There is a high probability of a third wave in India, NITI Aayog's Kumar said, by way of supporting his prescription to overlook fiscal considerations until the pandemic is curbed.
With agencies sticking to their methodology in these times, an emerging economy rating and outlook appear to be worse regardless of whether its government is fiscally prudent or not.
The structure of Finance Minister Nirmala Sitharaman’s latest stimulus package indicates that the government had an eye on the fiscal deficit while making it.
The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.
An underestimated growth projection could give Modi govt more spending room, while initiatives to improve NPA recovery could prove crucial for India's financial sector.
Govt to discontinue practice of Food Corporation of India borrowing from National Small Savings Fund for food subsidy — a means used to hide the true extent of fiscal deficit.
Economists are arguing for expansionary Budget, so govt won’t be criticised much for not being prudent. Target should be to boost growth by pushing demand.
RBI estimates that gross fiscal deficit of states could cross 4 per cent, and force govts to put investments on hold, leading to a vicious cycle of incurring loss without spurring recovery.
The chipmaker at the heart of the AI revolution may be the most influential stock in Wall Street history. Nvidia has been the primary driver of the market’s gains since the start of 2023.
ISRO’s LMV3 rocket set off the CMS-03 satellite from Sriharikota Sunday. It weighs 4,410 kg, will primarily serve Indian Navy and has a life of at least 15 years.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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