Category : Search result: fiscal targets

IMF Praises India's 7.8% Growth, Urges Fiscal Discipline

IMF Lauds India's Strong Economic Performance

IMF applauds India's 7.8% growth in FY26's first quarter, endorsing RBI's monetary policy while recommending accelerated structural reforms for sustained development.

India's Economy to Grow 6.5% in FY26, Says S&P Global

S&P: India's Economy to Grow 6.5% in FY26

S&P Global forecasts India's economy will expand by 6.5% this fiscal year, driven by strong domestic demand. A potential US trade deal could further boost growth. Read more.

S&P Projects India's GDP Growth at 6.5% in FY26, 6.7% in FY27

India's Economy on Strong Growth Path: S&P

S&P Global Ratings forecasts robust 6.5% GDP growth for India in FY26, rising to 6.7% in FY27. Tax cuts and monetary easing to fuel consumption-led expansion despite global headwinds. Read more.

Two BLOs Die in MP, Kin Blame SIR Survey Work Pressure

Two BLOs Die in MP, Kin Blame Work Pressure

Two teachers serving as BLOs died across Madhya Pradesh districts. Family members allege excessive workload and pressure from SIR survey caused the fatalities. Read the full investigation.

India's CAG Mandates Uniform Government Spending Classification by FY28

CAG Orders Uniform Government Expenditure Classification

India's CAG directs all states to adopt uniform expenditure classification by FY 2027-28, ending decades of inconsistent accounting practices. This reform will enable transparent financial reporting and better fiscal management across states.

GST Revenue Set for 10% Rebound in November After October Dip

GST Revenue to Rebound Strongly in November

India's GST revenue growth is expected to surge to 10% in November, recovering from an October slowdown caused by September's historic tax reforms. The government anticipates sustained buoyancy.

8th Pay Commission: Fiscal Impact & Wage Inequality Concerns

8th Pay Commission: Fiscal Impact Analysis

India's 8th Pay Commission brings 20-25% salary hikes for government employees but raises concerns about fiscal health and widening wage inequality. Learn about the economic implications.

Election Freebies Push Indian States to Fiscal Brink: Data Reveals Crisis

Election Promises Push Indian States to Fiscal Brink

Indian states face severe fiscal strain as election welfare spending surges, with Bihar's schemes costing 4% of GDP. Capital expenditure lags while deficits rise across poll-bound states. Read analysis.

Meghalaya Cabinet Approves Fiscal Deficit Increase to 3.5% of GSDP

Meghalaya Cabinet Approves Fiscal Deficit Increase

Meghalaya's cabinet approves key amendments, allowing a fiscal deficit increase to 3.5% of GSDP and new job quotas for casual workers. Discover the full implications for the state's economy.

Bihar's Election Cash Flood: Can India's Poorest State Afford the Promises?

Bihar Election Cash Promises Strain State Finances

As Bihar elections approach, political parties flood voters with cash promises despite the state's fragile finances. Analysis reveals unsustainable freebies that could worsen economic conditions.

FM Sitharaman Consults Economists for FY27 Budget Strategy

FM Meets Economists for FY27 Budget Consultations

Finance Minister Nirmala Sitharaman holds pre-budget consultations with leading economists to shape India's economic roadmap for FY27. Key focus on growth, inflation and fiscal management.

India's Net Direct Tax Collection Jumps 7% to Over ₹12.9 Trillion

Direct Tax Collection Up 7%, Refunds Down 17.7%

India's net direct tax collection surges 7% to over ₹12.9 trillion for the current fiscal year, while refunds see a significant 17.7% decline. Get the full details on this economic boost.

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