She has walked the fiscal correction path despite expanding the Budget size by a full 1.2 percentage points over the interim budget and 7 percentage points from FY24.
Many expect the fiscal consolidation this year and the next will lead to a sovereign rating upgrade next fiscal-from BBB- with stable outlook to a BBB.
The interim Budget had set a fiscal deficit target of 5.1% but at that time the North Bloc had no hint that the RBI would be surprising everyone with a massive surplus of 2.11 trillion for fiscal 2024. Two other enablers are the spike in tax revenue and higher dividend payouts providing more fiscal space.
هذه القصة مأخوذة من طبعة July 24, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 24, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Harmanpreet & Co seek quick turnaround against Pakistan
FIELDING and fitness are of the highest priority,\" Amol Muzumdar said on the eve of his first-ever T20I series as a head coach of India.
MORE PRIDE, LESS PREJUDICE
One of the best bowlers in the world, Australia's Schutt opens up to Kalyani Mangale about her journey as a queer athlete, how perspectives have changed after becoming a mother and more...
Sarthak clinches maiden national crown
PUNE'S Sarthak Chavan (TVS Racing), enjoying the best season of his fledgling career yet, scripted history when he became the youngest ever, at 17, to seal the title in the premier Pro-Stock 301-400cc Open class as the fifth and final round of the MRF MMSC fmsci Indian National Motorcycle Racing Championship 2024 - Powered by STORM headed towards a grand climax on Saturday.
Sreejesh 2.0: Veteran set for fresh test as jr team coach
THE last match PR Sreejesh played for the country, he captured a bronze medal at the Olympics.
India grapplers doubtful for Sr and U23 Worlds
PARTICIPATION of Indian wrestlers in the U23 and Senior World Championships scheduled in Tirana, Albania looks doubtful due to ongoing scuffle between the Wrestling Federation of India and government.
Household debt up 26% CAGR since '20
FINANCIAL liabilities/indebtedness of the households, which nearly doubled to 5.6% of GDP in FY23, have grown at a compounded annual growth rate of 26% between FY20 and FY23 as against 17% in the pre-pandemic decade, while their savings grew at a much lower 9%, down from 11%, shows an analysis.
ABHINANDAN LODHA FLOATS 'PLOTS-ONLY' REALTY MODEL
IN the old days, especially in the smaller cities and towns, a 'developer' meant the chap who had the pluck to convert some agricultural land to 'residential use'.
How will China stimulus impact India
CHINA'S effort to revive its economy via a financial and monetary stimulus package is perceived to have a strong impact on India - positive as well as negative.
Hezbollah loses contact with Nasrallah successor
Hashem Safieddine unreachable after Israeli strike targeting him
SBI declares MTNL loan as NPA due to payment default
THE State Bank of India (SBI) has declared loans given to state-owned Mahanagar Telecom Nigam Limited (MTNL) as a sub-standard non-performing asset (NPA) due to default in re-payment.
