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
Ratan Tata’s millennial friend Shantanu Naidu gets top role at Tata Motors
Shantanu Naidu, known for his special bond with late industrialist Ratan Tata, was promoted to General Manager, Head of Strategic Initiatives, at Tata Motors after spending more than six years at Tata Sons. Naidu, 32, […]
Business & Economics
Gold, Bitcoin surge on concerns over global debt pile
New York (TIP)- The Bitcoin price has reached yet another all-time high, surging above US$125,000 (AUD$190,000) over the weekend as investors pile into assets viewed as hedges against currency debasement. Gold is also glittering, flirting […]
Business & Economics
Employment rate rises 6% provisionally in FY24 from 3.2% in FY23: RBI data
India’s employment rate grew by 6 per cent in the fiscal year ended March 31, 2024 from a growth of 3.2 per cent in 2022-23, according to the Reserve Bank of India’s data. Employment in […]
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Aw, this was a very good post. Finding the time and actual effort to produce a top notch article… but what can I say… I procrastinate a whole lot and don’t seem to get nearly anything done.
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.
Can I simply say what a comfort to find a person that actually knows what they are talking about online. You certainly know how to bring a problem to light and make it important. A lot more people have to read this and understand this side of the story. I was surprised you’re not more popular given that you surely possess the gift.
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At this time it seems like Drupal is the preferred blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
Aw, this was a very good post. Taking the time and actual effort to make a very good article… but what can I say… I hesitate a lot and never manage to get anything done.
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.
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.
Currently it seems like WordPress is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
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Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say fantastic blog!
At this time it looks like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Currently it seems 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?
At this time it seems 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?
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.
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Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say excellent blog!
At this time it sounds 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?
Right now it appears like BlogEngine is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Right now it appears like Expression Engine is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?