The Centre's fiscal deficit at the end of February stood at 82.7 per cent of the full year budget target, mainly on account of higher expenditure, according to government data released on Thursday. In the last financial year, the fiscal deficit or gap between the expenditure and revenue was 76 per cent of the Revised Estiamate (RE) of 2020-21. In actual terms, the deficit stood at Rs 13,16,595 crore at the end of February this year, as per the data released by the Controller General of Accounts (CGA).
Coal India's (CIL's) revenue for the first quarter of 2024-25 (Q1FY25) came in at Rs 36,500 crore, up 1 per cent year-on-year (Y-o-Y) and down 3 per cent sequentially, which was in line with consensus. The blended average selling price was Rs 1,687/tonne, down 5 per cent Y-o-Y and down 1 per cent Q-o-Q, which was below estimates. The adjusted operating profit (excluding overburden removal or OBR costs) stood at Rs 11,500 crore up 3 per cent Y-o-Y and up 17 per cent Q-o-Q, which beat the street. This was due to lower operating expenses.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
Riding on improved receipts, the Centre succeeded in containing fiscal deficit to Rs 43,467 crore (Rs 434.67 billion) in the first five months of this fiscal but expenditure rose marginally during the period.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.
Even a whiff of an incident like the violent 1989 shirt-ripping attack on Krishnamachari Srikkanth by a Karachi spectator would be ruinous. It would set back the ties further, derail an ongoing tournament, and harden Indian attitudes on playing Pakistan anywhere at all, asserts Shekhar Gupta.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
Micromanagers feel the need to be involved in every decision, hence they will avoid delegating tasks and spend a lot of time focusing on minor details rather than the bigger picture, says Sonica Aron, founder of the HR consultancy firm, Marching Sheep.
The Indian Air Force, in particular, has grown from a very modest beginning just about 90 years ago, to being "one of the most formidable air forces in the world", the IAF chief said.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
Data collated for 47 BSE50 companies (as of H1FY25) shows employees and workers filed 8,468 such complaints in FY24.
Trumponomics, poor growth, and high valuation certainly don't make a bullish recipe for Indian markets, warns Debashis Basu.
IOA president P T Usha on Sunday slammed the revolting executive council members, saying they 'seem more focused on self-serving power play and monetary gain'
'Lack of self-control over spending leads to a credit card debt trap.' 'People think they have money and spend using a credit card, but when it's time to pay, they realise they don't have the money.'
'Personal income tax is growing by 27 per cent and most refunds have already been issued.'
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
Cases of front-running mostly happen when large asset managers and intermediaries are involved in bulk trades as their transaction size is generally big enough to impact the stock price.
The Punjab and Haryana high court on Wednesday ordered the Haryana government to remove within a week the barricading set up at the Shambhu border near Ambala where farmers have been camping since February 13 when their 'Delhi Chalo' march was stopped.
Are you ready to take control of your financial future? Ramalingam Kalirajan offers a step-by-step guide to calculate exactly how much money you will need when you enter your golden years.
Consider a combination of a base policy and a super top-up policy.
The deficit stood over Rs 8 trillion in the first seven months of the current financial year. Non-tax revenues, comprising transfers from the RBI and dividends of the public sector units, shored up the Centre's revenues.
The Iranian missile attack on Israel appears to have been defeated and ineffective, United States President Joe Biden said, hours after Tehran fired nearly 200 missiles at Israel.
The stock of commercial vehicle (CV) company Ashok Leyland is up 46 per cent in the past three months, gaining despite worries about a slowdown in sales volume. Brokerages have a mixed view on the country's second-largest medium and heavy commercial vehicle manufacturer. The company reported steady March quarter results and its valuation, focus on growth and medium-term prospects are positive, but some brokerages are cautious, given near-term demand concerns and the risk of competition increasing in the industry.
Aviation watchdog DGCA has issued a circular to airlines and the Airports Authority of India (AAI) on measures to deal with threats from jamming and spoofing of the Global Navigation Satellite System (GNSS) amid reports of such interference in the Middle East.
'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'
Union excise duty collection dropped 18 per cent in August year-on-year at a time when the overall central tax kitty rose about 94 per cent before devolution to the states. The mop-up from Union excise duty declined to Rs 23,576 crore in August this year compared to Rs 28,816 crore in the same month a year ago. On the other hand, total tax collection rose to Rs 2.9 trillion in the month as against Rs 1.5 trillion in August 2022-23, shows the data released by the Controller General of Accounts (CGA).
It is likely that the party's allies in Tamil Nadu and West Bengal, two of the five states going to the polls in April-May, might insist on allocating fewer seats than they did in 2016, reports Archis Mohan.
'These allegations need to be treated with utmost seriousness.'
The fallout from the Justice K Hema Committee report on harassment and abuse in the Malayalam film industry intensified on Monday as a case was filed against well-known filmmaker Ranjith, and several female actors stepped forward with disturbing accounts of the mistreatment they faced at the hands of their various male counterparts.
Fiscal deficit for 2020-21 was at 9.3 per cent of the gross domestic product (GDP), lower than 9.5 per cent estimated by the finance ministry in the revised Budget estimates, according to the CGA data. Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) on Monday said that the revenue deficit at the end of the fiscal was 7.42 per cent.
Info Edge (India), the country's leading consumer internet company known for its platforms in recruitment (naukri.com), real estate (99acres.com), matrimony (jeevansathi.com) and education (shiksha.com) space, delivered revenue growth in line with expectations in the April-June quarter (Q1) of FY25.
The Budget should use the extra RBI surplus to better effect, suggests A K Bhattacharya.
When asked about the Uniform Civil Code, Gandhi said he would comment on it only after he knows what is BJP's proposal.
Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
Even while bringing the curtains down on his T20I stint, Jadeja was in the shadows of the icons.
Systematic Withdrawal Plan, or SWP, can help you achieve your financial goals. Ramalingam Kalirajan's step-by-step guide on how to effectively use an SWP.
Terming it a "very sorry state of affairs", the apex court said the state was just trying to find some excuse or the other.
The heat wave is likely to impact parts of Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Punjab, Haryana, Delhi, Rajasthan, Madhya Pradesh, Jharkhand, Odisha and Gangetic West Bengal, the Met office said.
