As India was locked down due to the first wave of Covid, economic activity ground to a halt. That led to a high fiscal deficit of 9.5% in FY21. The fiscal deficit for FY22 is likely to be in the region of 6.3-6.4% against the initial estimate of 6.8%, thanks to a pick-up in economic activity after the second wave of Covid.
Capital spending by the government was lower by 15.4 % in April-September 2024 after increasing by 43.1% in April-September 2023
Mahanagar Gas shares rose 4% in intraday trade on the NSE on Friday, after the city gas distributor announced a ₹2 per kg price hike for compressed natural gas in Mumbai and nearby areas.
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties
Capital spending by the government was lower by 15.4 % in April-September 2024 after increasing by 43.1% in April-September 2023
Mahanagar Gas shares rose 4% in intraday trade on the NSE on Friday, after the city gas distributor announced a ₹2 per kg price hike for compressed natural gas in Mumbai and nearby areas.
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties
