State governments should not dole out "non-merit freebies" such as gifts and consumer durables beyond their fiscal capabilities, according to former NITI Aayog Vice Chairman Rajiv Kumar. Ku...

Fiscal deficit stood at Rs 3.51 lakh crore in April-June, accounting for 21.2 percent of the full-year target due to lower spending on subsidies and higher tax collection, data released by the Control...

The eight core sectors grew 8.4 per cent in April against 4.9 per cent (revised) in March, the commerce ministry said. The output in six of the eight core sectors grew in April: coal, electricity, re...

The Reserve Bank of India hiked the repo rate by 40 basis points and the cash reserve ratio by 50 basis points, indicating a decisive change in policy priority — from stimulating economic growth...

Rating agency Fitch has raised questions on the fiscal deficit numbers for this year and 2022-23 even as it said the budget is shorn of structural reforms. Fitch said it had projected a fiscal defici...

The central government’s fiscal deficit at the end of November worked out to 46.2 per cent of the annual budget target for 2021-22 because of an improvement in the revenue collection, according ...

The excise duty cuts on diesel and petrol announced by the Narendra Modi-government will cost Rs 45,000 crore in lost revenue and widen the Centre’s fiscal deficit 0.3 percentage point to 6.4 pe...

Output from eight core sectors rose 4.4 per cent in September, the lowest pace of growth in seven months which breaks a three-month streak of accelerating production that peaked with an 11.5 per cent ...

The Narendra Modi government has announced a plan of “asset monetisation” worth 6 lakh crore rupees. This is in addition to its proposed privatization of public sector assets. Asset moneti...

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...