Ajay Seth, Secretary at Department of Economic Affairs under Ministry of Finance said fiscal consolidation by way of gliding down on fiscal deficit path is being done while meeting all essential expenditure.
It is important to note that many opposition-ruled states are moving back to Old Pension Scheme, or are mulling to, facing demands from government employees and other pressure groups.
The central government kept the capital expenditure outlay at Rs 11.11 lakh crore for 2024-25, as was announced by Union Finance Minister Nirmala Sitharaman in her interim Budget, ahead of the General elections.
Edison (New Jersey) [US], July 23: Orion Innovation ("Orion"), a leading digital transformation and product development services firm, appoints Cyrus Lam as its new Chief Financial Officer (CFO). Cyrus will spearhead Orion's global financial organization and play a key role in shaping its fi
Finance Minister Nirmala Sitharaman has announced a significant set of income-tax reforms for the fiscal year 2024-25, aimed at simplifying tax laws, promoting compliance, and fostering economic growth.
Presenting the Union Budget for 2024-25, Union Finance Minister Nirmala Sitharaman on Tuesday pegged the fiscal deficit target at 4.9 per cent of gross domestic product (GDP)
Finance Minister Nirmala Sitharaman allocated Rs 1.52 lakh crore to the agriculture and allied sectors while presenting the Union Budget for the fiscal year 2024-25 in Lok Sabha on Tuesday
The fiscal deficit of the government is expected to drop to 4.5 per cent of GDP or lower by the financial year 2026, the Economic survey outlined which was tabled in parliament on Monday.
Brokerage firms Goldman Sachs, Jefferies, Bernstein, and Dolat Capital have collectively voiced optimism about the growth and recovery trajectory of Paytm, a leading payments and financial services distribution company and pioneer of QR and mobile payments, following its first-quarter fiscal
The current fiscal year's tax-laden budget and the Supreme Court's ruling on reserved seats have shifted the focus of politics to the economy, further posing doubts over Pakistan's ability to meet the new International Monetary Fund (IMF) conditions for a USD 7 billion loan, reported Dawn.