The central government’s fiscal deficit fell sharply to 0.8 per cent of the full-year target at the end of May 2025, aided by a record Rs 2.69 lakh crore dividend received from the Reserve Bank of India, according to data released by the Controller General of Accounts (CGA).In April, the fiscal deficit stood at 11.9…
The Employees’ Provident Fund Organisation (EPFO) settled nearly half of all claims filed this fiscal within just three days, significantly speeding up service delivery, a senior official said on Wednesday. The official attributed the acceleration to automation and said further gains are expected as the upper limit for automated settlement is set to be raised…
Moody’s on Friday cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similarly rated sovereigns, in a move that marks the end of an era as Moody’s was the last major agency to maintain a triple-A rating for US sovereign debt. The downgrade to “Aa1” from…
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…
Earlier this month, when New Orleans Mayor LaToya Cantrell announced that she intended to renege on a $20 million settlement with the Orleans Parish School Board, she said the city couldn’t afford it. The settlement with the school board was brokered last fall by the New Orleans City Council and Cantrell’s own top deputy, Chief…
NEW DELHI: Bajaj Auto is gearing up to enter the domestic e-rickshaw segment by the end of this fiscal to tap a ‘sizable opportunity’ in a fast-growing but highly unorganised market, according to a top company official. The company expects to get regulatory clearances towards the end of the ongoing quarter for its e-rickshaw that…
NEW DELHI: Finance minister Nirmala Sitharaman said Saturday that coordinated fiscal and monetary actions by govt and RBI will help boost consumption and there are initial signs of a good order book for the first quarter of the next fiscal year, which will help boost private investment.“After the budget, the few inputs I have received…
NEW DELHI: With RBI cutting policy rates for the first time in five years, govt is set to lower rates on small savings schemes, such as Public Provident Fund (PPF), during the next financial year.While the next review, covering the April-June quarter, is due on March 31, the finance ministry may not go for an…
MUMBAI: RBI has forecast a growth of 6.7% for FY26 while cutting its growth estimate for FY25 to 6.4%, lower than the 6.6% projection made in its financial stability report released in Dec 2024. The central bank also predicts inflation to average 4.2% in FY26, staying within the target zone (2-6%).In his maiden monetary policy…
NEW DELHI: Odisha, Chhattisgarh, Goa, Jharkhand and Gujarat have emerged as the top performing states in the fiscal health index, compiled by govt think tank Niti Aayog.Punjab, Andhra Pradesh, West Bengal, Kerala and Haryana figure at the bottom of the table. The performance of the states have been put under four categories – achievers, front…