Budget 2024: Fiscal Deficit Target Cut To 4.9% With Emphasis On Consolidation

23 Jul 2024

In presentation of the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman has set a fiscal deficit target of 4.9% of Gross Domestic Product (GDP). This marks a decrease from the 5.1% target outlined in the Interim Budget on February 1. For the fiscal year 2023-24, the initial fiscal deficit...

Decoding Economic Survey

22 Jul 2024

The wait for the full Budget for 2024-25 is almost over as the Union government is set to table the Economic Survey on Monday. Union Finance Minister Nirmala Sitharaman will table the pre-budget document in Parliament, a day ahead of the Budget presentation. What is an Economic Survey: The Economic...

RBI’s ₹2.11 Lakh Crore Dividend to Help New Government Reduce Fiscal Deficit

23 May 2024

A report by SBI highlights that the government's fiscal deficit is expected to reduce by 30-40 basis points from the budgeted level of 5.1% of GDP. This follows the Reserve Bank of India's (RBI) announcement of a record dividend of ₹2.11 lakh crore to the central government for the financial...

JPMorgan CEO Jamie Dimon Urges Swift Action on U.S. Fiscal Deficit

15 May 2024

JPMorgan Chase CEO Jamie Dimon recently emphasized the urgency for the United States to address its fiscal deficit, cautioning that delaying action could lead to greater discomfort in the future. Dimon's remarks come amid a backdrop of significant economic measures taken during the COVID-19 pandemic, such as interest rate hikes,...

Indian stocks rebound from Budget day declines, Sensex gains over 500 points

02 Feb 2024

Indian stock indices surged at the beginning of Friday's session, responding positively to the central government's commitment to fiscal consolidation despite looming General elections. Favorable cues from other Asian markets also provided support. At the opening bell, the Sensex stood at 72,189.10 points, up 543.80 points (0.76%), while the Nifty...