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Centre likely to save over Rs 70,000 crore on expenditure in FY25

FinMin has parked Rs 62K cr towards "new schemes" with the DEA, most of which is expected to go unspent with only two and half months left in FY25

NFRA looks to enhance communication between auditors and audit panels

The first part of the interaction series draws auditors' attention to potential questions that audit committees or boards of directors may ask regarding accounting estimates and judgements

Centre releases tax devolution of Rs 1.73 trillion to state govts

A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures

India's economy likely to grow 6.6% in 2025, 6.7% in 2026: UN report

The report highlighted that capital expenditure on infrastructure development is expected to have strong multiplier effects on growth in the coming years

Business Standard poll: Experts see FY26 nominal GDP growth at 10-11%

The first advance estimates released by the National Statistics Office (NSO) on Tuesday estimated a nominal GDP growth of 9.7 per cent for FY25

Capex should be ramped up by 25% over BE: CII President Sanjiv Puri

CII President Sanjiv Puri said that exports are facing headwinds while suggesting measures such as minimum import and anti-dumping duty

Govt's fiscal deficit target in reach despite lower GDP estimate

The Budget had assumed nominal GDP to grow 10.5 per cent for FY25

Jobs, growth, demand in focus as FinMin concludes pre-Budget talks

The Union Budget for FY 2025-26 assumes significance as it comes on the back of lower than expected growth numbers in the second quarter and geopolitical uncertainty

India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts

Rural demand, services sector may lift H2 showing

Centre pushes transfer to states to meet capital expenditure goals

Experts feel despite government efforts there has been a lag in capex pick up but there is a good case for continued push towards such expenditure

Prepack insolvency logged slow pick-up, only 13 cases till September

Govt may widen scope of schemes for larger companies and not just MSMEs

India can use retaliatory measures in case of trade war with US: Think tank

In 2023, bilateral trade between India and the United States reached $117.8 billion, with India importing goods worth $42 billion and exporting $75.8 billion

Capex shrinks as fiscal deficit reaches 52% of FY25 estimate: CGA data

Economists said the Centre's capex needs to expand by 65 per cent Y-o-Y in December 2024-March 2025 or record a monthly run rate of Rs 1.5 trillion, to meet the FY25 target of Rs 11.1 trillion

Industry seeks tax relief, capex boost, reforms at FinMin's pre-budget meet

Industry representatives stressed that, given the uncertainty caused by persisting global headwinds, government's focus on public capex in physical, social, and digital infrastructure will be crucial

Budget FY26: Economists urge govt to focus on consumption, tax reforms

Economists say Budget's focus should be to stimulate consumption, manufacturing, and propel employment. They also want the Centre to continue support to the MSME sector

Monetary policy stance may have led to demand slowdown in H1: Finmin review

India's economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.4 per cent

CCI to intervene selectively, considering sector-specific dynamics

The annual report noted that the rapid rise of digital markets based on new business models have emerged as challenges for the regulator

NFRA slaps a penalty of Rs 2 crore on Deloitte Haskins for ZEEL audit

NFRA found that ZEEL had misappropriated its money and made unauthorised transactions with related parties without the approval of the audit committee, the board, and shareholders

The India story: How India, the 'bright spot', can continue to shine

The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies

ICAI prez: Disciplinary committee probing Byju's auditing 'lapses'

Byju's financial disclosures had come under ICAI's scanner because of a 22-month delay in the submission of its financial reports