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First annual convocation of Ambedkar School of Economics University to be held on June 19

First annual convocation of Ambedkar School of Economics University to be held on June 19
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

At 5 6% of GDP, FY24 fiscal gap beats target

In absolute terms, the FY24 fiscal deficit stood at ?16.54 lakh crore, down from the revised estimate of ?17.35 lakh crore and FY23 level of ?17.38 lakh crore, showed the official data released on Friday. A lower-than-anticipated deficit in FY24 and a generous surplus transfer by RBI earlier this month make the government s goal of reining in fiscal gap at 5.1% of GDP in FY25 seem more realistic now, experts said.

At 5 6% of GDP, FY24 Fiscal Gap Beats Target

The Centre contained its fiscal deficit at 5.6% of gross domestic product (GDP) in FY24, beating revised estimate of 5.8% on the back of improved resource mop-up and curtailed revenue expenditure, putting it on track to adhere to the glide path.

Spending on rural job guarantee scheme MGNREGS overshoots FY24 estimates by 23%

Spending on rural job guarantee scheme MGNREGS overshoots FY24 estimates by 23%
livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.

Key Economic Gauges may Shift Base to FY23

The government is considering a change in the base year for key economic indices to FY23, as well as a revamp of several datasets, to better capture structural changes in the economy, said people aware of deliberations on the matter.

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