Going forward, the thrust will be on improving the quality of public spending, while at the same time, strengthening the social security net for the poor and the needy. "This approach would help further strengthen the nation's macro-economic fundamentals and ensure overall financial stability," the ministry said.
The comments were part of the ministry's statement on "Half Yearly Review of the Trends in Receipts and Expenditure" in relation to the Budget at the end of the first half of FY25.
The Union Budget for the upcoming financial year, FY26, will be presented in Parliament on February 1, 2025. For the current financial year, the government has pegged a fiscal deficit target of 4.9% as a percentage of the gross domestic product (GDP). But analysts say the actual figure could be slightly lower due to low spending on capex.
The ministry further said that the Budget for FY25 was presented in the backdrop of global uncertainties caused by the wars in Europe and West Asia.
Denne historien er fra December 24, 2024-utgaven av Financial Express Hyderabad.
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Denne historien er fra December 24, 2024-utgaven av Financial Express Hyderabad.
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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A middle-class meltdown
Economic shift, stagnating real income post Covid weigh on spending on daily items
Shyam Benegal cremated with full state honours
VETERAN FILMMAKER SHYAM Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute.
Net gains: Secured Virat, cautious Rohit gear up
INDIA GOT a chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.
Champions Trophy: India to play Pakistan on Feb 23
INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.
Local satellites push draws 30 aspirants
The applicants for INSPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.
Labour-intensive exports: Gains likely to be short-lived
India's textile export growth is likely to be short-lived despite a recent surge, driven by factors such as a volatile rupee and unrest in competing nations like Bangladesh. While this presents opportunities for Indian companies, long-term gains require increased competitiveness and product diversification.
₹2-cr fine on Deloitte Haskins for Zee audit
In September 2018, the chairman of ZEEL, who is also the promoter of Essel Group of Companies, issued a letter to Yes Bank, and committed ₹200 crore of fixed deposit (FD) of ZEEL as a guarantee for the loans given by the bank to group company Essel Green Mobility.
Walking into a minefield
Even though she made a very strong pitch that funds will move away from the regulated markets towards crypto and similar assets, if bourses don't move towards instantaneous settlement, neither brokers, nor the exchanges made a real effort to back her.
EAM in US to boost bilateral ties
IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.
Economists for FTAs, land & labour reforms
RCEP was signed by the group of countries in November 2020 except India.
