fiscal policy

New Delhi, April 10 The Asian Development Bank (ADB) on Friday projected India's GDP growth to remain "robust" at 6.9 per cent in the current fiscal year, and rise to 7.3 per cent in the next fiscal year, driven by strong domestic demand, and supported by easing financing conditions and lower US...

Washington, April 10 – Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president, Ajay Banga, warning that prolonged conflict could dampen growth, fuel inflation, and strain vulnerable economies.Speaking at the Atlantic Council, World Bank...

Washington, April 9 IMF Managing Director Kristalina Georgieva on Thursday urged central banks grappling with the impact of the US-Israel war on Iran to fight inflation even at the cost of growth, arguing that "pain is an unavoidable consequence of any conflict".In her address at the IMF...

Washington, April 9 – A global oil shock linked to the Middle East conflict is set to hit growth and fuel inflation across energy-importing economies, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Thursday.In her opening speech ahead of the IMF's Annual...

New Delhi, April 9 The World Bank said on Thursday that India is well-positioned to weather the current global energy shock, with ample buffers, including high foreign exchange reserves, fiscal space, and low inflation, which will support growth despite global headwinds.Addressing a conference...

New Delhi, April 9 India has consistently demonstrated remarkable resilience during global crises, not only surviving them but also transforming through the turbulence to emerge stronger, said Shaktikanta Das, Principal Secretary to the Prime Minister, on Thursday.Addressing the AIMA National...

Washington, April 9 – Pakistan is facing mounting debt pressures, weak growth prospects, and persistent structural vulnerabilities, which threaten its economic stability, the World Bank said.The report highlighted that economies with high public debt, limited fiscal space, and heavy external...

Kolkata, April 8 Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, said on Wednesday that the Indian Rupee is expected to stabilize at the 92-93 level against the US dollar, and he expressed optimism that foreign investment flows will improve in the near...

Finance Minister Nirmala Sitharaman stated today that India's tax system has evolved towards simplification, technology, trust, and transparency, which are strengthening fiscal capacity. Addressing the Golden Jubilee celebrations of the National Institute of Public Finance and Policy in New...

New Delhi, April 6 – India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday.Addressing the golden jubilee celebrations of the National Institute of Public Finance and...

New Delhi, April 6 – Finance Minister Nirmala Sitharaman stated on Monday that fiscal prudence has given the government the flexibility to maintain capital expenditure (capex) and support sectors affected by the crisis in West Asia.Furthermore, she said that the Reserve Bank can consider...

Addis Ababa, April 6 – The African Union (AU) and its partners have warned that the ongoing Middle East conflict poses a "serious risk" to African economies.In a joint policy brief, the AU, the United Nations (UN) Economic Commission for Africa, the African Development Bank, and the UN...

Thirumangalam/Virdhunagar (Tamil Nadu), April 5 Launching a scathing attack on the BJP-led Centre, Tamil Nadu Chief Minister M K Stalin on Sunday accused the BJP of harboring "hatred" toward the state by "consistently depriving" it of its fair share of tax revenue."After taking our money, you...

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...

Colombo, Apr 2 Sri Lanka has met all the targets set under the IMF's Extended Fund Facility program, President Anura Kumara Dissanayake said on Thursday.He made the remarks during a meeting with an International Monetary Fund (IMF) delegation, which is visiting the island nation for a combined...

Mumbai, Apr 1 US tariff orders are likely to moderate India Inc's credit profiles in the second half of FY26, and the West Asia conflict, especially its duration, will play a crucial role in determining how it pans out in the future, rating agencies said on Wednesday.Crisil Ratings, which...

New Delhi, April 1 Factors such as regional conflict and the temporary closure of the Strait of Hormuz account for only a portion of the increase in fuel prices in Pakistan, according to a new report, which emphasizes that the majority reflects "structural mismanagement, delayed reforms, and...

New Delhi, April 1: Pakistan’s economy faces significantly greater risks associated with the ongoing Middle East crisis, as the impact on the general public is considerably higher than on those nations that do not have to meet strict IMF conditions due to loans taken from the multilateral...

Mumbai, April 1 Amid the West Asia conflict, domestic rating agency Crisil on Wednesday estimated that banks' credit growth would moderate marginally in FY27 and delinquencies would rise.The banking system is expected to report a 13 per cent credit growth in 2026-27, a marginal dip compared to...

New Delhi, April 1 The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in...