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.
Category : Search result: state fiscal deficit
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.
India's FY26 CAD Projected at 1.7% of GDP
Union Bank of India report warns India's current account deficit will rise to 1.7% of GDP in FY26 due to persistent global tariff pressures and a record trade deficit. Learn about mitigating factors and the potential impact of the India-US trade deal.
India's Current Account Deficit to Reach 1.7% of GDP in FY26
Union Bank report warns India's current account deficit may rise to 1.7% of GDP in FY26 due to persistent trade pressures. Learn how this impacts economic stability.
Sensex, Nifty fall 278 pts, ending 6-session gaining streak
Indian stock markets declined on November 18, 2025, breaking a six-session winning streak. Sensex closed at 84,673, Nifty at 25,910. Experts suggest volatility may continue amid global uncertainties.
India Strengthens Anti-Dumping Framework as QCOs Roll Back
India's Commerce Ministry enhances anti-dumping measures as quality control orders roll back on 20+ products. Imports hit record $76B amid trade shifts. DGTR implements faster response system.
Cash Transforms in India: Inflation & Fiscal Impact
Exploring how Bihar's pre-poll cash handouts affect inflation, welfare outcomes and fiscal management in India. Analysis of conditional transfers vs universal basic income.
Rupee remains range-bound despite global market weakness
Indian rupee defies global risk-off sentiment, expected to open flat. RBI intervention and high trade deficit shape currency movement. Read analysis of rupee stability.
Mann Stands Firm on Punjab Water Rights at Council Meet
Punjab CM Bhagwant Mann asserts state's rights over water resources at Northern Zonal Council meeting. Read about the key discussions and decisions.
India's Trade Deficit Hits Record High on Gold Imports
India's trade deficit reached a historic $31.5 billion in June 2024, driven by a massive 200% surge in gold imports. Explore the economic implications and government response.
India's exports fall 12% in October, trade deficit widens
India's merchandise exports declined by nearly 12% in October 2024, while trade deficit expanded to $41.68 billion. Key sectors show mixed performance amid global challenges.
India's October exports fall to $34.38B, deficit widens
India's merchandise exports declined to $34.38 billion in October as US tariff hikes take effect. Trade deficit widened to $41.68 billion. Read analysis of economic impact.
Himachal raises Rs 300 cr loan via 15-year securities
Cash-strapped Himachal Pradesh government secures Rs 300 crore loan through RBI auction for development projects as state debt crosses Rs 1 lakh crore mark. Details inside.
Bihar NDA Wins Majority Amid Fiscal Constraints
NDA secures decisive victory in Bihar elections with 200+ seats, but faces fiscal constraints with 60% revenue locked in salaries and pensions. Can promises be delivered?
Meghalaya Cabinet Approves Fiscal Deficit Increase
Meghalaya's cabinet approves key amendments, allowing a fiscal deficit increase to 3.5% of GSDP and new job quotas for casual workers. Discover the full implications for the state's economy.
Bihar Election Cash Promises Strain State Finances
As Bihar elections approach, political parties flood voters with cash promises despite the state's fragile finances. Analysis reveals unsustainable freebies that could worsen economic conditions.
Longest US Government Shutdown Ends: Key Facts
US President Donald Trump ends longest government shutdown in history. Learn how budget deadlocks cripple America and why India's parliamentary system avoids such crises.
16th Finance Commission Deadline Extended to Nov 2025
India's 16th Finance Commission gets one-month extension until November 30, 2025. Learn how its tax revenue sharing formula will impact states' development spending until FY31.
India's Health Supplement Startups Bridge Trust Gap
India's $8 billion nutraceutical market faces skepticism as startups invest in clinical trials and transparency to build consumer confidence in health supplements.
MLA Raju Kage Demands Separate North Karnataka State
Congress MLA Bharamgouda Kage renews call for separate North Karnataka state, supporting signature campaign by North Karnataka Struggle Committee. Read latest developments.
India's 2026-27 Capex Target to Stay at 3.1-3.2% of GDP
India's government plans to maintain its capital expenditure target at 3.1-3.2% of GDP for FY27, focusing on quality over quantity to drive fiscal consolidation and economic growth.
Himachal Fiscal Crisis: Public Wants MLA Austerity
Amid Himachal Pradesh's severe financial crunch, citizens expect lawmakers to lead by example with financial prudence. Will MLAs show fiscal responsibility?
France to Help Palestinians Draft Constitution
French President Macron announces France's assistance in drafting Palestine's constitution amid Gaza conflict. Historic step toward two-state solution. Read full details.
FM Meets Economists for FY27 Budget Consultations
Finance Minister Nirmala Sitharaman holds pre-budget consultations with leading economists to shape India's economic roadmap for FY27. Key focus on growth, inflation and fiscal management.
Direct Tax Collection Up 7%, Refunds Down 17.7%
India's net direct tax collection surges 7% to over ₹12.9 trillion for the current fiscal year, while refunds see a significant 17.7% decline. Get the full details on this economic boost.
Milei's Reforms Put Argentina on Path to Recovery
Nouriel Roubini analyzes how Javier Milei's economic reforms have set Argentina on recovery path after years of debt trouble and inflation. Read expert insights.
Ultra-Rare Recessions Store Up Future Economic Trouble
The world economy hasn't seen a synchronized recession in 15 years, but this stability creates financial, fiscal and allocative risks. Learn why rare downturns threaten economic health.
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