Net tax receipts were 9.2 trillion rupees while total expenditure was 16.3 trillion rupees, the data showed
Helped by lower provisions and contingencies, which fell 26%; asset quality was broadly stable with 1% rise in GNPAs
The post-pandemic fiscal future would also depend on the way government expenditure is directed
Watch Business Standard's BFSI Insight Summit as the best minds of the industry engage in a stimulating conversation on small finance banks
Three-fourths of India's top regulators are retired government officers. This trend must change
Govt needs a realistic economic assessment
India's economy grew 20.1% between April and June, versus a 24.4% contraction during the same period last year.
Industry chamber PHDCCI on Sunday said it expects strong GDP growth in the coming quarters with the economic recovery gaining momentum.
But assures the long-standing issue of farm, fisheries subsidies will be heard at ministerial
Inflation driven by high crude oil prices is a temporary phenomenon and the economy is gradually opening with both public and private investments picking up, senior government officials said
So far this year, the growth in the major banking indicators has been mixed. Growth in deposits has slowed down
In a Q&A, the chairman of an expert group advising the govt, says data in the enterprise-based that which showed a 22% rise in factory jobs in April-June, was misrepresented
The YoY performance of 14 of the 15 high frequency indicators (except non-food bank credit) worsened in September compared to August this year, ICRA said.
All indicators, including GDP, foreign direct investment (FDI) inflows and exports growth, are pointing towards a clear and sharp economic recovery in the country, Piyush Goyal said on Thursday
Indian economy is expected to grow 10.5% or more in the current fiscal, Niti Aayog Vice Chairman Rajiv Kumar said on Thursday
The optimism surrounding the Indian economy has gone up considerably in recent times. But, is all this optimism warranted, especially when we consider India's economic prospects in the medium term?
The Production-Linked Incentive scheme must drive learning to compete, not manufacture
The findings are based on an Ipsos online poll conducted September 4, 2021 - October 8, 2021
There is still uncertainty around domestic demand, capital expenditure by state governments, non-performing assets of the banking sector, and supply-side constraints
Full-fledged private investment recovery expected by Q2FY23, he says