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New Delhi: The Centre's fiscal deficit in the first 11 months of current financial year touched 80.4% of the annual target, compared with 85.8% a year ago, as net tax revenue improved in recent months while revenue spending growth remained subdued, official data released on Monday showed. In absolute terms, the fiscal deficit between April 2025 and February 2026 stood at ₹12.53 lakh crore against ₹13.47 lakh crore a year ago. The government has pegged the 2025-26 fiscal deficit at ₹15.58 lakh c ...Read More >
Shimla, Mar 30 (PTI) The Himachal Pradesh Assembly on Monday passed the budget for 2026-27 and the related Appropriation Bill 2026, authorising the government to spend Rs 58,830.30 crore from the consolidated fund. The revenue deficit in the budget presented by Chief Minister Sukhvinder Singh Sukhu on March 21 was estimated at Rs 6,577 crore while the fiscal deficit was pegged at Rs 9,698 crore, which was 3.49 per cent of Gross State Domestic Product (GSDP) and within permissible limits. Of ev ...Read More >
New Delhi, Mar 30 (PTI) The central government's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26 compared to 85.8 per cent in the year-ago period, according to government data released on Monday. The Centre estimates the fiscal deficit (the gap between expenditure and revenue) during 2025-26 at 4.4 per cent of GDP, or Rs 15.58 lakh crore. According to monthly accounts released by the Controller General of Accounts (CG ...Read More >
New Delhi, Mar 30 (PTI) The Centre's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26 compared to 85.8 per cent in the year-ago period, according to government data released on Monday. The central government estimates the fiscal deficit (the gap between expenditure and revenue) during 2025-26 at 4.4 per cent of GDP, or Rs 15.58 lakh crore. According to monthly accounts released by the Controller General of Accounts (CG ...Read More >
New Delhi [India], March 29 (ANI): India could face pressure on remittances, the rupee and fiscal finances as the ongoing conflict in West Asia disrupts economic flows with the Gulf region, according to a report by SBI Funds Management. The report titled "2026 Middle East Conflict and Its Implications" highlighted that apart from higher crude prices, India's external sector and fiscal balances could come under strain through multiple channels. One key risk is a slowdown in remittances from the ...Read More >
Bengaluru, March 11 (SocialNews.XYZ) Karnataka's IT exports are expected to cross Rs 5.50 lakh crore this year, state IT and BT Minister Priyank Kharge told the Assembly on Wednesday. Responding to a question from BJP MLA Vedavyas Kamat, Kharge said: "Talking about the IT-BT potential in Karnataka, in 2022-23, our IT-BT exports were Rs 3.55 lakh crore. In 2023-24, it rose to Rs 4.09 lakh crore, and last year, in 2024-25, it increased to Rs 4.58 lakh crore. This year, March 31 is the closing dat ...Read More >
Following the expansion of its new development space, the southern city aims to enhance inter-regional connectivity in infrastructure, markets and space for tourism development. Authorities view coastal and island tourism as a key source of "green" growth that could help reposition the city on the regional and global tourism map. According to Nguyen Van Manh, Vice Chairman of the Con Dao Special Zone People's Committee, Con Dao is not only a national symbol of revolutionary heritage but is also ...Read More >
Singapore/Lucknow, Feb 24 (PTI) On the second day of his Singapore visit, Uttar Pradesh Chief Minister Yogi Adityanath presented a comprehensive roadmap, outlining initiatives aimed at transforming the state into a USD 1 trillion economy during the Invest UP Mega Road Show. He described the state's 'Triple S' model (Safety, Stability, and Speed) as the biggest guarantee for investment. Adityanath said that today, Uttar Pradesh has not only become the land of possibilities but also the land of ...Read More >
India and the Gulf Cooperation Council (GCC) signed a joint statement on Tuesday, formally launching negotiations for a comprehensive Free Trade Agreement. The agreement was signed by Commerce Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al Budaiwi. India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by In ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Also Read | Maharashtra NMMS Result 2026 Out at mscenmms.in and mscepune.in: MSCE Pune ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Taking it to social media platform X, Goyal said, "Delighted to welcome H.E. Jasem Moh ...Read More >
