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Search resuls for: "Shreyashi Sanyal Charmaine Jacob"


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☆ India's finance minister expects fiscal deficit for 2024-2025 to narrow to 5.1%
  + stars: | 2024-02-01 | by ( Shreyashi Sanyal Charmaine Jacob | Shreyashi Sanyal | Charmaine Jacob | ) www.cnbc.com   time to read: +1 min
India's Finance Minister Nirmala Sitharaman along with her staff poses for pictures as she leaves the Finance Ministry Office to present the annual budget in parliament in New Delhi on February 1, 2024. India's finance minister, Nirmala Sitharaman, said on Thursday the country's fiscal deficit for financial year 2025 will narrow to 5.1% from the revised 5.8% for 2024. Capital expenditure will rise by 11.1% to 11.11 trillion rupees ($133.9 billion) in fiscal year 2025, while tax revenue for the year would be 38.31 trillion rupees ($461.7 billion), she said while presenting the interim budget before the general elections. As much as 750 billion rupees at a 50-year interest free loan will be set aside for states to boost tourism. The Finance Ministry said earlier this week that India could become the world's third-largest economy by 2027 with a gross domestic product of $5 trillion.
Persons: Nirmala Sitharaman, Sitharaman Organizations: India's, Finance Ministry Office, Finance Ministry Locations: New Delhi, India
☆ India will release its interim budget this week. Here's what to expect
  + stars: | 2024-01-31 | by ( Shreyashi Sanyal Charmaine Jacob | Shreyashi Sanyal | Charmaine Jacob | ) www.cnbc.com   time to read: +5 min
Vipin Kumar | Hindustan Times | Getty ImagesIndia is set to release its interim budget for 2024 on Thursday, ahead of the country's highly anticipated general elections. The interim budget is seen as a stop-gap financial plan during an election year, aimed at meeting immediate financial needs before a new government is formed. Typically, the interim budget won't include big and sweeping policy announcements. Fiscal deficit targetIndia's fiscal deficit stands at 6.4% of gross domestic product for the 2023-2024 financial year. TaxesDon't expect significant shifts in taxation as this is only an interim budget, analysts say.
Persons: Vipin Kumar, Nirmala Sitharaman, Nomura, Goldman Sachs, Goldman, Nilesh Shah, Shah, it's, Bathini, Modi, India's Organizations: Hindustan Times, Getty, India, Bharatiya Janata Party, Goldman, Mahindra Asset Management, CNBC, Capital, WealthMills Securities, India's Finance, BJP Locations: New Delhi, India, China, Japan, Germany
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