It also underscores the government's key focus areas which are fiscal prudence, job creation, infrastructure capital expenditure (capex), and simplification of the tax regime.
The fiscal deficit for FY25 was pegged at 4.9 per cent, well below the 5.1 per cent target presented in the Interim Budget in February 2024. The government has judiciously used available fiscal headroom from the higher-thanexpected RBI dividend and strong tax collections to increase expenditure in key sectors such as agriculture and labour, while simultaneously accelerating fiscal consolidation. Further, the government has also laid out a credible plan to achieve an even lower fiscal deficit of 4.5 per cent of GDP by FY26. The projected decrease in government borrowing, combined with the ongoing inflows related to India's bond index inclusion, is positive for fixed-income markets and will help reduce borrowing costs across the economy. Reining in the fiscal deficit also augurs well for a sovereign rating upgrade.
Denne historien er fra July 24, 2024-utgaven av Business Standard.
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Denne historien er fra July 24, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Volumes, margins lead to earnings upgrade for Page Industries
Page Industries reported sales growth of 11 percent in Q2FY25 and volume growth of 7 percent year-on-year (Y-o-Y).
With benchmarks becoming harder to beat, avoid very high-cost funds
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Sensex, Nifty fall for 2nd day on FPI selling
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NSE mulls launching new products to bolster commodities market
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Zinka Logistics sets price band for ₹1,115 cr IPO
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Swiggy IPO: QIBs do final-day heavylifting
Issue subscribed 3.6x as institutional investors swoop in on Day 3 to corner 90% bids
Adani Power cuts B'desh supply by more than 60%
Adani Power on Friday further reduced electricity supply to Bangladesh as the company seeks to recover more than $800 million in dues, according to data from Bangladesh's grid operator and two sources.
Beyond the syntax of national culture
This book is not just a masterly exploration of India's linguistic civilisation. More importantly, it serves as a timely warning against recent attempts at conducting the epistemic study of Indian languages through a narrow prism of singularity.
FORENSIC PROBE ALL SET TO BOOST CONVICTION RATE
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'Ek hai toh safe hai': Modi in first rally for Maha polls
Prime Minister Narendra Modi on Friday flagged the Congress' \"caste politics\" and cautioned the nation against it, while also accusing the grand old party of \"playing a dangerous game of pitting one caste against another\" for political gains.
