fiscal deficit

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    Discrepancies in Andhra State Borrowing Figures Highlighted

    Visakhapatnam, April 8 – Leader of the Opposition in the Andhra Pradesh Legislative Council, Botcha Satyanarayana, has written to Governor S. Abdul Nazeer, stating that the State Finance Department presented incorrect and incomplete information on government borrowings for 2024-25 and 2025-26 in...
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    Oil Prices and Inflation: Risks for India's Monetary Policy

    Mumbai, April 3 If crude oil prices remain above USD 100 per barrel, headline inflation is likely to exceed 6 per cent, the upper limit of the RBI's tolerance band, and trigger interest rate hikes, a foreign brokerage has said.Economists at HSBC said that consumer price inflation (CPI) will...
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    Fiscal Management Review: CAG Report on FY25 Liabilities

    New Delhi, April 2 The overall liabilities of the Union government increased during 2024-25 mainly due to an increase in public debt, CAG said in a report on Thursday."Internal debt and external debt increased by 8.35 per cent and 9.83 per cent, respectively, compared to 2023-24. At the end of...
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    Appropriation Bill Passes Amidst Opposition Walkout

    Bhubaneswar, March 31 – The Odisha Legislative Assembly passed the Appropriation Bill for the 2026–27 financial year on Tuesday, even as opposition MLAs staged a walkout.With its passage, the government obtained the legal authority to withdraw and spend the budgetary allocation of ₹3.10 lakh...
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    State Finances Audit: Odisha Faces Revenue & Debt Concerns

    Bhubaneswar, March 31 – The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024–25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax...
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    State Budget Increases by 7% – Odisha Assembly Votes

    Bhubaneswar, March 31 Amid a walkout by opposition MLAs, the Odisha Assembly passed an appropriation bill on Tuesday, allowing the state government to spend ₹3.10 lakh crore from its consolidated fund during the financial year 2026-27.Speaking in favor of the bill, Chief Minister Mohan Charan...
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    India's Finance Act 2026 Details Fiscal Targets and Infrastructure Boost

    New Delhi, March 31 – The government has notified the Finance Act 2026 to bring into effect the financial proposals of the Union Budget for 2026-27.A gazette notification issued by the Ministry of Law and Justice stated: "The Finance Act 2026 received the assent of the President on March 30...
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    Tax Provisions Shift: Govt. Implements Finance Act 2026

    New Delhi, March 31 The government has notified the Finance Act 2026, paving the way for changes in tax provisions.This Act implements the financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said."The...
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    Budget Breakdown: Himachal Pradesh Allocates Funds for 2026-27

    Shimla, March 30 The Himachal Pradesh Assembly passed the budget for 2026-27 and the related Appropriation Bill 2026 on Monday, authorizing the government to spend ₹58,830.30 crore from the consolidated fund.The revenue deficit in the budget presented by Chief Minister Sukhvinder Singh Sukhu...
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    Fiscal Deficit Narrowing, But Risks Remain - India

    New Delhi, March 30 The central government's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26, compared to 85.8 per cent in the year-ago period, according to government data released on Monday.The Centre estimates the...
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    Centre's Spending Exceeds Budget by February-End

    New Delhi, March 30 The Centre's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26, compared to 85.8 per cent in the previous year, according to government data released on Monday.The central government estimates the...
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    India's Economic Fundamentals Strong, Rupee Stable - Official Report

    New Delhi, March 30 Finance Minister Nirmala Sitharaman said on Monday that the country's economic fundamentals are strong, and that the Indian rupee is "doing very well" against the US dollar, compared to other emerging market economies.Since the outbreak of the West Asia conflict on February...
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    India to Borrow Heavily for Fiscal Deficit – Key Dates & Details

    New Delhi, March 27 The Centre is planning to mobilize Rs 8 lakh crore through dated securities during the April-September period of 2026-27 to fund the revenue gap, the finance ministry said on Friday.Gross Market Borrowings in BE 2026-27 were Rs 17.20 lakh crore. Since the Budget...
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    Sitharaman: No Lockdown Expected, Govt Focused on Stability

    New Delhi, March 27 There is no possibility of imposing a lockdown in the country, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Friday, and indicated raising additional resources to compensate for the shortfall arising from the excise duty cut on diesel and petrol.She also...
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    India to Issue Sovereign Green Bonds in FY27

    New Delhi, March 27 The Centre plans to raise Rs 8 lakh crore through dated securities during the April-September period of 2026-27 to bridge the revenue gap, the finance ministry said on Friday.Gross Market Borrowings in BE 2026-27 are estimated at Rs 17.20 lakh crore. Since the Budget...
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    Union Budget 2026-27: Key Provisions Approved

    New Delhi, March 27 – The Parliament on Friday passed the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha by voice vote, completing the legislative process to provide legal backing for the proposals of the Union Budget 2026-27, which will come into effect during the new...
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    Budgetary Exercise Completed: Sitharaman Addresses Economic Concerns

    New Delhi, March 27 Finance Minister Nirmala Sitharaman said on Friday that there is no proposal to impose a lockdown in the country in the wake of the West Asia war, and asked politicians to refrain from spreading rumors and creating a sense of fear among the people.The minister also said...
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    Budget 2026-27 Approved: Key Expenditure Details

    New Delhi, March 27 The Parliament on Friday passed the Finance Bill 2026, with the Rajya Sabha returning it to the Lok Sabha through a voice vote, completing the budgetary exercise for the next fiscal, which begins on April 1.The Lok Sabha had passed the bill on March 25, along with 32...
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    Omar Abdullah Thanks GoI for Additional Funding

    Jammu, March 26: Chief Minister Omar Abdullah expressed his gratitude to the Government of India for providing ₹5,000 crore as Additional Central Assistance to Jammu and Kashmir.He extended his sincere thanks to Prime Minister Narendra Modi, Union Home Minister Amit Shah, and Union Finance...
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    Karnataka Cuts Funds for Nutrition and Local Development

    Bengaluru, March 26 Due to the increasing trend in subsidies, the Karnataka government was forced to cut down its funds for some of its ongoing schemes, such as nutrition, assistance to local bodies and gram panchayats in rural development programmes, the CAG in its report.The Comptroller &...
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