Fiscal
- Delhi
Govt to seek Parliament’s nod for additional expenses for current fiscal
Delhi: The Government will on Monday seek Parliament’s approval for discussion and voting on supplementary demands for grants for the current fiscal. It will also seek approval for discussion and voting for…
- Business
GDP growth halved to 6.3% in Sep quarter of current fiscal
New Delhi: India’s GDP growth halved to 6.3 percent in September quarter of current fiscal from 13.5 percent growth recorded in June quarter, according to data released by the Ministry of Statistics…
- Automobile
Maruti Suzuki lines up Rs 5,000 cr capex for current fiscal
New Delhi: Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official. The…
- Business
India’s GDP growth expected at 7.8% next fiscal: Crisil
New Delhi: India’s gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil. According to the ratings agency, any potential upside…
- India
President gives assent to Act allowing govt to spend Rs 3.73 lakh cr extra during current fiscal
New Delhi: President Ram Nath Kovind has given his assent to the Appropriation (No. 5) Act, 2021 that authorizes the government to spend an additional Rs 3.73 lakh crore during the current…
- World
Japan to approve $314bn supplementary budget for stimulus package
Tokyo: Japan’s cabinet is set to approve a record 36 trillion yen ($314 billion) supplementary budget for fiscal 2021 on Friday to fund the government’s latest economic stimulus. The first extra budget…
- Business
RBI calls for targeted policy support for export
Mumbai: The Reserve Bank of India (RBI) has suggested that the government should boost exports with a targeted policy support on an urgent basis. In his statement post the Monetary Policy Committee’s…
- Business
‘Global fiscal deficit tripled in 2020 to $6.5 trillion’
Mumbai: As governments across the world raised their spending amid the pandemic to support economies along with the healthcare system, the global fiscal deficit marked a three-fold increase in 2020 to $6.5 trillion,…
- Business
India’s exports rise by 297 per cent in first week of April
New Delhi: India’s goods exports posted a 297.2 per cent increase (year-on-year) in the first seven days of this fiscal to $6.79 billion and by 8.42 per cent (YoY) over the corresponding…
- Business
Indian economy to grow at historic 12.5%, but COVID wave ‘concerning’: IMF
United Nations: India’s economy is projected to grow at the historically high level of 12.5 per cent this fiscal year, but the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath cautioned that the…
- Top Stories
Indian economy expected to contract by 9.6 percent in 2020-21: World Bank
Washington: India’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover…
- Business
GDP growth maybe near zero this fiscal: Nirmala Sitharaman
New Delhi: Even as there are visible signs of revival in the economy, the growth of Gross Domestic Product (GDP) may be in the negative zone or close to zero, said Finance Minister…
- Pakistan
Pakistan plans Rs 600 bn PSDP for next fiscal
Islamabad: The Pakistan Finance Ministry has indicated an allocation of Rs 600 billion for the Public Sector Development Programme (PSDP) for the next budget that will keep the planning ministry walking a…
- India
RBI to switch to April-March accounting year from next fiscal
New Delhi: Over eighty years after it was set up, the Reserve Bank of India on Saturday decided to follow April-March fiscal year, and not the current July-June, as its accounting year to…
- Business
Indian economy to make gradual recovery by next fiscal
New Delhi: The Indian economy is expected to make a gradual recovery by the next fiscal in the backdrop of easing of global trade tensions and improved transmission, said Confederation of Indian…
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