The Budget signals slowing fiscal consolidation as focus shifts to reinforcing growth, global ratings agency Moody’s Ratings said on Tuesday but it expects that govt is within reach of its near-term deficit target of 4.5% by fiscal 2025-26.
“Planned cuts to personal income tax rates will bolster middle-class spending power and consumption, which is credit positive for many corporates and the financial sector,” the agency said in a note. “However, the resulting foregone revenue will slow the pace of the country’s fiscal consolidation even as total spending declines as a share of GDP. The proportion of spending allocated to debt servicing continues to increase,” Moody’s Ratings said. It said the increase in exemption limits for income tax will boost disposable income, particularly for urban middle-class households. The agency said that along with easing inflation, higher growth in real income will bolster consumption growth, facilitating a credit-positive recovery for many consumer-facing sectors. Moody’s said in the Budget for the fiscal year ending March 2026 (fiscal 2025-26), govt is targeting a central govt deficit of 4.4% of GDP.
Business & Economics
Anil Ambani’s ‘Abode’ worth Rs 3,716 crorPMLA case: ED attaches e
New Delhi (TIP): The Enforcement Directorate (ED) on Wednesday said it has attached Reliance Group chairman Anil Ambani’s Mumbai house, ‘Abode’, worth Rs 3,716 crore under the anti-money laundering law. The attachment comes a day […]
Business & Economics
OpenAI hits $500 billion mark as SoftBank, others buy shares: Report
OpenAI, the maker of ChatGPT, has reached a valuation of $500 billion after a share sale by employees, reported news agency Reuters. The deal involved current and former employees selling about $6.6 billion worth of […]
Business & Economics
ADB retains India’s growth forecast at 7%
The Asian Development Bank (ADB) has maintained India’s GDP growth forecast at 7 per cent for the current financial year, citing that a rebound in agriculture is expected given above-normal monsoon projections. The ADB forecast […]
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Right now it sounds like BlogEngine is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
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At this time it appears like Expression Engine is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Right now it seems like BlogEngine is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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Currently it appears like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
At this time it seems like Drupal is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Currently it appears like BlogEngine is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Hey there, You’ve done an excellent job. I will definitely digg it and for my part suggest to my friends. I’m confident they’ll be benefited from this site.
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Currently it sounds like Drupal is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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