Finance minister Nirmala Sitharaman on Thursday said the government would provide Rs 30,600 crore guarantee to the newly formed National Asset Reconstruction Company Limited (NARCL) or the bad bank.&n...

The parliamentary standing committee on finance has asked the Centre to prepare a White Paper on debt and a road map for fiscal consolidation in the wake of the immense pressure on government finances...

The government on Tuesday informed Parliament that it expects the total debt as percentage of GDP to increase to 61.7 per cent (provisional) in 2021-22 from 60.5 per cent (provisional) in the previous...

The Bengal government is all set to sell off or lease out a portion of unused land of Durgapur Projects Limited, a loss-making power utility that was under a restructuring plan, to clear the firm&rsqu...

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The Future group got yet another relief when lenders to two more firms —Future Enterprises and Future Supply Chain Solutions — approved resolution plans to restructure their existing secur...

The year-long pandemic left households more indebted, which has sharply jumped to 37.1 per cent of GDP in the second quarter of 2020-21, while their savings rate plunged to a low 10.4 per cent, accord...

Years from now you would remember the last few months of fiscal 2020-21 for a number of reasons — the arrival of a vaccine, the appearance of green shoots in some corners of the economy, the far...

“Faith is the bird that feels the light and sings when the dawn is still dark” Rabindranath Tagore (As quoted by the FM in her budget speech last Monday) The budget, which appears as a ...

The Union government’s fiscal deficit soared to Rs 10.75 lakh crore, or 135.1 per cent of the 2020-21 budget estimates (BE), at the end of November 2020, mainly on account of low realisation of ...