fiscal deficit news
Latest from fiscal deficit
State govt’s revenue in FY24-25 is ₹20,000 crore lower than estimated
Revenue generation from almost all the major sectors, including GST, excise, stamp duty, and vehicle tax, has taken a beating
Published on Apr 06, 2025 08:26 AM IST
Govt scraps its ambitious ₹1 crop insurance scheme
Maharashtra government ends ₹1 crop insurance scheme due to irregularities, saving ₹7,000 crore amid fiscal deficit, plans new scheme for kharif season.
Published on Apr 01, 2025 06:08 AM IST
Punjab second-most indebted state in country, reveals data
Punjab has the second-highest debt-GSDP ratio in India at 46.6%, with estimated liabilities of ₹3.78 lakh crore by March 2025, as per the finance minister.
Published on Mar 25, 2025 09:48 AM IST
HT Correspondent, Chandigarh
Haryana Congress leader Hooda picks holes in 2025-26 budget estimates
The former chief minister said that the increase in 2025-26 budget outlay was not 13% as claimed by the chief minister in his budget address. “The increase is 7.6%. And if we consider the 4.8% inflation as mentioned in economic survey, the actual increase will be 3.1%,” Hooda said.
Published on Mar 21, 2025 06:50 AM IST
HT Correspondent, Chandigarh
Haryana budget: Focus on women, AI but dip in capex a worry
The budget outlay of ₹2.05 lakh crore ( ₹2,05,017.29 crore) was about 8% higher than the ₹1.89 lakh crore ( ₹1,89,876.61 crore) presented by Saini’s predecessor Manohar Lal Khattar, while presenting the 2024-25 budget estimates last year
Published on Mar 18, 2025 09:46 AM IST
Hitender Rao, Chandigarh
Rebuilding Mumbai, reviving Maharashtra
The state budget’s focus on fiscal discipline is laudable. Its infra bet will pay big only if projects are completed on time and not plagued by graft
Published on Mar 14, 2025 09:41 PM IST
HT Editorial
Madhya Pradesh: FM Jagdish Deoda presents budget of ₹4.21 lakh cr
The total expenditure budget estimate for the year 2025-26 is ₹3.75 lakh crore which is ₹48,954 crore more than last year
Published on Mar 13, 2025 12:46 PM IST
Sitharaman says law and order situation improved in Manipur
Sitharaman emphasised that the overall law and order situation has improved in the ethnic strife-torn state, which is currently under the central rule, except for some sporadic incidents.
Published on Mar 12, 2025 07:30 AM IST
Rajeev Jayaswal, New Delhi
Mahayuti avoids populist schemes in the first budget after returning to power
The Devendra Fadnavis government refrained from announcing any new schemes or fulfilling the promises it had made in its manifesto for the assembly elections
Published on Mar 11, 2025 07:50 AM IST
Karnataka Budget 2025 is gift to people: Dy CM DK Shivakumar
"I have been in public life for 36 years, and I can tell you this is a far-sighted and historic budget that provides justice to all," he added.
Published on Mar 08, 2025 10:11 AM IST
ANI | | Posted by Pathi Venkata Thadhagath
What the virus cost us: 5 years on, Roshan Kishore writes on the pandemic impact
The Indian economy contracted (by 5.8%), for the first time in four decades. The road to recovery is littered with new roadblocks. We are still paying the price
Updated on Mar 07, 2025 06:34 PM IST
'Halal budget': BJP slams Karnataka government over budget priorities
BJP and JD(S) leaders in Karnataka protested against the state government, demanding funds for SCSP-TSP not be used for guarantees.
Updated on Mar 07, 2025 01:29 PM IST
Siddaramaiah to present his 16th budget in assembly today
With the outlay expected to exceed ₹4 lakh crore, the budget will likely to focus on infrastructure development while ensuring continued funding for its welfare schemes.
