CONSOLIDATED FUND OF INDIA
Former deputy election commission advocates separate budget and secretariat for ECI to increase autonomy Former deputy election commissioner Vinod Zutshi emphasized the need for the Election Commission of India (ECI) to have a separate budget instead of grants from the Consolidated Fund of India. He highlighted the Commission's long-standing demands fo...
24 Jun, 2024, 09.41 PM ISTMarket poised for uptrend with phases of consolidation: Sudip Bandyopadhyay So, once the tractor volume starts picking up, we will see further upside in M&M. The company has done fantastic early well as far as the SUV business is concerned. They have done well in other smaller segments as well, including farm equipments. B...
14 Jun, 2024, 08.00 AM ISTModi at G7 Summit under Italian Presidency: Consolidating strategic partnership Several ministers from Italy visited India in 2023, for G20 related meetings and held bilateral meetings on the sidelines including the Italian Minister for Foreign Affairs & trade, Finance, Agriculture, Education and Culture Ministers. The Speaker ...
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BJP's Bengal debacle: Trapped by narrative, leadership crisis and minority consolidation The BJP's defeat in the 2024 West Bengal Lok Sabha elections was exacerbated by its failure to counter the TMC's narrative, led by Mamata Banerjee, on central funds and anti-Muslim rhetoric, resulting in a shift of support. The TMC secured a signifi...
06 Jun, 2024, 12.23 PM ISTModi 3.0 has heavy lifting to do on tax reforms to managing stock risks Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' refor...
06 Jun, 2024, 12.19 PM ISTBlackRock stays bullish on Indian bonds after narrow Modi win Neeraj Seth, chief investment officer at BlackRock, predicts that India's fiscal consolidation under Modi's leadership will continue. Cooling inflation may lead the Reserve Bank of India to ease later this year, supporting the preference for longer ...
06 Jun, 2024, 07.49 AM ISTNew govt likely to vote for populism in budget With the Lok Sabha election results hinting at a coalition government, economists anticipate a populist Budget focusing on welfare schemes for the upcoming fiscal year.
05 Jun, 2024, 01.08 AM ISTManaging finances after 80: Answers to three major personal finance questions for super senior citizens As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither coo...
03 Jun, 2024, 06.30 AM ISTEconomy expands 7.8% in Q4, lifting FY24 growth to 8.2% This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and ...
01 Jun, 2024, 05.30 AM ISTCement industry in India consolidating, market shares of top companies growing: ICRA Large cement companies are expanding capacity through organic growth and acquisitions, driven by strong demand. Market share of the top five firms rose to 54% in 2023 and is expected to reach 55% by 2025. Consolidation, especially in eastern and wes...
31 May, 2024, 03.30 PM ISTS&P Global to observe India's fiscal glidepath for ratings upgrade S&P Global Ratings will monitor India's fiscal consolidation efforts over the next two years for a potential sovereign ratings upgrade. Despite raising the outlook to "positive," the rating remains "BBB-." Focus is on India's fiscal deficit reductio...
31 May, 2024, 02.24 PM ISTTata Steel Q4 Results: Net profit slumps 64% YoY to Rs 611 crore; misses D-St estimates Tata Steel Q4 Results: Revenue from operations for the quarter under review fell 7% YoY to Rs 58,687 crore. The company's board has recommended a dividend of Rs 3.6 per share. It has also approved a proposal to infuse funds up to $2.11 billion (Rs 1...
29 May, 2024, 07.50 PM ISTWhat kind of election results would shake up the markets? Seshadri Sen answers Seshadri Sen discusses the impact of BJP's majority in the upcoming elections on the economy, focusing on manufacturing, infrastructure, and capital goods sectors. sen says the the only negative outcome for the markets is that the BJP falls consider...
29 May, 2024, 10.38 AM ISTAfter consolidating around current levels, market to deliver healthy returns over 3-5 years: Jitendra Arora Jitendra Arora of ICICI Prudential discusses market consolidation, challenges in valuations, and investment strategies emphasizing long-term growth over short-term gains. He provides insights on sectors like private banks and real estate for potenti...
29 May, 2024, 09.20 AM ISTVodafone Idea may find it tough to raise tariffs after polls, say analysts Vodafone Idea faces challenges in increasing ARPU through tariff hikes post-election, as price-sensitive customers resist. 42% of Vi users may downgrade or close secondary SIMs due to upcoming higher tariffs. Vi seeks to upgrade 2G to 4G, double Ebi...
28 May, 2024, 06.11 PM ISTRBI dividend to have limited impact on medium-term fiscal consolidation: Fitch Fitch Ratings emphasized the limited medium-term impact of the RBI's surplus transfer on India's fiscal consolidation and debt path. The government targets a fiscal deficit of 4.5% of the GDP by FY26, with potential positive implications for credit ...
24 May, 2024, 11.59 PM IST16th Finance Commission seeks public opinion on terms of reference The 16th Finance Commission requests input on terms of reference. Flexibility granted by the Centre. Recommendations on grants and consolidated fund are vital, due by October 31, 2025, for a five-year period.
08 May, 2024, 11.41 PM ISTNIPFP projects India's FY25 GDP growth at 7.1 pc Economic think-tank National Institute of Public Finance and Policy (NIPFP) on Friday said it has estimated India's GDP growth at 7.1 per cent for the current fiscal, using high-frequency models. NIPFP, in a series of tweets, said the Centre is on a...
26 Apr, 2024, 07.05 PM ISTSurging interest in India papers gives a boost to Re-Eurobond issuances According to data provided by UAE-based Cbonds, the total aggregate issuance of rupee eurobonds was at $2.54 billion in the first four months 2024, higher than $2 billion for the whole of 2023. Eurobonds are securities denominated in currencies that...
23 Apr, 2024, 05.39 AM ISTPanagariya chairs first meeting of 16th Finance Commission The distribution between the Union and states of the net proceeds of taxes, which are to be, or may be, divided between them under Chapter I, Part XII of the Constitution and the allocation between states of the respective shares of such proceeds, a...
14 Feb, 2024, 04.22 PM IST