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The Centre achieved its fiscal deficit target of 4.4 per cent of GDP for 2025-26, according to provisional data released by the Controller General of Accounts (CGA) on Monday, marking an improvement from the previous financial year’s deficit level, PTI reported.The fiscal deficit for FY26 was estimated at Rs 15,68,936 crore in the Budget and…
The Confederation of Indian Industry (CII) urged the government to focus on institutional reforms and fiscal consolidation in the upcoming 2026-27 budget to maintain India’s growth momentum. The industry body presented these recommendations on Thursday, emphasising debt sustainability, fiscal transparency, revenue collection, and spending efficiency as key areas for improvement.“India has achieved a rare convergence…
The Reserve Bank of India (RBI) could reduce policy rates once more before the year ends, according to a new report by Goldman Sachs. Recent GST simplifications and easing of domestic regulations suggest that the period of strict fiscal tightening is over, potentially supporting a gradual recovery in credit demand. “We expect an additional policy…
