Mumbai (Maharashtra) [India], Sep 11 (ANI): The total receipts of 14 states in India declined by 18.2 per cent year-on-year in the first quarter of current fiscal while total spending grew by just 2.7 per cent, Motilal Oswal Financial Services said on Friday.
Hong Kong, September 11 (ANI): Economic growth will turn positive for Asia in the second half of this calendar year but the process of fiscal consolidation is set to be more protracted for the region, according to Fitch Ratings.
Washington DC [USA], September 11 (ANI): The impact of COVID-19 pandemic is significant on India's development and the immediate priority is a coordinated policy response, the International Monetary Fund (IMF) has said.
New Delhi [India], Sep 10 (ANI): States may have to significantly cut their expenditure by as much as Rs 3.4 lakh crore in the current fiscal if they are not paid full compensation relating to Goods and Services Tax (GST), investment information agency ICRA has said.
New Delhi [India], September 9 (ANI): Prime Minister Narendra Modi will launch the Pradhan Mantri Matsya Sampada Yojana (PMMSY), along with the e-Gopala App, tomorrow.
Vizianagaram (Andhra Pradesh) [India], September 8 (ANI): Workers of Communist Party of India (Marxist) staged a unique protest against the state government. The workers were protesting after the water was accumulated in the potholes in Vizianagaram district on Tuesday.
Mumbai (Maharashtra) [India], Sep 8 (ANI): Fitch Ratings has sharply lowered its forecast for India's gross domestic product (GDP) growth for the current fiscal year (FY21) and expects it to contract by 10.5 per cent as compared to its earlier estimate of 5 per cent contraction.
Singapore, September 8 (ANI): Fitch Solutions has revised its fiscal deficit forecast for India to 8.2 per cent from 7.2 per cent earlier due to quicker divergence in expenditures and non-debt receipts which saw the deficit exceed the full-year target in only four months.
Panaji (Goa) [India], September 8 (ANI): The Naval Coastal Battery, Mormugao will carry out test-firing of 105 mm Light Field Gun and 40/60 AA guns from Mormugao, Headland Sada, Goa on Thursday following which it has warned shipping and fishing vessels to stay clear of the area.
Kolkata (West Bengal) [India], September 7 (ANI): Indian Coast Guard (ICG) in a pre-dawn joint operation with Customs on Monday apprehended a fishing boat 'Sagar' near Diamond Harbour, Kolkata, involved in smuggling textiles worth Rs five crores.
Kochi (Kerala) [India], September 7 (ANI): Indian Coast Guard and Maritime Rescue Sub Centre Kochi coordinated rescue of 24 fishermen reported to be in distress off Kerala coast due to adverse weather conditions.