Search For "fiscal"
India's macroeconomy sound, fiscally disciplined: IMF
Updated : 2 years, 5 months ago IST
The overall macroeconomic environment in India is "pretty sound", it is fiscally disciplined and the central bank moved fast to bring inflation under control, said the International Monetary Fund (IMF).
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Azure Power Files Fiscal Year 2022 Annual Report on Form 20-F
Updated : 2 years, 5 months ago IST
New Delhi [India], October 13: Azure Power Global Limited (the "Company" or "Azure"), an independent sustainable energy solutions provider and renewable power producer in India, today announced that it has filed its annual report on form 20-F for the fiscal year ended March 31, 2022, with th
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IMF raises India's growth forecast second time citing strong consumption
Updated : 2 years, 5 months ago IST
According to the multilateral agency's latest World Economic Outlook report, released Tuesday, the growth is expected to grow by 6.3 per cent this fiscal year, 20 basis points (100 basis points is equal to 1 percentage point) higher than what it had estimated in its previous report.
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Gross direct tax collections rise 18 per cent this fiscal
Updated : 2 years, 5 months ago IST
A total of Rs 11.07 lakh crore (gross) worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 17.95 per cent increase on a yearly basis, Central Board of Direct Taxes Chairman Nitin Gupta said on Tuesday.
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Yogi govt to spend Rs 31 crore to improve cattle breeds, enhance milk prod
Updated : 2 years, 5 months ago IST
The Yogi government in Uttar Pradesh has embarked upon a mission to enhance cattle breeds, boost milk production, and augment the population of indigenous cow breeds. Recently, the government prepared a detailed action plan for three pivotal schemes under the Nand Baba Milk Mission, accordin
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World Bank sees 5.8 pc growth in South Asia in 2023 fiscal
Updated : 2 years, 5 months ago IST
South Asia is expected to grow by 5.8 per cent in the financial year 2023, but slower than its pre-pandemic pace and not fast enough to meet its development goals, said the World Bank in its twice-a-year regional outlook released on Tuesday. The growth forecast for 2023 is 20 basis points hi
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India's balance of payments shows improvement in Q1: 2023-24
Updated : 2 years, 5 months ago IST
One of the standout features of India's BoP in Q1: 2023-24 was the substantial narrowing of the Current Account Deficit (CAD). The CAD decreased to USD 9.2 billion, equivalent to 1.1 per cent of GDP, showing an improvement from US$ 17.9 billion, or 2.1 per cent of GDP, in the same quarter of
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Dubai Government reduces public debt by AED29 billion
Updated : 2 years, 5 months ago IST
The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a reduction of approximately AED29 billion in Dubai's public debt by the end of this year. The achievement has been realised within a year and a half since the establishment of the off
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Finance Ministry, experts welcome move by JP Morgan to add India bonds in
Updated : 2 years, 5 months ago IST
Chief Economic Advisor V Anantha Nageswaran said, “We welcome this development. JP Morgan has made this decision on their own. It attests to the confidence that financial market participants and financial markets, in general, have on India’s potential and growth prospects and its macroeconom
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Net direct tax collections rise 23 per cent this fiscal
Updated : 2 years, 6 months ago IST
A total of Rs 865,117 crore worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 23 per cent increase on a yearly basis.
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Pakistan’s development expenditure comes to standstill amid fiscal challen
Updated : 2 years, 6 months ago IST
Pakistan’s development expenditure has nearly come to a standstill, with just Rs 22.5 billion spent in the first two months (July-August) of the fiscal year, against an annual budget allocation of Rs 950 billion, Dawn reported.
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Maktoum bin Mohammed: Strong fiscal performance; diversified government re
Updated : 2 years, 6 months ago IST
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said that the UAE's strong fiscal performance and diversified government revenues reflect efficient fiscal policy, with overall fiscal balance surplus recorded in 2022, a
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