The Finance Minister’s commitment to fiscal consolidation includes a firm pledge to reduce the central government’s public debt-to-GDP ratio, aiming for a 50% debt ratio by FY31 from 56.1% in FY26.
Trump’s executive orders have slapped a 25% tariff on most goods from Mexico and Canada and a 10% levy on Chinese imports.
India’s nominal GDP growth is projected at 10.1% for FY26, with the fiscal deficit targeted at 4.4% of GDP (Rs 15.68 lakh crore), marking an improvement from 4.8% (Rs 15.69 lakh crore) in FY25
Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2025-26 today, marking a historic milestone as the only finance minister to deliver the budget for eight consecutive years. While this sets a new record for consecutive budget presentations, the overall record for the most Union Budgets in India still belongs to former Prime Minister Morarji Desai. Desai presented a total of ten budgets—six as finance minister between 1959 and 1964, and four more from 1967 to 1969.
India needs an average 8% real GDP growth over the next couple of decades for achieving ‘developed nation’ status by 2047
Economic Survey 2025 predicts 6.3%-6.85 GDP in FY26
Mumbai: The Reserve Bank of India (RBI) conducted a 3-day Variable Rate Repo (VRR) auction on January 31, 2025, to
Despite their critical role, BCs face several challenges, including outdated commission structures
The move, AIBEA asserted, would allow commercial banks to retain more capital, improve profitability, and enhance their capacity to support economic growth.
The three-member Advisory Committee, constituted under Section 45-IE (5) (a) of the RBI Act, 1934, will aid the Administrator in carrying out his responsibilities. The members of the committee include Paritosh Tripathi, former Chief General Manager of State Bank of India, Rajneesh Sharma, former Chief General Manager of Bank of Baroda, and Sanjaya Gupta, former Managing Director and CEO of PNB Housing Finance Limited.