Search For "fiscal"
Travel boom in India will enable branded hotels log double-digit growth th
Updated : 1 year, 2 months ago IST
Branded hotels in India are likely to see double-digit revenue growth this financial year and the next, fuelled by demand outpacing supply, asserted Crisil Ratings.
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India's GDP to stay at 6.5% in FY25 & FY26 provided govt accelerates c
Updated : 1 year, 2 months ago IST
India's real GDP growth is projected to remain steady at 6.5 per cent for the financial years 2025 and 2026, according to the latest EY Economy Watch report.
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Japan to cut 60 per cent of emissions by 2035
Updated : 1 year, 2 months ago IST
The Japanese government has approved a plan to cut greenhouse gas emissions by 60 per cent by fiscal 2035 compared to 2013 levels, with a longer-term goal of a 73 per cent reduction by fiscal 2040. While some experts criticised the targets as insufficient to meet global climate goals, sector
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Foreign loan disbursements to Pakistan drop 43 pc to USD 3.6 billion
Updated : 1 year, 2 months ago IST
The foreign loan disbursements to Pakistan have dropped by 43 per cent, reaching USD 3.6 billion in the first five months of the current fiscal year, The Express Tribune reported on Tuesday, citing official data released on Monday.
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India's data centre capacity to more than double by fiscal 2027: Crisil re
Updated : 1 year, 2 months ago IST
The Indian data centre industry's capacity is set to more than double to 2-2.3 GW by fiscal 2027, Crisil Ratings asserted on Monday, attributing to increased digitalisation in the economy.
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Wood cost to tear off writing and printing paper margin: Crisil report
Updated : 1 year, 2 months ago IST
Operating margin of writing and printing paper manufacturers is set to contract 400-500 basis points to 15-16 per cent this financial year -- following a similar correction last fiscal from the unusually high level of fiscal 2023 -- driven by costlier hardwood and softwood and softening real
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US Congress approves spending extension, avoiding shutdown
Updated : 1 year, 2 months ago IST
The US Senate passed a spending measure early on Saturday, preventing a government shutdown and ensuring funding through mid-March. The bill, which includes disaster relief and farm aid, was signed by President Biden after clearing the House. The legislation delays major fiscal decisions
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Despite uproar and protests by opposition, parliament's winter session rem
Updated : 1 year, 2 months ago IST
The Appropriation (No. 3) Bill, 2024, another notable legislation, authorizes additional expenditure from the Consolidated Fund of India for the fiscal year 2024-25. As a Money Bill, it was passed by the Lok Sabha and deemed approved by the Rajya Sabha without amendments. This bill was intro
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China's bond market signals economic pessimism
Updated : 1 year, 3 months ago IST
China's bond market continues to reflect deep pessimism about the country's economic recovery, with analysts highlighting record-low yields and a disconnect from the equities market's more optimistic outlook. Investors are betting on slow growth and low inflation, while concerns about the ec
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India's fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.
Updated : 1 year, 3 months ago IST
The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by Care Edge Ratings. The marginal improvement is attributed to healthy tax collections, despite certain shortfalls.
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India continues to hold steady despite global uncertainties: CareEdge Rati
Updated : 1 year, 3 months ago IST
CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year.
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World Bank cancels USD 500 million loan to Pakistan
Updated : 1 year, 3 months ago IST
The Washington-based lender has also announced that it will not provide any new budget support loans during the current fiscal year, which could affect the government's expectation of receiving USD 2 billion in fresh loans. A key reason for this decision is that Pakistan has largely exhauste
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