NEW DELHI: The Union government is confident of achieving the fiscal deficit target of 4.9% of the gross domestic product (GDP) or below in the current financial year, and may strive to bring fiscal deficit below 4.5% of GDP in the upcoming Union Budget through prudent expenditure management and buoyant revenue receipts, two officials aware of the matter said.
Adhering to the fiscal "glide path", the upcoming budget may continue to focus on high capital expenditure to attract private investments and adequately provide resources for vulnerable sections of the society since macroeconomic fundamentals are strong and there are enough resources for all key programmes, the people said, asking not to be named.
This story is from the January 01, 2025 edition of Hindustan Times Thane.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 01, 2025 edition of Hindustan Times Thane.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Rohit and Virat still have the hunger, says Gambhir
No one in the team will say it, but they are all surely thinking it.
HIL route to making India return
Many sidelined from the national squad have bounced back via the league, Rohidas being a shining example
Saurabh finds his touch at Nationals
For five years from 2018, Saurabh Chaudhary would hold his Morini pistol so steady and shoot with such precision that it was assumed the prodigiously talented youngster would win an Olympic medal for India.
EU Polls May Delay FTA Talks
Upcoming elections in several European Union (EU) member-states, including Germany, Romania, and Croatia, are expected to delay India's plans to finalize the free trade agreement (FTA) with the 27-nation bloc, two people aware of the matter said.
Guj, Andhra, Delhi Shine As Key Performers In Logistics
Gujarat, Andhra Pradesh, and Delhi have been identified as leading performers in India's logistics sector, according to a new report.
Foxconn Sees Record Revenue on AI Demand
Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.
Shipping to get infra status to push local shipbuilding
The government may grant infrastructure status to the shipping industry to help improve India's position to the top five countries globally in shipbuilding and ownership by 2047, two persons aware of the development said.
Central loans for state capex set to get easier
Govt may relax some of the reforms conditions to raise capex, growth
Europe: Snow, freezing rain bring widespread disruption
Heavy snow and freezing rain brought widespread disruption across Europe on Sunday, particularly in the UK and Germany, with several major airports forced to suspend flights.
Farage should quit as leader of right-wing Reform UK party: Musk
US billionaire Elon Musk said on Sunday that Nigel Farage should step down as the leader of Britain's right-wing Reform UK party in an abrupt withdrawal of support.
