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She was speaking at an event organised by the NIPFP) here. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India has fiscal space to support sectors hit by the West Asia crisis, says Sitharaman * She said RBI has room to cut interest rates amid global economic challenges * Monetary Policy Committee will announce interest rate stance on Wednesday, the minister said Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Finance Minister Nirmala Sitharaman on Mo ...Read More >
New Delhi, April 6: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the wind' ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for a further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said that it improves the counter-cyclical capacity, especially the ability to 'lean against the wind' in ec ...Read More >
New Delhi: India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday. Addressing the golden jubilee celebrations of the National Institute of Public Finance and Policy, the Finance Minister said: "India has fiscal space with room to maintain the government's capex programme, room for the RBI to cut rates and room to offer targeted support to affected sectors. This is the ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
Bagalkote (Karnataka), Apr 4 (PTI) Karnataka Chief Minister Siddaramaiah on Saturday said the BJP's criticism of the Congress government reflects a "fear of defeat" ahead of the April 9 bypolls. He added that the state's guarantee schemes are an investment in social commitment and inclusive development. Speaking to reporters in Bagalkote, he expressed confidence that the Congress would win both bypoll-bound constituencies, adding that the campaign has received an unprecedented response, surpas ...Read More >
New Delhi : Chief minister Rekha Gupta on Friday sharply criticised the previous Aam Aadmi Party (AAP) government's financial record, accusing it of leaving Delhi with a ₹47,000-crore debt burden. Addressing the assembly on the final day of the Budget session, Gupta said her government inherited the debt, of which ₹27,547 crore remains outstanding. " We are now working to manage liabilities while ensuring transparency," she said. On Tuesday, Gupta had presented a ₹1,03,700 crore Budget fo ...Read More >
New Delhi [India], October 16 (ANI): Gold prices continued to surge in 2025, driven by a mix of global fiscal concerns, currency weakness, and strong institutional buying, as per a report by Religare Broking. The metal has delivered over 65 per cent returns so far this year, one of the highest gains seen in recent years, as investors turn to gold as a safe haven amid rising market uncertainty. At the time of filing this report, Gold prices in Delhi of 24kt was trading at Rs 1,28,110/ 10gm. The ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances ...Read More >
SRINAGAR: Chief Secretary, Atal Dulloo, on Thursday chaired a high-level meeting to review the performance of departments with regard to utilization of the annual budget and revenue realization in J&K. The meeting was attended by Principal Secretary, Finance Department, Santosh D. Vaidya; Administrative Secretaries of all departments; Director General, Resources; Director General, Accounts & Treasuries; Director General, Budget, besides other senior officers. During the review, the Chief Secret ...Read More >
New Delhi [India], August 14 (ANI): India has received its first sovereign credit rating upgrade in 18 years, with S&P Global Ratings raising the country long-term rating to BBB from BBB- and the short-term rating to A-2 from A-3, while keeping the outlook stable. The announcement, shared in a tweet by the Indian Ministry of Finance, marks a major milestone in the country economic journey. The Ministry of Finance said the rating improvement reaffirms that under Prime Minister Narendra Modi lead ...Read More >
NEW DELHI: S&P Global Ratings on Thursday raised India's long-term sovereign credit rating to BBB from BBB-, citing stronger macroeconomic fundamentals, including economic resilience, sustained fiscal consolidation, and a policy environment conducive to controlling inflation. The upgrade moves India one notch higher within the investment-grade category, a shift that could lower borrowing costs and lift investor sentiment. S&P said continued reforms, fiscal discipline, and infrastructure invest ...Read More >
New Delhi: Defence minister Rajnath Singh said on Monday that peace time is nothing but an "illusion", and that India must remain prepared for uncertainty even during periods of relative calm. Mr Singh said the valour displayed during Operation Sindoor and the demonstration of domestic equipment had further increased the global demand for the country's indigenous products. "The world is looking at our defence sector with new respect. A single delay or error in financial processes can directly ...Read More >
New York/Hyderabad, July 6 (Maxim News): In a bold political move, Tesla and SpaceX CEO Elon Musk has announced the formation of a new political party in the United States, named the "America Party." The tech billionaire unveiled the initiative on Saturday through a post on X (formerly Twitter), positioning it as a direct challenge to the traditional two-party dominance in American politics Here To Join Us On WhatsApp "America is being bankrupted by bipartisan waste and corruption. This is not ...Read More >
Health Minister Dr. Shane Reti announced encouraging progress in Health New Zealand's (Health NZ) financial recovery, highlighting a significant reduction in its projected deficit for 2024/25. The improvement follows extensive efforts to address what Dr. Reti describes as a financial crisis inherited from the previous Labour-led government. Health NZ's revised budget for 2024/25 now forecasts a deficit of $1.1 billion, a significant reduction from the projected $1.76 billion deficit before the ...Read More >
On December 7, Ghanaians will elect a new president and parliament, with contenders including former President John Mahama and Vice President Mahamudu Bawumia. Investors are keen to see if the winner will uphold economic reforms and effectively handle Ghana's debt challenges under the existing IMF program. Ghanaians are set to vote on December 7 in a tightly watched election, as key candidates vie to replace President Nana Akufo-Addo. Former president John Mahama and Vice President Mahamudu B ...Read More >
The United States 10-year government bond yield reached a low of 3.6% in September but has rapidly creeped up to 4.2%, erasing all the rate cut impact. The primary cause is the out-of-control public spending and the lack of confidence among bond investors in the government's ability to manage its public finances. Therefore, it is logical that investors fear an inflation bounce. The United States' government is obsessed with doping GDP with government spending and bloating job figures with publi ...Read More >
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