Indian stock indices kicked off a fresh week on a muted note. On Friday, it rose over 500 points after the central government as part of its Budget showed intent that it was aiming for fiscal consolidation even as the General elections are around the corner.
New Delhi [India], February 3: Union Finance Minister Nirmala Sitharaman presented her sixth Budget on February 1. This was an interim budget ahead of the general elections later this year. The Interim Budget 2024 focused on youth and women empowerment, while maintaining fiscal consolidation
Indian stock indices kicked off Friday's session sharply higher, a day after the central government showed its intent that it was aiming for fiscal consolidation even as the General elections are around the corner.
According to Bank of Baroda economist Sonal Badhan, the fiscal deficit target for FY24 is expected to be achieved at 5.9 per cent, with potential risks from lower-than-anticipated nominal GDP growth and higher expenditure.
Be it capital expenditure, the asset quality of banks, foreign exchange reserves, GST collections, fiscal consolidation path, and convergence of wholesale and retail inflation, Budget document data showed all these indicators to be on strong ground.
Speaking at a session at the World Economic Forum Annual Meeting, moderated by Shereen Bhan of Managing Editor, CNBC-TV18, the railway minister said, "It (change of interest rates) was a very moderate and balanced view of things." The session was titled -- India's road to a USD10-trillion ec
The IMF visit to Pakistan which was scheduled for October has been delayed amidst differences between Pakistan's commitment to the IMF on fiscal consolidation.
The visit of the IMF monitoring mission scheduled for October end has been delayed amid the differences between Islamabad's commitment to the IMF on fiscal consolidation and its actual decisions.
Singapore, June 25 (ANI): S&P Global Ratings said on Friday that Covid-19 pandemic can worsen structural deficits and indebtedness of Indian state governments despite a likely rebound in national economy over the next 12 to 24 months.
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.