Fiscal Consolidation
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IMF's Gita Gopinath Praises Centre's Policy Continuity In Fiscal Consolidation Path
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), met Union Finance Minister Nirmala Sitharaman on Saturday and lauded the continuity in "fiscal consolidation path" being followed by the Government.
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
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Opinion | Budget FY25: Making Everyday Life Easier Must Be The Primary Goal
While consolidating its fiscal position and sustaining public expenditure to boost growth, the government must push for more ease of living. Citizens yearn for policies that make everyday life easier.
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Modi 3.0: Moody's Expects Policy Continuity But Delays In Far-Reaching Reforms
The BJP-led National Democratic Alliance's (NDA) slim majority in Lok Sabha may delay more far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation, Moody's Ratings said today.
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Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
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BYJU's To Lay Off 3,500 Employees "Overhired" During Pandemic: Report
Byju's Lay Off 2023: Edtech major BYJU's may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said.
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Zomato Reports Consolidated Net Loss in Q3 2022, Says Firm Exited 225 Smaller Cities
Online food delivery platform Zomato on Thursday reported a widening of consolidated net loss at Rs. 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business. The company had posted a consolidated net loss of Rs. 67.2 crore in the same quarter last fiscal, Zomato said in a regulato...
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Budget 2023 To Support Growth, Shun Populism, Says Economist
Prime Minister Narendra Modi is expected to prioritize macroeconomic stability by sticking to fiscal consolidation path in his final full-year budget before national polls in 2024.
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Budget 2023: Investors Expect Centre To Focus On Tax Structure Reforms, Fiscal Consolidation
Investors are anticipating policy reforms to rationalise bottlenecks for growth such as subsidies and a clear roadmap for disinvestment targets.
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Budget 2023 - Centre To Focus On Gradual Fiscal Consolidation: Report
Morgan Stanley.said the government may provide a "credible path" for fiscal deficit reduction in 2023-24 and reiterate the medium-term roadmap to lower the central government's deficit to 4.5 per cent of GDP.
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Global Risks Persist, 'Aggressive Fiscal Consolidation' Should Be Avoided: RBI Panel Member
RBI Monetary Policy Committee (MPC) Member Ashima Goyal said expenditure must be counter-cyclical and the mistake made in the 2000s, when expenditure rose with tax revenues, should be avoided.
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No Spending Spree Likely In Final Budget Before 2024 Election: Report
The Indian government will focus on fiscal consolidation in its Feb. 1 budget, the last full one before a 2024 general election.
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Flexibilities Needed To Stay On Course Of Fiscal Glide Path: Centre
"Effective management of the exogenous shocks and global uncertainties requires the additional flexibilities in terms of expenditure management and fiscal consolidation," the government said.
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India's Fiscal Consolidation Trend Intact, To See Strong Revenues: Moody's
Moody's Investors Service on Tuesday said the trend of gradual fiscal consolidation remains intact for India and going forward the country will see strong revenue performance and debt stablisation.
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MTNL Consolidated Loss Widens to Rs. 653 Crore in June Quarter: All Details
MTNL has reported that its consolidated loss narrowed to Rs. 653 crore in the June quarter. The state-run telecom firm revealed that consolidated revenue from operations fell by about 17 per cent in the first quarter of the current fiscal, while auditors of MTNL said the company's net worth has been fully eroded.
-
IMF's Gita Gopinath Praises Centre's Policy Continuity In Fiscal Consolidation Path
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), met Union Finance Minister Nirmala Sitharaman on Saturday and lauded the continuity in "fiscal consolidation path" being followed by the Government.
-
Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
-
Opinion | Budget FY25: Making Everyday Life Easier Must Be The Primary Goal
While consolidating its fiscal position and sustaining public expenditure to boost growth, the government must push for more ease of living. Citizens yearn for policies that make everyday life easier.
-
Modi 3.0: Moody's Expects Policy Continuity But Delays In Far-Reaching Reforms
The BJP-led National Democratic Alliance's (NDA) slim majority in Lok Sabha may delay more far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation, Moody's Ratings said today.
-
Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
-
BYJU's To Lay Off 3,500 Employees "Overhired" During Pandemic: Report
Byju's Lay Off 2023: Edtech major BYJU's may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said.
-
Zomato Reports Consolidated Net Loss in Q3 2022, Says Firm Exited 225 Smaller Cities
Online food delivery platform Zomato on Thursday reported a widening of consolidated net loss at Rs. 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business. The company had posted a consolidated net loss of Rs. 67.2 crore in the same quarter last fiscal, Zomato said in a regulato...
-
Budget 2023 To Support Growth, Shun Populism, Says Economist
Prime Minister Narendra Modi is expected to prioritize macroeconomic stability by sticking to fiscal consolidation path in his final full-year budget before national polls in 2024.
-
Budget 2023: Investors Expect Centre To Focus On Tax Structure Reforms, Fiscal Consolidation
Investors are anticipating policy reforms to rationalise bottlenecks for growth such as subsidies and a clear roadmap for disinvestment targets.
-
Budget 2023 - Centre To Focus On Gradual Fiscal Consolidation: Report
Morgan Stanley.said the government may provide a "credible path" for fiscal deficit reduction in 2023-24 and reiterate the medium-term roadmap to lower the central government's deficit to 4.5 per cent of GDP.
-
Global Risks Persist, 'Aggressive Fiscal Consolidation' Should Be Avoided: RBI Panel Member
RBI Monetary Policy Committee (MPC) Member Ashima Goyal said expenditure must be counter-cyclical and the mistake made in the 2000s, when expenditure rose with tax revenues, should be avoided.
-
No Spending Spree Likely In Final Budget Before 2024 Election: Report
The Indian government will focus on fiscal consolidation in its Feb. 1 budget, the last full one before a 2024 general election.
-
Flexibilities Needed To Stay On Course Of Fiscal Glide Path: Centre
"Effective management of the exogenous shocks and global uncertainties requires the additional flexibilities in terms of expenditure management and fiscal consolidation," the government said.
-
India's Fiscal Consolidation Trend Intact, To See Strong Revenues: Moody's
Moody's Investors Service on Tuesday said the trend of gradual fiscal consolidation remains intact for India and going forward the country will see strong revenue performance and debt stablisation.
-
MTNL Consolidated Loss Widens to Rs. 653 Crore in June Quarter: All Details
MTNL has reported that its consolidated loss narrowed to Rs. 653 crore in the June quarter. The state-run telecom firm revealed that consolidated revenue from operations fell by about 17 per cent in the first quarter of the current fiscal, while auditors of MTNL said the company's net worth has been fully eroded.
