New Delhi: The Centre’s fiscal deficit until February in this financial year touched 85.8% of the revised annual target, compared with 86.5% a year before, thanks to tight spending, particularly capital expenditure, showed official data released on Friday.The data bolsters chances of the government meeting its fiscal deficit target of 4.8% of gross domestic product…
The Minnesota Timberwolves completed a fearless comeback win for the ages Monday night. Minnesota erased a 25-point third-quarter deficit against the Western Conference’s top-seeded Oklahoma City Thunder (46-11) to pick up a 131-128 overtime road victory at Paycom Center. With the win the Wolves (32-27) snap a two-game skid and, more importantly, inch closer to…
Maryland education advocates rallied in Annapolis on Monday to protest proposed rollbacks to the Blueprint for Maryland’s Future. The protest comes amid financial challenges, as state authorities consider spending cuts to address budget deficits. The state currently faces a significant $3 billion deficit. Governor Wes Moore’s plan aims to restructure the way education is funded…
The US government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three months of the 2025 fiscal year, the US Treasury Department said on Tuesday. The Treasury, releasing its final budget report before President-elect Donald…
NEW DELHI: India will not reduce the number of its troops deployed along the Line of Actual Control with China anytime soon, General Upendra Dwivedi said on Monday, asserting there is still “a degree of standoff” persisting between the rival armies and the two countries need to rebuild trust to de-escalate overall tensions.The Army chief…
India have a new hero – Nitish Kumar Reddy. The 21-year-old cricketer made history with a defiant maiden century, cheered on by a large contingent of Indian supporters at the Melbourne Cricket Ground. Nitish displayed remarkable grit and determination, taking 172 balls to reach the milestone with 10 fours and one six, as he fought…
MUMBAI: India’s current account deficit narrowed to 1.2% of GDP in Q2 FY25, slightly below the 1.3% in the year-ago period, according to RBI data. This was despite significant worsening of the trade deficit. In absolute terms, the CAD declined to $11.2 billion in Q2 FY25 from $11.3 billion in the same period last year,…
NEW DELHI: Flagging trade deficit and imports hitting record high, Leader of Opposition in Lok Sabha, Rahul Gandhi on Wednesday hit out at the Centre for the economic woes, claiming it was a result of the government prioritising “crony” businesses over play-fair ones.“What happens when a government prioritises crony businesses over play-fair businesses? Result: Weakened…
NEW DELHI: India’s trade deficit widened to a record $37.9 billion in Nov as imports hit an all-time high of almost $70 billion on soaring gold imports, while exports fell as a decline in petroleum shipments wiped out the gains from non-oil exports.In Nov, gold shipments into the country soared over four times to $14.9…