PUBLIC EXPENDITURE

India Ratings has forecasted a 15.4% loan growth for banks in FY25. The rating agency believes a turnaround in private capital expenditure could alleviate any pressure on overall credit growth during the fiscal year.

The Federation of Hotel and Restaurant Associations of India (FHRAI) has urged the government to grant infrastructure status to all hotels and convention centers costing Rs 10 crore or more. This request, part of their pre-budget recommendations, ai...

Mazagon Dock Shipbuilders, now a Navratna company, is set for exponential growth with significant investment opportunities and strategic partnerships in the defense sector. The stock continues to outperform, reflecting strong investor confidence in ...

During a pre-budget meeting with Finance Minister Nirmala Sitharaman, industry representatives urged for reduced indirect taxes and rationalized duty structures. FIEO's Ashwani Kumar requested extending the Interest Equalisation Scheme for five year...

India's expenditure on health, including clean water and sanitation, is on track to reach the target of 2.5% of GDP by 2024-25. States have surpassed the Centre's allocation to achieve a combined effort of 2.13% of GDP. Despite concerns over declini...

​Next three years that gap is not going to be big. In fact, the private sector banks actually can do better than public sector banks in terms of the overall earnings growth because the bulk of that benefit of credit cost is already behind us.

The Reform UK Party promises to end all non-essential immigration and proposes steep cuts in personal income tax rates and other direct taxes. He is not expected to win the upcoming parliamentary elections in July.

I think that there should be some more not exactly freebies or welfare, but something more attuned towards consumption and we were already seeing that even in the financial markets. I gave you the number of top line, the most obvious data point to c...

Modi is set to be sworn in for third term as India's Prime Minister in coalition government with key partners Telugu Desam Party and Janata Dal (United). Economists anticipate focus on economic reforms to achieve goal of Vikshit Bharat by 2047. Budg...

India may increase FY25 capital expenditure by 8-10% from the ₹11.11 lakh crore vote on account allocation, boosted by better tax revenue and a record RBI surplus transfer. The full budget, awaited post-election results on June 4, could see a surge ...

Ten years ago, Narendra Modi, a supporter of private sector growth, became India's Prime Minister. His focus on reviving public-sector companies challenges the expectation of minimal government involvement in business.

Sitharaman said the share of capex in overall expenditure went up to over 21% in 2023-24 as against just 12% in 2013-14 during the UPA regime, when infrastructure development remained grossly neglected.

Government policy is to provide free diagnosis and treatment to all registered TB cases. Yet patients pay ‘out-of-pocket’ for several other components such as consultation fees, non-TB drugs, other diagnostic tests, travel expenses in pre-treatment ...

The overall subscription of Veritaas Advertising stood at 7.69 times, driven by strong interest from retail investors.

Large public sector companies in India spent over Rs 50,200 crore on capital expenditure in April FY25, 6.46% of the annual target of Rs 7.77 lakh crore. Spending was lower than in April FY24. The Finance Ministry expects spending to increase. Railw...

A high-level expert panel on floor wages in India is set to re-examine the wage rates finalised earlier, considering minimum wages notified by all states across three categories. The panel, led by SP Mukherjee, will hold its final meeting on May 27 ...

"The major reasons cited for India's growth prospects in FY25 include robust public investment/ capex push by the government, sustained growth in business and consumer confidence, and strong services sector, among others," industry body PHDCCI said ...

Sanstar, specializing in plant-based products, approved for IPO to fund Dhule expansion and debt repayment. Third-largest Maize products manufacturer in India. Book Running Lead Manager: Pantomath Capital Advisors. Proposed listing on BSE and NSE.

The GoI's focus on increasing capital expenditure (capex) to address infrastructure and energy deficits has been significant. Public capex as a percentage of GDP has risen from 1.65% in 2019-20 to 3.2% in 2023-24, with its share in public expenditur...