Search For "fiscal"
India's economy grows 7.8% in Q1 2025-26
Updated : 5 months, 2 weeks ago IST
India's real GDP has been estimated to grow by 7.8 per cent in the April-June quarter of the financial year 2025-26 over the growth rate of 6.5 per cent in the same quarter of the previous fiscal, official data showed Friday.
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Indian bank margins likely to improve in fiscal H2 after slow Q1: S&P Glob
Updated : 6 months, 2 weeks ago IST
Several Indian banks are expecting their net interest margins (NIMs) to improve in the second half of the current financial year after reporting a weak performance in the April-June quarter, according to a report by S&P Global.
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India's garment industry growth to halve to 3-5% this fiscal, amid US tari
Updated : 6 months, 3 weeks ago IST
Revenue growth of India's readymade garment (RMG) industry is set to nearly halve on-year this fiscal to 3-5 per cent as the imposition of 50 per cent tariffs by the US on its imports from India becomes effective from 27th August 2025, Crisil Ratings said in a report.
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IREDA signs performance MoU with MNRE, Rs 8,200 crore revenue target for
Updated : 6 months, 3 weeks ago IST
Indian Renewable Energy Development Agency Limited (IREDA) on Monday signed a performance-based Memorandum of Understanding (MoU) with Ministry of New and Renewable Energy (MNRE), Government of India, outlining strategic targets for the fiscal year 2025-26.
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Revenue of large, diversified EPC companies to grow 9-11%: Crisil
Updated : 6 months, 3 weeks ago IST
Large, diversified engineering, procurement and construction (EPC) companies are expected to see their revenues grow by 9-11 per cent this fiscal, according to a recent Crisil Ratings report. Infrastructure alone accounts for nearly three-fourths of India's total capital expenditure, unde
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Punjab intensifies recovery of excise arrears: Rs 1.85 crore recovered, pr
Updated : 6 months, 3 weeks ago IST
In a determined bid to strengthen fiscal discipline and boost state revenue, the Punjab Government has launched an aggressive drive to recover long-pending excise arrears inherited from previous SAD-BJP and Congress regimes. Punjab Finance, Planning, Excise and Taxation Minister Advocate Har
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Empowering Affordable Housing Through Technology: Aadhar Housing Finance's
Updated : 6 months, 3 weeks ago IST
New Delhi [India], August 22: Aadhar Housing Finance Limited (AHFL), one of India's largest housing finance companies focused on serving low- and middle-income families, has delivered exceptional growth over the past two fiscal years, fueled by digital transformation, rigorous credit discipl
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Pak's AG uncovers PKR 4.8 trillion in irregularities in counrty's power se
Updated : 6 months, 3 weeks ago IST
The Auditor General of Pakistan (AGP), in its audit report for the fiscal year 2023-24, has uncovered financial and operational irregularities worth PKR 4,800 billion in the country's power sector, raising concerns over governance and transparency, Geo News reported.
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IMF urges Pakistan to improve budget transparency, oversight of lawmakers'
Updated : 6 months, 3 weeks ago IST
The International Monetary Fund (IMF) has called on Pakistan to bring greater transparency and discipline to its public spending, urging the government to route parliamentarians' development schemes through formal approval mechanisms and limit mid-year budget changes without parliamentary ov
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Govt fiscal deficit may widen by 0.2% due to GST changes, but growth gains
Updated : 6 months, 4 weeks ago IST
The government's fiscal deficit could see a short-term increase due to proposed changes in the Goods and Services Tax (GST) structure, but the growth boost is expected to outweigh the temporary slippage, according to a report by Emkay Research.
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Fiscal cost of proposed GST rate rationalisation to be manageable: Report
Updated : 7 months ago IST
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.
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"Sovereign rating upgrade was much required," says PM EAC member Sanjeev S
Updated : 7 months ago IST
In a major move, ratings agency S&P Global on Thursday raised its sovereign credit ratings on India to 'BBB' from 'BBB-'. According to the ratings agency, India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public fina
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