Finance Secretary Tuhin Kanta Pandey NEW DELHI: Finance secretary Tuhin Kanta Pandey on Tuesday said govt has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI’s monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on…
MUMBAI: The Budget has created space for RBI to cut interest rates by maintaining fiscal consolidation and lowering govt borrowing. Measures to reduce tax deduction at source could also boost bank deposits, making rate transmission easier.RBI governor Sanjay Malhotra will chair his first monetary policy committee (MPC) meeting this week. It will also be the…
In presenting the Union Budget for 2025-26, finance minister Nirmala Sitharaman would seem to have managed the envious task of giving out generously to the taxpayer while remaining fiscally responsible and prudent.How has she managed to do this?The short answer is that it has been achieved partly through curbing ambition in spending to create assets…
NEW DELHI: Finance minister Nirmala Sitharaman in the Union Budget for 2025 allocated Rs 6.81 lakh crore to the defence sector, marking a marginal increase from the Rs 6.2 lakh crore assigned in the current fiscal year.Of the total allocation, Rs 4.88 lakh crore has been earmarked for revenue expenditure, covering salaries, operational costs, and…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that Sebi chairperson Madhabi Puri Buch and her husband have been answering some of the allegations and both are defending themselves and are putting out facts to contradict those that are being alleged by the Congress party.“So, I think the facts have to be taken on…