The survey claimed that the economic growth in the 2024-25 financial year was 7.02 per cent, exceeding the national average of 6.5 per cent, and marking the fourth consecutive year of growth above 7 per cent. "The real GSDP is expected to reach ₹3,21,892 crore in 2025-26 and ₹3,41,064 crore in 2026-27, representing a growth of 6.17 per cent and 5.96 per cent, respectively. At current prices, GSDP is projected to cross ₹5.6 lakh crore in 2025-26 and approach ₹6.1 lakh crore in 2026-27," t ...Read More >
CHANDIGARH: A portion of the frontal section of Congress MLA Sukhpal Singh Khaira's house in Bholath, Kapurthala, was demolished on Monday by the office of the Block Development and Panchayat Officer (BDPO). Khaira, a strong critic of Punjab Chief Minister Bhagwant Mann, condemned the move, calling it the dangerous introduction of "bulldozer (Pila-Panja) politics" in Punjab by Mann under directions from AAP supremo Arvind Kejriwal, aimed at silencing criticism and democratic dissent. As the de ...Read More >
MUMBAI: Precious metals lost the rally gained in morning trade Monday, with gold closing 1.76% up or 2,758/10 gm at Rs 159,634 and silver closing 4.3% up or Rs 10,877/kg at Rs 263,821. In morning trade the yellow metal climbed above Rs 1.6 lakh/10 gm and silver surged 6% to cross Rs 2.67 lakh amid rising geopolitical tensions, global tariffs, and a stronger dollar. Renisha Chainani, head of research at gold trading platform Augmont said "since Friday gold rebounded by about 4% and silver outpe ...Read More >
Singapore/Lucknow, Feb 23 (PTI): Singaporean companies will scale up their presence in Uttar Pradesh, Prime Minister Lawrence Wong emphasised after he met Chief Minister Yogi Adityanath on Monday and the Indian leader secured investment pledges amounting to Rs 6,650 crore on the first day of his visit to the Southeast Asian nation. Companies from his country were investing in Uttar Pradesh in various sectors, particularly logistics, connectivity, and infrastructure development, and there was po ...Read More >
Raipur: The Economic Survey for 2025-2026 was presented to the state assembly by Chhattisgarh Finance Minister OP Choudhary on Monday. It forecasted a strong 11.57 per cent GSDP growth and an economy expanding to Rs 6.31 lakh crore, outperforming the national average and providing a positive outlook for the main budget, which will be presented on February 24. The survey, which was presented on the first day of the budget session, paints a positive image of the state's financial situation. All o ...Read More >
Guwahati: Chief Minister Conrad K. Sangma on Monday presented a deficit Budget of Rs 2,672 crore for the current fiscal year, amounting to around 3.5% of the Gross State Domestic Product (GSDP). Sangma, who also holds the Finance portfolio, said total receipts for the year are estimated at Rs 26,621 crore, while total expenditure is projected at Rs 29,293 crore, resulting in the deficit. Presenting the estimates for 2026-27, he said total receipts are pegged at Rs 32,000 crore, comprising Rs 2 ...Read More >
Shillong, Feb 23 (UNI) Meghalaya Chief Minister Conrad Sangma on Monday presented the state budget for the financial year 2026-2027 with a fiscal deficit of Rs 2,672 crore, which is around 3.5 per cent of the Gross State Domestic Product (GSDP). During the 2025-2026 budget estimates, the fiscal deficit was Rs 1,970 crore, and this year's deficit is increasing by Rs 702 crore. Presenting the budget for the year 2026-2027, Sangma, who holds the finance portfolio, informed the State Assembly that ...Read More >
Bhubaneswar, Feb 17 (PTI) Legislators of opposition BJD and Congress staged a walkout from the Odisha Assembly on Tuesday during the address of Governor Hari Babu Kambhampati, who called the state the nation's "growth engine". The opposition MLAs claimed there was no coherence between the governor's claim and the ground reality. The Budget session began with the singing of the national anthem and song, with the opposition bench cooperating for around an hour. However, Congress and BJD members ...Read More >
Chennai, Feb 17 (PTI) Tamil Nadu Finance Minister Thangam Thenarasu on Tuesday presented a Rs 2.55 lakh crore interim budget (2026-27) for the poll-bound state that saw Rs 4,000 crore allocation for the DMK's flagship scheme of free bus travel for women. Out of the Rs 2,55,391 crore of sectoral allocations, a maximum of Rs 57,039 crore was earmarked for education and Rs 35,773 crore for urban development and Rs 22,090 crore for the health department. In the Interim Budget 2026-27, the governme ...Read More >
The European Union and India are set to announce a landmark trade deal after nearly two decades of on-off talks, as both sides aim to deepen ties amid tensions with the US. India's Commerce Secretary Rajesh Agarwal said on Monday that negotiations had been wrapped up and the deal finalised. European Commission President Ursula von der Leyen and European Council President António Luís Santos da Costa are in Delhi, where the announcement is expected. Both India and the EU are seeking to streng ...Read More >
