Delhi, March 28: The Government of India's monthly account up to February 2025 (FY2024 -25) has been consolidated, and reports have been published, according to the release.
Centre's transfer of tax share to states shoots past Rs 11.8 lakh crore in April-Feb
New Delhi, March 28: The Centre has transferred Rs 11,80,532 crore transferred to the state governments as devolution of share of taxes by the government of India in the 11 months of the current financial year up to February 2025, which is Rs 1,47,099 crore higher than the previous fiscal year (2023-24), according to figures released by the Finance Ministry on Friday.
Government on track to meet fiscal deficit target of 4.8 pc for FY25: Bank of Baroda Report
New Delhi, March 3: The central government is on course to meet its fiscal deficit target of 4.8 per cent of GDP for the financial year 2024-25 (FY25), according to a report by Bank of Baroda.
India's fiscal deficit in April-Jan touches 74.5 per cent of full year target for FY25
New Delhi, Feb 28: India's fiscal deficit for the first 10 months of the current financial year (April-January) stood at Rs 11.70 lakh crore, or 74.5 per cent of annual estimates, according to data released by the Controller General of Accounts (CGA) on Friday.
Maha govt to cut spending across all departments by 30 per cent
Mumbai, Feb 14: Amid rising fiscal deficit and public debt, the Maharashtra government has introduced an austerity drive directing 30 per cent cut in expenditure by all departments.
Budget 2025: Fiscal deficit target pegged at 4.4% for 2025-26
New Delhi, February 1: Presenting the Union Budget, Finance Minister Nirmala Sitharaman on Saturday pegged the fiscal deficit target at 4.4 per cent of GDP for the financial year 2025-26.
Despite govt capex of Rs 54 Lakh cr over 5 years, concern on pvt investment and employment remain
New Delhi, January 31: The Indian government has spent over Rs 54 lakh crore on capital expenditure in the past 11 years, according to a report by Systematix Institutional Equities.
Union Budget to focus on consolidating fiscal deficit at 4.5 pc of GDP in FY26: UBI Report
New Delhi, January 30: The Government will focus on fiscal consolidation and growth in the Union Budget, says a research report by the Union Bank of India.
Cuts in income tax rates, higher tariffs on gold likely in Budget 2025-26: Report
New Delhi, Jan 27: Mild cuts in personal Income Tax rates to boost consumption and concessional Corporate Tax scheme for manufacturing hubs and FDIs to push the 'Make in India' strategy are likely in Budget 2025-26 with the government aiming to push economic growth, according to a private sector report.
Centre likely to stay on fiscal consolidation path in FY26, targets 4.5 pc fiscal deficit: Report
New Delhi, January 21: The Centre is expected to continue its fiscal consolidation efforts in FY26, with a fiscal deficit target of 4.5 per cent of GDP, according to a report by Emkay Research.
Government should come up with a clear roadmap to contain fiscal deficit: Montek Singh Ahluwalia
New Delhi, January 3: Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, has raised concerns about India's high fiscal deficit, stating that it is much more than other developing countries and hampering private investments.