Achieving the full-year Financial Year 2026 (FY26) fiscal targets appears challenging amid subdued growth in corporate and income tax revenues, according to a report by the Union Bank of India.
New Delhi [India], October 14: While the news headlines are often dominated by stock market highs and IPO buzz, there's another part of financial system quietly shaping everything from interest rates to government spending -- the bond market or the debt market.
Indonesian police fired tear gas near Bandung universities as protests over government spending and police violence spread, Al Jazeera reported. At least eight people have died, 20 are missing, and thousands rallied in Jakarta to honour a motorbike taxi driver killed by a police vehicle.
India's rural economy is showing early signs of a broad-based recovery, bolstered by a strong start to the monsoon season, a rebound in rural wages as inflation eases, and a renewed push in government spending, according to a report by the Ambit asset management firm.
As per a report by ICICI Bank, this marked a stronger growth momentum in the second half of the financial year compared to the first half, powered by a rise in government spending and a pick-up in rural demand, domestic travel and services exports.
According to the US daily, Musk's attempted intervention was unsuccessful and the CEO of X and Tesla also disagreed with other high-ranking Washington officials on issues such as migrant visas and DOGE's approach to government spending
The demand is expected to rise in the cement sector as the government spending ramps up, and it could pave the way for price hikes across regions in April 2025, said a report by Nuvama.
With stabilizing asset quality, improving liquidity, and emerging rate tailwinds, the sector is poised for steady growth. The overall macroeconomic environment is improving with increased government spending and RBI's measures to ease liquidity constraints.
Out of 23 manufacturing industries, 19 recorded positive momentum, an improvement from 16 in the previous month. Additionally, higher government spending in January provided further support to industrial growth, and the outlook remains favourable for meeting budget targets.
India's economy is expected to grow at a much better pace in the fourth quarter of FY25, supported by strong government spending, a recovery in the rural economy, and a likely increase in private investment, according to a report by Centrum.
India's economy is expected to see a boost in Q4FY25, supported by a sustained increase in government spending and capital expenditure (Capex), alongside a pickup in consumption driven by the Maha-Kumbh and wedding season, according to a report by Union Bank of India.
In a bid to cut government spending, the Department of Government Efficiency (DOGE), led by Tesla CEO Elon Musk, announced the cancellation of a USD 29 million funding intended for "strengthening the political landscape in Bangladesh" on Saturday (local time).