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Centre projected to bring down the fiscal deficit to 5.9% Of GDP in FY24 New Delhi: The central government’s fiscal deficit touched 39.3 per cent of the full-year target in the first half of the current financial year, slightly higher than 37.3 per cent recorded in the year-ago period. In actual terms, the fiscal deficit,…
Read More “Centre’s Fiscal Deficit Touches 39% Of Full-Year Target In FY24’s 1st Half” »
Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Photo used for representation purpose only. File | Photo Credit: G.N. Rao Output from India’s eight core sectors grew 8.1% in September, led by sharp upturns in coal, steel and electricity production, even as crude oil slipped back into contraction mode after two months of growth. While September’s growth rate for core sectors is the…
Read More “Eight core sectors output grow 8.1% in September” »
A view of a forex trading firm in Mumbai. File | Photo Credit: Reuters The rupee settled flat at 83.26 (provisional) against the U.S. dollar on October 31 as weak domestic equity markets and sustained foreign fund outflows weighed on investor sentiments. However, a decline in crude oil prices supported the local currency amid geopolitical…
Read More “Rupee settles flat at 83.26 against U.S. dollar” »
A file photo of BSE building in Mumbai. | Photo Credit: Reuters Equity benchmark indices snapped two days of rally to settle lower on October 31 amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investors were cautious ahead of the US Federal Reserve’s interest rate decision. The 30-share BSE Sensex…
Pakistan’s gold demand fell 11% to 11.6 tonne during the third quarter of 2023 from 13 tonne in the year-ago period, while Sri Lanka’s gold demand rose substantially to 2.4 tonne from 0.3 tonne. (Representational image only.) | Photo Credit: Reuters Global gold demand declined by six per cent to 1,147.5 tonne during the third…
Read More “Global gold demand drops 6% in Q3; India, China demand up” »
Air India declined to comment and the two chief executives did not respond to requests for comment. NEW DELHI: The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job…
Equity benchmark indices climbed over 300 points in early trade on Tuesday, October 31, 2023, but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve’s interest rate decision, traders said. The 30-share…
The rupee inched up 1 paisa against the US dollar in early trade on Tuesday, October 31, 2023, as the support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas. Forex traders said the dollar strengthened on safe-haven demand. However, a positive trend in domestic equities supported…
Read More “Rupee opens on flat note against U.S. dollar in early trade” »