FM Sitharaman criticises Congress manifesto as fiscally imprudent

[ad_1] Finance Minister Nirmala Sitharaman on Thursday slammed the Congress election manifesto as fiscally imprudent, highlighting that people understand which dispensation can effectively implement electoral promises and the financial repercussions of such commitments.“People understand who can actually implement the promises...

Congress manifesto’s populist leanings threaten fiscal stability narrative, warn economists

[ad_1] Foreign banks and brokerages have flagged the stark contrast in the pre-poll manifestos of major national parties —BJP and Congress — They have observed that the ruling party’s manifesto prioritises policy continuity, whereas the main opposition party’s manifesto leans...

Fiscal deficit widens in April-Feb 2024 to ₹15.01-lakh crore, reaches 86.5% of Revised Estimate

[ad_1] The Centre’s fiscal deficit widened in April-February 2024 to ₹15.01 lakh crore, which is about 86.5 per cent of Revised Estimate of ₹17.35-lakh crore, official data released on Thursday showed.The fiscal deficit in the same period a year ago...

S&P Global raises India’s growth forecast to 6.8% for FY25, lower than current fiscal

[ad_1] With the government showing optimism on the growth scenario, S&P Global on Tuesday upped India’s growth forecast by 40 basis points to 6.8 per cent during Fiscal Year 2024-25. However, it is still lower than the 7.6 per cent...

FPIs net debt investments soar to 7-year high, touches ₹ 1.2-lakh crore so far this fiscal

[ad_1] Foreign Portfolio Investors (FPIs) net investments in the debt market have hit a seven-year high so far this fiscal (till March 22) to touch ₹1.20 lakh crore. This was higher than the earlier record net inflows of ₹1.19 lakh...
Oct-Dec GDP growth surges to 8.4%, FY24 growth now pegs at 7.6%

Oct-Dec GDP growth surges to 8.4%, FY24 growth now pegs at 7.6%

[ad_1] Strong growth in manufacturing and good performance of mining and construction pushed the economic growth in October-December quarter (Q3) of Fiscal Year 2023-24 to 8.4 per cent, defying all the expectations. Also, growth rate for full fiscal of 2023-24...