Mesum in his statement claimed that the budget is inappropriate and neglects key sectors like health and agriculture. According to the Dawn news report, the leader also alleged that the budget was biased towards making budgetary allocations, as funds were only approved for schemes that benef
India's current account balance registered a surplus of USD 5.7 billion, equivalent to 0.6 per cent of GDP, in the fourth quarter of the financial year 2023-24, highlighted data from RBI.
Finance Minister Nirmala Sitharaman chaired the first pre-budget meeting with leading economists in Delhi on Wednesday as part of pre-budget consultations for the General Budget 2024-25.
India's overall exports, merchandise and services combined, in the month of June were to the tune of USD 68.29 billion, a 10.2 rise on a yearly basis, commerce ministry data showed on Friday.
Despite this positive quarter, the overall CAB for FY24 is expected to remain in deficit at 0.6 per cent of GDP, the lowest since FY17, excluding the pandemic-affected FY21.
The government has been grappling with an unsustainably high fiscal deficit, averaging 7.3 per cent of economic output over the past five years, leading to a staggering national debt of PKR 78.9 trillion.
After having paid an unexpectedly high dividend to the central government by the RBI last financial year, it is now expected that higher dividend payments could continue in the current year too.
The Rs 2.11 lakh all-time high dividend by Reserve Bank of India, will help the government in maintaining the fiscal deficit at targeted 5.1 per cent for the year 2024-25. Fitch Ratings says, the high dividend by RBI could even lower FD below the target.
India's trade deficit faces limited near-term challenges from ongoing geopolitical uncertainties, though it remains an important area to monitor, says a recent outlook report by Crisil on India's trade deficit.
Rory McIlroy overturned a two-shot deficit as he played his final 11 holes in six-under to win the Wells Fargo Championships by a whopping five shots despite a closing double bogey.