fiscal policy

Islamabad, March 9 According to a report on Monday, Pakistan has approached Saudi Arabia with a series of requests for long-term economic support, including converting existing short-term deposits of USD 5 billion into a 10-year long-term facility, as well as requests to enhance the deferred...

New Delhi, March 9 India could face an additional foreign currency outflow of USD 7-8 billion per month due to the surge in international energy prices, following the conflict in West Asia, raising concerns over inflation and the current account deficit, analysts said.While crude oil prices...

Mumbai, March 9 The government has purchased G-secs worth Rs 6,309 crore through the auction conducted by the Reserve Bank of India (RBI), and has also issued bonds worth Rs 6,431.797 crore, according to a release.Government securities (G-Secs) are low-risk debt instruments issued by the...

New Delhi, March 9 The impact of rising global crude prices on inflation is not expected to be substantial at this point, as India's inflation is near the lower bound, Finance Minister Nirmala Sitharaman said on Monday.In response to a written question in the Lok Sabha, Sitharaman said that...

Mumbai, March 9 – Maharashtra’s Medium Term Fiscal Policy (MTFP) statement for 2026-27 presents a picture of a state trying to manage a rising debt burden through aggressive infrastructure spending.Although the headline figures suggest fiscal discipline, the underlying numbers indicate...

Chandigarh, March 8: Leader of the Opposition in the Punjab Assembly, Partap Singh Bajwa, on Sunday criticised the budget presented by Finance Minister Harpal Cheema, stating that "it is nothing more than a collection of grand announcements aimed at creating headlines while completely ignoring...

Chandigarh, March 8 – Punjab Finance Minister Harpal Singh Cheema presented the fifth budget of the Aam Aadmi Party (AAP) government for 2026-27 on Sunday, proposing a total outlay of Rs 260,437 crore and projecting the state's GSDP at Rs 980,635 crore with an estimated growth rate of 10 per...

Chandigarh, March 8 – Nearly four years after coming to power on a promise of financial assistance to women, the AAP government in Punjab announced a new scheme on Sunday under which women would receive ₹1,000 or ₹1,500 per month directly into their accounts.Around 97 per cent of all adult...

In Chandigarh, March 8, the Aam Aadmi Party (AAP) government in Punjab announced a monthly financial assistance of Rs 1,000 for women in the general category and Rs 1,500 for Scheduled Caste (SC) women under the Mukhya Mantri Mawan Dhiyan Satikar Yojana, fulfilling one of its key election...

Chandigarh, March 8 Every promise made to the people of Punjab has been fulfilled, Finance Minister Harpal Singh Cheema said on Sunday as he presented the state's budget for 2026-27 with an allocation of Rs 2,60,437 crore.This is the last budget of the AAP government in Punjab before it goes...

Mumbai, March 7 – The Shiv Sena (Uddhav Balasaheb Thackeray) raised serious concerns on Saturday regarding the state's "deteriorating" financial health."Maharashtra is currently grappling with a massive debt estimated between Rs 9.5 to Rs 10 lakh crore," the party said.While Chief Minister...

Panaji, March 6 The recent global economic situation is expected to have a significant impact on Goa's economy, which is heavily reliant on the service sector, Chief Minister Pramod Sawant said on Friday while presenting the budget for 2026-27 in the assembly.Speaking in the House, the CM...

Mumbai, March 6 – Maharashtra's total debt is projected to exceed Rs 11 lakh crore in 2026-27 as the state continues to borrow to fund infrastructure projects and welfare schemes, government officials said on Friday.According to the state government's budget documents, Maharashtra's total debt...

New Delhi, March 6 – The mismanagement of Pakistan as a political entity by its ruling elite has led the country to periodic crises, which have been both political and economic in nature. This economic turmoil has necessitated 25 IMF programs, each of which has exacerbated Pakistan's structural...

On March 6, Chief Minister Siddaramaiah stated that it is crucial for the Centre to consider the perspectives of globally integrated states like Karnataka when formulating trade policies, given recent developments related to tariff measures and evolving trade arrangements.Presenting the...

Mumbai, March 4 The conflict in the Middle East poses some immediate challenges for the Indian economy, but it is unlikely to significantly impact long-term economic growth, according to an external member of the RBI's rate-setting panel.Moving forward, there is a need for coordinated fiscal...

Chandigarh, March 3 Punjab Finance Minister Harpal Singh Cheema said on Tuesday that the AAP government has reduced the debt-to-GSDP ratio to 44.47 per cent, a decrease of four percentage points, and also claimed that it was spending 85 per cent of its borrowings on servicing old debt raised by...

Chandigarh, March 2 – Reinforcing Haryana’s commitment to fiscal prudence and development-led growth, Chief Minister Nayab Singh Saini presented the state’s budget for 2026-27 on Monday, emphasizing seven key pillars that underscore disciplined financial management and a significant increase in...

Islamabad, February 25 As the International Monetary Fund (IMF) review mission arrived in Pakistan on Wednesday, the country's Finance Minister Muhammad Aurangzeb expressed hope for a successful review that would lead to the release of a USD 1.2 billion tranche.The staff mission will conduct...

Gandhinagar, February 24 – Gujarat has recorded an economic growth rate of 7.4 percent, surpassing the national average of 6.5 percent, according to details released by the state’s Finance Department. The department also outlined the government’s fiscal position and expenditure priorities for...