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…
NEW DELHI: Finance minister Nirmala Sitharaman is all set to present the first budget of Modi 3.0 in Lok Sabha on Tuesday. Union budget 2024-25 will be her seventh presentation of the budget as finance minister. With this, she will also break the record of Morarji Desai’s six budget presentations.Desai, who was the country’s Finance…
NEW DELHI: Global ratings agency S&P on Wednesday revised India’s outlook to ‘positive’ from ‘stable’ citing robust growth and improvement in the quality of govt spending, but kept the sovereign rating at the lowest investment grade of BBB (minus).“We expect sound economic fundamentals to underpin the growth momentum over the next two to three years.Regardless…
