MUMBAI: Government bond yields hardened on Monday, with the benchmark 10-year paper closing at a more than one-year high as a larger-than-expected borrowing programme weighed on demand ahead of the policy meeting, even as the rupee posted its best gains since Dec.The benchmark 10-year yield settled at around 6.77%, sharply higher than the previous session…
NEW DELHI: The government is likely to achieve the fiscal deficit target of 4.4 per cent of the GDP in FY26, and it could even better it, a positive signal to global investors about India’s commitment to fiscal management, PwC Partner and Economic Advisory Services leader Ranen Banerjee said.The revision in the nominal GDP growth…
NEW DELHI: The latest GDP numbers at current prices will provide cheer to the Centre’s budget team as it works out the final set of numbers for the current fiscal year.Although the nominal GDP growth was estimated at 8%, slower than the 10.1% assumed at the time of presenting the budget, the latest data released…
Finance minister Nirmala Sitharaman expressed confidence that higher consumption will generate enough revenue to cover the estimated Rs 48,000 crore shortfall in Goods and Services Tax (GST) collections after the latest rate cuts. Hence, she stressed, public finances will remain unaffected and the move would rather boost GDP growth.She added that the consumption lift from…
NEW DELHI: Govt is working on an action plan to mitigate the impact of a steep tariff hike of 50% imposed by the US on Indian shipments, economic affairs secretary Anuradha Thakur said.“There are certain employment-heavy sectors which do have exposure to the US and to that extent may get affected. Govt is well aware…
Economic Affairs Secretary Anuradha Thakur on Saturday said the government remains on track to achieve its fiscal deficit target of 4.4 per cent of GDP for 2025-26, despite concerns triggered by the latest monthly numbers.The statement came as the Centre’s fiscal deficit touched 29.9 per cent of the full-year target by end-July, sharply higher than…