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A farmer spreads fertiliser on a paddy field in Karnal, northern state of Haryana, India | Photo Credit: Reuters An increase in subsidy spending, particularly on fertilisers, has led to the Centre’s fiscal deficit reaching 41.9% of its budgeted target for 2026-27 as of August 2026, compared to 38.1% at this point last year. Data…
New Delhi: With the Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government’s spending priorities. The report highlighted that the upcoming budget will be crucial for balancing growth and fiscal discipline as India…
Beijing: China is expanding its consumer trade-in scheme to revive demand in the sluggish household sector. The move includes adding more home appliances to the list of products eligible for trade-in and offering subsidies for digital goods. Microwave ovens, water purifiers, dish-washing machines, and rice cookers are among the new additions to the scheme. Consumers…
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