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Andhra Pradesh opposition leader Botcha Satyanarayana has accused the state government of misleading the Legislative Council. He claims incorrect and incomplete figures on borrowings for 2024-25 and 2025-26 were presented. Satyanarayana highlighted significant discrepancies between government figures and CAG audited accounts. He urged the Governor to intervene and ensure accurate financial reporting to maintain public trust. Amaravati: Leader of the Opposition in the Andhra Pradesh Legislative ...Read More >
Visakhapatnam, April 8 (SocialNews.XYZ) Leader of the Opposition (LoP) in the Andhra Pradesh Legislative Council, Botcha Satyanarayana has written to Governor S. Abdul Nazeer that the State Finance Department presented incorrect and incomplete information on government borrowings for 2024-25 and 2025-26 in the Council. In his letter, Botcha Satyanarayana said the reply given by the Principal Finance Secretary to a starred question in the February 2026 session understated the actual borrowings a ...Read More >
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: Finance minister Nirmala Sitharaman on Monday said the government's prudent fiscal management over the last decade has created room for the RBI to cut rates and allow the Centre to offer targeted support to affected sectors."It is also important to note that a good public finance policy improves the counter-cyclical capacity of fiscal policy - especially the ability to 'lean against the wind' in economic downturn. Today, many countries with high debt and large deficits have no room to ...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], April 6 (ANI): Finance Minister Nirmala Sitharaman on Monday said the global economic landscape has moved from a phase of isolated shocks to one of "permanent volatility", underlining rising uncertainty due to geopolitical tensions and economic disruptions. Addressing the Golden Jubilee event of the National Institute of Public Finance and Policy in Delhi, Sitharaman pointed to several global challenges that have reshaped the world economy in recent years. "The current year ...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 >
New Delhi: Neutrality of elections cannot be assured if those who conduct polls are dependent on the contestants, Justice BV Nagarathna of the Supreme Court has said, in a veiled admonishment of the Election Commission. The apex court judge raised a critical concern regarding the structural independence of those tasked with overseeing the ballot while delivering the Rajendra Prasad Memorial Lecture at the Chanakya Law University in Patna Saturday. Citing a 1995 verdict where the Supreme Court ...Read More >
Mumbai, April 1: The Ministry of Finance has formally set an 18-month timeline for the 8th Central Pay Commission (8th CPC) to submit its recommendations, a move that will impact the earnings and retirement benefits of millions of central government employees and pensioners. Constituted on November 3, 2025, the commission is tasked with reviewing the existing pay structures, allowances, and pensions. While the final report is expected by mid-2027, officials indicate that any approved salary hik ...Read More >
PARIS (Reuters) -S&P Global downgraded France's rating a notch on Friday in a surprise update on the euro zone's second-biggest economy, warning that political instability put the government's efforts to repair its finances at risk. Credit ratings agencies rarely downgrade outside of regulated schedules for updates, but S&P said France's cut to A+/A-1' from 'AA-/A-1+' was merited after a high-tension week in which Prime Minister Sebastien Lecornu pledged to suspend a deeply unpopular 2023 pensi ...Read More >
New Delhi [India], September 26 (ANI): The Comptroller and Auditor General of India (CAG), K Sanjay Murthy, on Friday addressed the Government Accounting Standards Advisory Board (GASAB) meeting and launched digital website initiatives, and the work of all the organised accounting services in GASAB reflects the commitment towards improving transparency in the Government Accounting and Standard-setting process, according to the official releaseThis was stated by the Comptroller and Auditor Genera ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) India's economic expansion and its GDP growth are clearly on the right path despite geopolitical turbulence and tariff uncertainties, and this is showing in numbers too, economist Akash Jindal said on Thursday. Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global has upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. Reacting to ...Read More >
NEW DELHI: A 50-year-old man died and his daughter was injured on Thursday morning when a tree fell on them while they were riding a motorcycle in southeast Delhi's Kalkaji area amid heavy rainfall in the national capital. According to a senior police officer, around 9:50 am, an old roadside Neem tree suddenly fell in front of HDFC Bank near Paras Chowk, Kalkaji. Two people a motorcycle trapped under it. They have been identified as Sudhir Kumar and his daughter Priya (22). Upon recieving info ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global on Thursday upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. In a note, S&P Global said the stable outlook reflects continued policy stability and high infrastructure investment, which are set to boost India's long-term growth. "That, along with cautious fiscal and monetary p ...Read More >
New Delhi, Aug 14 (PTI) S&P Global Ratings on Thursday upgraded India's sovereign rating by a notch to 'BBB', citing buoyant economic growth against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations. S&P is the first global rating agency to upgrade India's sovereign rating from the lowest investment grade of 'BBB-'. "India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public finances ...Read More >
MUMBAI, Aug 14 (Reuters) - Credit rating agency S&P Global upgraded India's long-term unsolicited sovereign credit ratings to "BBB" from "BBB-" on Thursday, citing economic resilience and sustained fiscal consolidation. The agency had revised the outlook on India's rating in May last year to positive from stable on robust growth and improved quality of government expenditure. "The upgrade of India reflects its buoyant economic growth, against the backdrop of an enhanced monetary policy environ ...Read More >
New Delhi [India], August 3 (ANI): Since its launch in 2016, the Pradhan Mantri Fasal Bima Yojana (PMFBY) has insured 78.41 crore farmer applications up to June 30, 2025. During this period, around 22.67 crore farmers have received compensation amounting to Rs 1.83 lakh crore, highlighting the scheme wide reach and impact in supporting farmers against crop loss, informed Ramnath Thakur, Minister of State for Agriculture and Farmers Welfare in a written reply to Rajya Sabha on August 1. Pradhan ...Read More >
SHILLONG, July 11: Union Finance Minister Nirmala Sitharaman on Friday highlighted the significant increase in central financial support to Meghalaya over the past decade, particularly in tax devolution. Speaking to the media here, Sitharaman stated that between 2014 and 2024, Meghalaya received Rs 48,883 crore in tax devolution -- a remarkable 572% increase from the Rs 7,273 crore it received during the previous decade (2004-2014). Similarly, grants-in-aid to the state more than doubled, risi ...Read More >
New Delhi, June 30 (SocialNews.XYZ) Delhi Chief Minister Rekha Gupta on Monday said the government is taking concrete steps to make the national capital pollution-free and green. "Public transportation is being rapidly converted to electric vehicles, which will not only reduce pollution but also provide Delhi residents with clean and affordable transportation," said CM Gupta in a post on X. Elaborating on steps being taken to clean the city's air, she said, "Dust pollution is being effectively ...Read More >
New Delhi, June 29 (SocialNews.XYZ) In a step towards exploring science-driven solutions for cleaning Delhi's air, Environment Minister Manjinder Singh Sirsa and PWD Minister and area MLA Parvesh Verma on Sunday visited Nehru Park to review the feasibility of creating a pilot Clean Air Zone. The Delhi government is evaluating whether the installation of outdoor air purifiers across public parks can create micro-climates of significantly cleaner air, particularly during increased AQI days, said ...Read More >
Principal Secretary to the Prime Minister, Dr. P. K. Mishra, addressed the Ministerial Roundtable on Disaster Risk Reduction (DRR) Financing at Geneva on 04th June 2025. He commended the UNDRR and its partners for convening this critical discussion. India also recognized the contributions of Brazil and South Africa in continuing the global dialogue through their G20 presidencies. Dr. Mishra underscored that DRR financing is not a peripheral issue but central to the effective functioning of nati ...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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