Analysts and economists praise the interim Budget s fiscal projections, highlighting the government s commitment to fiscal consolidation. The projected fiscal deficit numbers for FY24 and FY25 indicate that the target of 4.5% fiscal deficit by FY26 is achievable. The net market borrowing in FY25 will positively impact the bond market and 10-year G-sec yields. The higher than expected capex and lower fiscal deficit suggest healthier expenditure quality.
Get latest articles and stories on India at LatestLY. The reverse merger of HDFC with its subsidiary HDFC Bank effective Saturday has increased the total business of the merged entity to over Rs 41 lakh crore, closer to the country s biggest lender SBI. India News | Merger Raises HDFC Bank s Total Business to over Rs 41 Lakh Cr.
Get latest articles and stories on India at LatestLY. Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday paid a courtesy call to Defence Minister Rajnath Singh in New Delhi. India News | Uttarakhand CM Dhami Meets Defence Minister Rajnath Singh in Delhi.
With GST revenue on a sustained uptrend in India, this would be an opportune time to bring fuel under its ambit and correct the various economic problems this anomaly has been causing