Page 2 - Devendra Pant News Today

Increasing food price has raised India's annual inflation, raising central bank expectations of no rate cuts

India plans to lower its budget deficit by at least 50 basis points in 2024/25 from its target of 5.9% of GDP, while raising capital spending by up to 20%. This move is expected to depend on increased revenues and efforts to curb subsidies. The government is confident of meeting its 5.9% target for the current year ending on March 31.

The Centre is trying to raise capital spending on building infrastructure to as much as Rs 12 lakh crore from the current year's plan of Rs 10 lakh crore.

Pakistan wants to reduce the gap by reducing spending and boosting revenue collection

India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this years target of 5.9% of gross domestic product , while also looking to raise capital spending by as...

Despite the handsome growth in tax collections, there is a possibility of a fiscal slippage in FY24 because of higher spends on employment guarantee scheme and subsidies, a domestic rating agency said on Tuesday. India Ratings and Research, which is a unit of international rating agency Fitch

Discounted sale of rice via Safal, govt agencies, mobile vans

The government is considering introducing 'Bharat rice' at a discounted rate of Rs 25 per kilogram to tackle escalating food prices ahead of the general elections.

While higher tax and non-tax revenue collections are expected to more than offset any shortfall in disinvestment revenue in FY23-24 for India, higher-than-budgeted revenue expenditure triggered through the first and likely second supplementary demand for grants in combination with lower-than-budgeted nominal gross domestic product (GDP) will push the fiscal deficit to 6.0% of GDP, 10bp (basis points) higher than the budgeted 5.9%, says a research note.

Expansion of income support, crop insurance scheme likely