fiscal policy

New Delhi, March 28 – Chief Economic Advisor V. Anantha Nageswaran said on Saturday that, given the considerable impact of the West Asia conflict on India’s economy, the country should leverage the fallout to redouble its recent reform efforts to enhance India’s competitiveness and preparedness...

Mumbai, March 27 Maharashtra Deputy Chief Minister Eknath Shinde on Friday said the Centre's decision to reduce the special additional excise duty on petrol is a masterstroke that will provide relief to citizens.In a post on X, Shinde accused the Opposition of instilling fear among people that...

Mumbai, March 27 The Reserve Bank on Friday fixed the limit for Ways and Means Advances (WMA) for the first half of 2026-27 at ₹2.5 lakh crore to help the central government meet any temporary mismatch in receipts and payments.The Reserve Bank of India may initiate fresh issuance of market...

Union Information and Broadcasting Minister Ashwini Vaishnaw stated that the government has absorbed fiscal losses to provide relief to its citizens in the face of the global crisis. In a social media post, the Minister praised the government's decision to reduce excise duty on petrol and diesel...

New Delhi, March 26 A surge in global crude oil and natural gas prices amid the West Asia conflict is likely to complicate India's fiscal position in FY2027, potentially increasing subsidy burdens and putting pressure on revenues, ratings agency ICRA said.Crude prices have more than doubled...

Islamabad, March 24 – If the war in Iran does not end quickly, it could deliver the most devastating shock to Pakistan's economy in living memory, according to a report. Pakistan remains particularly vulnerable to the evolving fallout of the war, and its economy faces several challenges...

New Delhi, March 24 Exports supported under the RoDTEP scheme are estimated to have grown at over 20% CAGR between 2023-24 and 2025-26, despite global headwinds such as weak demand, freight volatility, rising protectionism, and geopolitical uncertainties, an official said on Tuesday.At the...

Shimla, March 24 It is acceptable to withhold a larger portion of MLAs' salaries rather than cutting the MLA Area Development Fund, said BJP MLA Randhir Sharma while participating in the budget discussion on Tuesday.The current government has incurred more debt in three years than all previous...

New Delhi, March 24 – The decision to enter another IMF funding arrangement has been a subject of ongoing debate in Pakistan, as the country has already turned to the multilateral lending institution as many as 24 times for bailout packages to address its macroeconomic vulnerabilities...

Hyderabad, March 22 Telangana's total debt, including that of its entities and government guarantees, stood at Rs 8 lakh crore as of December 2025, according to the Socio-Economic Outlook 2026 released by the state government.The state government said that from December 2023, when the Congress...

Shimla, March 21 Himachal Pradesh is facing a challenging economic period as the Revenue Deficit Grant (RDG) has been discontinued, but there is no financial emergency, Assembly Speaker Kuldeep Singh Pathania said here on Saturday.Speaking to reporters after the budget was passed in the...

Shimla, March 21 – In a first in the state's history, Himachal Pradesh has reduced its budget size by ₹3,586 crore, with the outlay down to ₹54,928 crore for 2026-27 from the current fiscal of ₹58,514 crore.Justifying the decision, Chief Minister Sukhvinder Singh Sukhu, in his budget speech...

On Tuesday, Finance Minister Nirmala Sitharaman stated that domestic LPG production is being increased to ensure cooking gas supplies to households, as imports have been disrupted due to the ongoing war in West Asia.India has sufficient fertilizer availability for the upcoming Kharif season...

Agartala, March 17 The Tripura Pradesh Congress Committee (TPCC) president, Asish Kumar Saha, alleged on Tuesday that the BJP government has been pushing the northeastern state towards a "mountain of debt.""The state government's budget, presented in the Tripura Assembly on Monday, was the...

New Delhi, March 17 Opposition MPs in the Rajya Sabha on Tuesday alleged that the LPG crisis caused by the West Asia conflict has exposed that the Modi government has no energy security policy and raised questions about the establishment of a Rs 1 lakh crore Economic Stabilisation Fund.Finance...

New Delhi, March 15 – Negotiations between Pakistan and the International Monetary Fund (IMF) over the release of a $1 billion tranche have reportedly stalled again due to the country's weak tax collection and doubts about the credibility of the current budget, reports said.The IMF has once...

Perambalur (Tamil Nadu), March 12 Tamil Nadu Deputy Chief Minister Udhayanidhi Stalin reiterated the ruling DMK's election promise to double the monthly entitlement grant for women to Rs 2,000 if the party is re-elected.Addressing a government function here to mark the birth centenary of...

Seoul, March 12 – South Korean President Lee Jae Myung instructed his aides on Thursday to quickly prepare an additional budget to help stabilize people's livelihoods and promote economic recovery, as the nation's economy braces for the impact of escalating conflict in the Middle East.Lee made...

Washington, March 12 – The US is heading towards an unsustainable debt trajectory that could trigger global financial shocks, economists have warned lawmakers during a Senate hearing, raising concerns that rising American deficits may push up global interest rates and ripple through emerging...

New Delhi, March 10 The government on Tuesday sought Parliament's approval to spend an additional net amount of Rs 2.01 lakh crore in the current fiscal year ending March 31, with a significant portion of the expenditure allocated to food and fertilizer subsidies.According to the second batch...