Published on Mar 07, 2025 07:20 AM IST
Arun Dev, Bengaluru
Chhattisgarh: ₹1.65 lakh crore budget focusses on rural development, security
Chhattisgarh finance minister OP Choudhary said the Gross State Domestic Product at current prices is projected to increase from ₹5,67,880 cr in 2024-25 to ₹6,35,918 cr in 2025-26, reflecting a 12% growth
Updated on Mar 04, 2025 03:49 PM IST
India’s GDP growth picks up in Q3 at 6.2%
The latest data also shows the Indian economy crossed a critical psychological threshold when its quarterly nominal GDP crossed the $ 1trillion mark for the first time in a quarter
Published on Mar 01, 2025 06:04 AM IST
Cash-strapped Maha govt initiates spending cuts from 5-30%
Capital expenditure on constructing buildings and roads, buying vehicles and publicity, among others, has been cut by 30%.
Updated on Feb 13, 2025 06:31 AM IST
No populist measure as Kerala budget focusses on infra push
In the state’s annual statement, the fiscal deficit as percentage of GSDP has been pegged at 3.16% in FY 2025-26, down from 3.51% the previous financial year
Published on Feb 08, 2025 08:14 AM IST
What the budget does for demand
The budget focuses on economic prudence, maintaining income support allocations, while reducing income taxes to boost middle-class purchasing power and demand.
Published on Feb 02, 2025 06:36 AM IST
What the budget does for the fisc
The budget focuses on fiscal consolidation amidst slow growth and inflation, with increased reliance on income tax collections from wealthy taxpayers.
Published on Feb 02, 2025 06:34 AM IST
A budget that ticks all boxes
The generous tax relief package for the middle class should boost consumption and act as a stimulus for the economy.
Published on Feb 01, 2025 11:26 PM IST
HT Editorial
Centre seeks 9% boost from RBI, banks to offset income tax cuts: Report
The huge transfer of funds will help the government to narrow its fiscal deficit to 4.4 per cent of the GDP.
Updated on Feb 01, 2025 06:49 PM IST
Budget 2025: Centre targets fiscal deficit at 4.4%
Budget 2025: The government said it would target to bring down debt to a level of 50% by March 31, 2031
Published on Feb 01, 2025 02:46 PM IST
New Income Tax slabs salary-wise calculation: Who will pay zero tax?
Nirmala Sitharaman said the income tax changes will cost the government more than 1 trillion rupees in revenue.
Updated on Feb 01, 2025 04:18 PM IST
Revised income tax slabs: How much do you save? Calculation of benefits
Revised income tax slabs: Nirmala Sitharaman announced that annual incomes up to ₹12 lakh will be tax-free to stimulate consumption.
Updated on Feb 01, 2025 05:16 PM IST
Budget 2025: How to read the documents that FM Sitharaman will present
We explain what to look for in these documents to understand the budget better.
Updated on Jan 31, 2025 04:46 PM IST
Union Budget: 25 key terms you must know before Nirmala Sitharaman's speech
The Union Budget 2025, the second full one of Modi 3.0, will be presented by finance minister Nirmala Sitharaman on February 1.
Published on Jan 15, 2025 07:48 AM IST
Union Budget 2025 may focus on controlling govt debt, says Goldman Sachs report
This is because India currently stands out for its high levels of public debt and fiscal deficit, compared to other emerging markets
Published on Jan 13, 2025 05:02 PM IST
Maharashtra: Stamp duty, registration below target, lower than last 2 years
MUMBAI: Stamp duty and registration revenue has dipped to ₹39,767 crore, raising concerns over meeting the ₹55,000 crore target for 2024-25.
Updated on Jan 02, 2025 07:54 AM IST
France is not alone in its fiscal woes
Deficits look worryingly wide across Europe
Published on Dec 28, 2024 08:00 AM IST
The Economist
Excise dept proposes new liquor licenses to cap fiscal deficit
Maharashtra's fiscal deficit may exceed ₹2 lakh crore, prompting government to explore new liquor licenses and welfare scheme reforms to boost revenue.
Updated on Dec 25, 2024 06:08 AM IST