Tax Revenues Jump 30%, But Spending Still Outruns Income
India's tax revenues soared 30% in the first half of FY25, yet government expenditure grew faster, widening the fiscal deficit. Explore the details and implications for the economy.
Category : Search result: fiscal imprudence
Canada's Big Banks Raise Bonus Pools 15% for FY25
Canada's top lenders increased bonus reserves by 15% for fiscal 2025, driven by active capital markets and volatile trading. Discover which banks led the hikes and why.
BJP Calls Telangana Summit a PR Stunt, Demands White Paper
Telangana BJP chief spokesperson NV Subhash criticises the Rising Telangana Global Summit as a costly smokescreen for Congress's financial mismanagement. He demands a White Paper on state finances. Read the full story.
1925: The Day India Abolished Cotton Excise Duty
On March 1, 1925, the Indian government abolished the excise duty on cotton, a landmark move that revitalized the domestic textile industry and boosted economic self-reliance. Discover the full story behind this pivotal fiscal decision.
Telangana, Andhra Pradesh overshoot RBI borrowing limits
Telangana and Andhra Pradesh have become India's most aggressive borrowers in 2025, overshooting RBI limits by 190% and 122% respectively. Economists warn of severe long-term fiscal stress. Read the full analysis.
UPSC Key Dec 2: Sanchar Saathi, GPS Spoofing, Obesity
Essential UPSC updates: Govt's Sanchar Saathi app directive, GPS spoofing threats, WHO's obesity guidelines, fiscal federalism debate, and India's rare-earth push. Key insights for Prelims & Mains.
GST Mop-Up Moderates in Nov After Rate Rationalisation
GST collections grew marginally by 0.7% in November, reflecting the impact of recent rate cuts. Officials remain optimistic, citing a boost in consumption and taxable turnover.
Kerala Govt OKs Rs 1.1 Cr for New CM Cars Amid Fiscal Strain
Kerala government approves Rs 1.10 crore for two new vehicles for the Chief Minister, using budget manual relaxation. Opposition questions timing as fiscal controls tighten. Read the full story.
Govt Seeks ₹41,455 Crore Extra Spend for Subsidies
Indian government seeks Parliament nod for net extra spending of ₹41,455 crore for fertiliser, fuel subsidies. Fiscal deficit target of 4.4% of GDP remains intact. Read full details.
India's GDP Growth Hits 8.2%, Fiscal Deficit Rises
India's economy grew at a surprising 8.2% in Q2 FY26, a six-quarter high. However, a rising fiscal deficit presents challenges. Read our analysis of the mixed signals.
India's Economy: 8.2% Growth with Fiscal Strain
India's Q2 GDP grows at 8.2% while nominal GDP shrinks, creating fiscal challenges. Manufacturing surges 9% but budget targets face pressure. Expert analysis on economic outlook.
India GDP grows 8.2% in Q2, fastest major economy
India's economy grew at 8.2% in July-September 2025-26, marking six-quarter high. Finance Minister Sitharaman credits reforms and fiscal consolidation for robust growth.
India's Economy Poised to Grow Over 7% This Fiscal
India's economy is set to grow at over 7% this fiscal with GDP crossing $4 trillion in FY26, driven by strong manufacturing and services expansion. Read more about the growth trajectory.
India Q2 GDP Growth Hits 8.2%, Fastest Among Major Economies
India's economy grows at 8.2% in Q2 FY25, highest among major economies. PM Modi attributes success to reforms, manufacturing surges 9.7%. Read full analysis.
India's Fiscal Deficit at 52.6% of FY26 Target
India's fiscal deficit reached 52.6% of the full-year target by Oct 2025, higher than last year. Explore the key revenue and expenditure trends shaping the economy.
India's Fiscal Deficit at 52.6% of FY26 Target
India's fiscal deficit reaches ₹8.25 trillion during April-October, 52.6% of FY26 target. Higher capex and lower tax revenue drive increase. Experts analyze challenges ahead.
Political Freebies Signal Collapse of Ambition: Subbarao
Former RBI Governor Duvvuri Subbarao warns competitive populism through election freebies threatens India's fiscal health. Read why we need spending limits now.
Thousands Protest Bulgaria's Tax Hike Budget Approval
Thousands protest in Bulgaria as parliament approves budget with significant tax increases. Demonstrators demand government resignation amid economic concerns. Latest updates.
UK's £26BN Tax Shock: Reeves Announces New Budget
UK Chancellor Rachel Reeves unveils £26 billion tax plan freezing brackets and hiking wealth taxes. Learn how this impacts millions of families and the economic outlook.
IMF Lauds India's Strong Economic Performance
IMF applauds India's 7.8% growth in FY26's first quarter, endorsing RBI's monetary policy while recommending accelerated structural reforms for sustained development.
IMF Criticizes Pakistan's Fiscal Mismanagement
IMF exposes Pakistan's fiscal mismanagement and lack of transparency in new report. Discover the critical findings and their implications for Pakistan's economy.
Moody's: India's Fiscal Space Tightens on Tax Cuts
Moody's Ratings flags India's tightening fiscal space as tax cuts pressure revenue, limiting government's ability to support the economy. Read the full analysis.
S&P: India's Economy to Grow 6.5% in FY26
S&P Global forecasts India's economy will expand by 6.5% this fiscal year, driven by strong domestic demand. A potential US trade deal could further boost growth. Read more.
Cat Bonds: India's Solution to $79.5B Disaster Losses
India ranks among world's most climate-vulnerable nations with $79.5B in disaster losses. Catastrophe bonds could reduce government's fiscal burden by transferring risk to investors.
India's Economy on Strong Growth Path: S&P
S&P Global Ratings forecasts robust 6.5% GDP growth for India in FY26, rising to 6.7% in FY27. Tax cuts and monetary easing to fuel consumption-led expansion despite global headwinds. Read more.
UK Deficit Soars £10B Above Forecast Before Budget
UK's fiscal deficit reaches £116.8 billion, exceeding forecasts by £10 billion as Chancellor Rachel Reeves prepares crucial November 26 budget with potential tax hikes.
CAG Orders Uniform Government Expenditure Classification
India's CAG directs all states to adopt uniform expenditure classification by FY 2027-28, ending decades of inconsistent accounting practices. This reform will enable transparent financial reporting and better fiscal management across states.
GST Revenue to Rebound Strongly in November
India's GST revenue growth is expected to surge to 10% in November, recovering from an October slowdown caused by September's historic tax reforms. The government anticipates sustained buoyancy.
8th Pay Commission: Fiscal Impact Analysis
India's 8th Pay Commission brings 20-25% salary hikes for government employees but raises concerns about fiscal health and widening wage inequality. Learn about the economic implications.
Election Promises Push Indian States to Fiscal Brink
Indian states face severe fiscal strain as election welfare spending surges, with Bihar's schemes costing 4% of GDP. Capital expenditure lags while deficits rise across poll-bound states. Read analysis.
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