Tag: Monthly Economic Review

Revenue-deficit States may face fiscal stress, says Centre

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Revenue-deficit States may face fiscal stress, says Centre

A revenue deficit is when expenditure on recurring items such as salaries, pensions, subsidies, and interest payments exceed the revenue earned from regular sources such as taxes and fees.  (Representational image) | Photo Credit: Getty Images/iStockphoto The Ministry of Finance has warned that States with revenue deficits and high debt burdens will find it harder…

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Business

India will remain fastest-growing major economy in FY’24: Finance Ministry report

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India will remain fastest-growing major economy in FY’24: Finance Ministry report

The Finance Ministry’s report said that core inflation was declining steadily while food inflation has eased. People shop on the eve of Dussehra (Dasara) festival, in Bengaluru, Karnataka. File | Photo Credit: Murali Kumar K India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals…

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Business

India will remain fastest-growing major economy in FY’24: Finance Ministry report

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India will remain fastest-growing major economy in FY’24: Finance Ministry report

The Finance Ministry’s report said that core inflation was declining steadily while food inflation has eased. People shop on the eve of Dussehra (Dasara) festival, in Bengaluru, Karnataka. File | Photo Credit: Murali Kumar K India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals…

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Nation

Finance Ministry confident of 6.5% growth in FY24 despite symmetric risks

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Finance Ministry confident of 6.5% growth in FY24 despite symmetric risks

Finance Ministry exuded confidence that the country will achieve 6.5% growth in FY24 on the back of improved corporate profitability, private capital formation and bank credit growth, notwithstanding the risks of rising crude oil prices and monsoon deficit. The Finance Ministry on September 22 exuded confidence that the country will achieve 6.5% growth in FY24…

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Business

India’s macroeconomic management ‘stellar’; paves way for sustained recovery: Finance Ministry report

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India’s macroeconomic management ‘stellar’; paves way for sustained recovery: Finance Ministry report

Representational image only. | Photo Credit: Twitter/@FinMinIndia “Stellar macroeconomic management in the midst of unprecedented global challenges has put India on a quicker recovery path than has been the case in other nations,” the Finance Ministry said in a report on July 6. “Investments in supply-side infrastructure have raised the possibility of India enjoying sustained…

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Business