deficit

The country's foreign exchange reserves had declined by $1.71 billion to $652 billion in the week ended June 28, but have bounced back to resume last week's rising trend.The increase in foreign exchange reserves reflects the strong fundamentals of the economy and gives more scope to the RBI to...

In its report on state finances for the year ended March 31, 2023, tabled in the state Assembly on Friday, the CAG said the ratio of revenue deficit to fiscal deficit indicates the extent to which borrowed funds were utilised. for current consumption.However, the persistently high ratio of...

Mumbai: The new government's economic vision and management of the "political issue" will be among the key aspects to consider in the upcoming Union Budget, a Japanese brokerage said on Thursday.The brokerage said the second half of the year will see "moderate returns" on the equity front and...

"The budget is expected to remain in deficit in 2024 and 2025. South Korea needs to restrain spending until next year," the OECD said in its biennial economic report on South Korea released that day, Yonhap news agency reported."The government needs to adopt the proposed fiscal rules and...

The state cabinet, headed by Chief Minister Eknath Shinde, gave its approval after Finance Secretary Saurabh Vijay presented the Finance Department's proposal in this regard.The supplementary demands will be necessary as the government will urgently need money to allocate funds for populist...

New Delhi: Heavy rains across much of India have made up for the June deficit, putting overall monsoon rainfall in the surplus category.According to the India Meteorological Department (IMD), further bouts of heavy to very heavy rain are likely to occur over northwest India and western parts...

New Delhi: An upgrade of India's sovereign rating is possible in the next 24 months if the central government is able to prudently manage its finances and reduce the fiscal deficit to 4 percent of GDP, an S&P Global official said on Wednesday. Ratings.S&P Global Ratings head of sovereign...

New Delhi, India, recorded below-normal rainfall in June, with a deficit of 11 percent, the highest in five years, the India Meteorological Department said on Monday.According to IMD data, the country received 147.2 mm of rainfall against a monthly average of 165.3 mm, the seventh lowest...

Mumbai, Healthy rise in country's exports, improvement in current account deficit (CAD) and focus on manufacturing expansion will help Indian economy register healthy growth rate, Commerce and Industry Minister said , Piyush Goyal.He was here to participate in a gem and jewelry industry...

Mumbai, India's exports of goods and services are expected to cross $800 billion this fiscal year despite global challenges, Commerce and Industry Minister Piyush Goyal said on Saturday.In 2023-24, shipments amounted to $778.2 billion (goods $437.1 billion and services $341 billion).He said...

Net tax revenue in April-May stood at Rs 3.19 lakh crore, or 12 per cent of the annual target, higher than the figure of Rs 2.78 lakh crore in the same period last year.The total expenditure of the government during the same period was Rs 6.23 lakh crore i.e. about 13 percent of the annual...

New Delhi: The central government's fiscal deficit was only 3 per cent of the annual estimate in May-end 2024-25, the first two months of the financial year during which the Model Code of Conduct was in force due to the Lok Sabha elections.The fiscal deficit or the difference between the...

Ranchi: The south-west monsoon covered entire Jharkhand on Friday despite a rainfall deficit of 69 per cent, while five districts witnessed a deficit of more than 80 per cent, a weather department official said.Although the monsoon arrived on June 21, 11 days later than normal, it took about...

In a bid to reach out to women, youth, Muslims, Dalits and farmers, especially in the backdrop of dismal results in the Lok Sabha elections, Minister Pawar will raise a series of populist slogans.Top ministers claim that Chief Minister Eknath Shinde has a huge say in formulating the budget and...

According to the Economic Survey 2023-24 presented in the Maharashtra Assembly on Thursday by Deputy Chief Minister Ajit Pawar, although public debt has increased to 17.6 per cent of gross state domestic product (GSDP) against 16.5 per cent, it is well within the range of Rs. The prescribed...

Kolkata: India's current account surplus in the fourth quarter of FY 2023-24 was supported by a narrowing in goods trade deficit, growth in remittances and a surplus in services trade, according to a CRISIL report released on Wednesday.In the fourth quarter of the last financial year, the...

New Delhi [India], India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, equivalent to 0.6 percent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024 , according to a recent CRISIL report.This is a significant change from the...

Ranchi: Jharkhand has seen a 67 per cent rainfall deficit so far in June due to the slow progress of the south-west monsoon, while five districts have seen a deficit of more than 80 per cent, a weather department official said on Tuesday.He said the monsoon entered the state on June 21, 11...

Mumbai, India, posted a current account surplus of $5.7 billion or 0.6 percent of GDP in the March quarter, the Reserve Bank of India said on Monday.In the same period last year, the current account deficit stood at $1.3 billion or 0.2 percent of GDP, and the same was $8.7 billion or 1 percent...

The fall in the current account deficit (CAD) reflects a strengthening of economic fundamentals as India closed the financial year on March 31, with an accumulation of $63.7 billion in foreign exchange reserves.Net receipts of invisibles were higher during 2023-24 than a year ago, primarily...