Minister for Finance Thangam Thennarasu on Wednesday (December 17, 2025) said the Chief Minister M.K. Stalin-led government's visionary and long-term outlook, new industrial policies, and robust fiscal management have helped Tamil Nadu achieve new heights in its economic growth rate. Speaking to reporters at the Secretariat in Chennai, Mr. Thennarasu said, according to Reserve Bank of India (RBI) data, Tamil Nadu's Gross State Domestic Product (GSDP) at current prices increased from ₹26.88 lak ...Read More >
New Delhi: The Indian economy is expected to record around 7 per cent growth in the current fiscal, slightly higher than 6.6 per cent projected by the International Monetary Fund (IMF) in October, said Gita Gopinath, former chief economist of the Washington-based International Monetary Fund. The IMF in October, however, revised upwards India's GDP growth forecast for the current fiscal to 6.6 per cent compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the ...Read More >
CHENNAI: MDMK General Secretary Vaiko has condemned the Union government for introducing a Bill to rename the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), alleging that the move reflects the Narendra Modi-led BJP government's hostility towards Mahatma Gandhi and its disregard for the livelihoods of poor rural citizens. In a statement, the senior leader said that despite strong opposition from Congress, DMK, MDMK, Left parties and other Opposition members in Parliament, U ...Read More >
Mumbai, Dec 17 (SocialNews.XYZ) Amid rising public debt and widening revenue and fiscal deficits, the BJP-led Mahayuti government in Maharashtra expects at least a 600 per cent rise in state expenditure from the next fiscal with the implementation of the proposed Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB G RAM G) Bill, which seeks to replace the existing MGNREGA, if the legislation is passed by both Houses of Parliament. As per data from the state's Employment Guar ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) India's gross domestic product (GDP) growth is projected to be at 7.5 per cent in the current financial year (FY26) and 7 per cent in FY27, supported by resilient domestic demand and stable macro fundamentals, a report showed on Wednesday. Meanwhile, inflation is expected to remain benign, with average CPI inflation projected at 2.1 per cent in FY26, before normalising to around 4 per cent in FY27. CareEdge Ratings projected the current account deficit (perce ...Read More >
NEW DELHI: The Bharatiya Janata Party (BJP) on Wednesday criticised Lok Sabha leader of opposition Rahul Gandhi for his remarks on India's manufacturing sector during his visit to Germany, accusing him of "insulting India from foreign soil" at a time when Parliament is in session. BJP MP Sambit Patra said the LoP carries a "huge responsibility" and needs to behave in a "responsible manner", especially while travelling abroad. "LoP has a huge responsibility. The LoP has to behave in a really resp ...Read More >
Finance Minister Nirmala Sitharaman said on Wednesday that India is working towards securing 25 per cent of global trade in the coming years. India is working towards securing 25 per cent of global trade in the coming years by building on its strong macroeconomic foundations, resilient growth trajectory and rapidly expanding entrepreneurial ecosystem, said Finance Minister Nirmala Sitharaman. The Finance Minister was addressing the India Economic Conclave in Delhi on Wednesday. Advertisement ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Wednesday said that reducing the country's debt-to-GDP ratio will be the "core focus" for the government in the next financial year (2026-27). Speaking at a media event here, Sitharaman stressed that it is crucial to bring down the debt-to-GDP ratio, which crossed 60 per cent during the Covid period. "It is already coming down, but we need to reduce it further, and this will be a core focus in the next financial year," t ...Read More >
Mothers and their newborns participate in a workshop at the Maison de Naissance birth center in Bourgoin-Jallieu, France. (Jean-Philippe Ksiazek/AFP/Getty Images) BUDAPEST -- After years of people having fewer children, Europe is on the brink of a great contraction. Next year, the European Union expects its population to hit a peak before sliding into the first sustained decline on the continent since the 14th-century Black Death. That trajectory has raised alarms about shrinking workforces an ...Read More >
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