fiscal deficit News

February Sees a 9.1% Surge in GST Collections, Reaching 1.83 Lakh Crore: A Sign of Economic Resilience

February's GST collections in India surged by 9.1% to Rs 183,646 crore, driven by a significant rise in domestic collections. This growth reflects the country's economic resilience...

India's Core Sector Growth Shows Resilience in January Amid Varied Sector Performances

India's core sector growth remained steady in January with a 4.6% increase, supported by strong performances in cement and refinery products, despite a slight ease from December's ...

Strategic Fiscal Balancing: Emulating Dravid's Steadiness Over Pant's Aggression

The Centre has maintained fiscal consolidation despite challenges, with a revised fiscal deficit target of 4.8% of GDP for 2024-25. The budget outlines a strategic path to reduce t...

Union Budget 2025 Sparks Optimism: Bonds Set to Thrive Amid Government's Fiscal Discipline

The Union Budget 2025 has set a positive tone for the bond market with a fiscal deficit target of 4.4% for FY26 and conservative borrowing figures. Anticipations of a 25 basis poin...

India's Direct Tax Revenue Soars by 20%, Reaching Rs 21 Lakh Crore Milestone

India's direct tax collections have surged by 20% to Rs 20.6 lakh crore by January 12, with non-corporate taxes leading the growth. The government remains on track to meet its fisc...

Government Focuses on Enhancing Public Spending Quality Amid Global Economic Challenges

The Finance Ministry emphasizes improving public spending quality and strengthening social security amidst global economic challenges. The government aims to reduce fiscal deficit ...

South Korea's Fiscal Deficit Surges to 75.7 Trillion Won in First Ten Months

South Korea's fiscal deficit has surged to 75.7 trillion won from January to October, raising concerns about the country's fiscal health and economic stability. Despite increases i...