Fiscal Consolidation
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Adani Green Energy Q3 Profit Rises 85% To Rs 474 Crore
The consolidated net profit of Adani Green Energy Ltd (AGEL) rose 85 per cent year-on-year in the third quarter of fiscal 2025, market filing shows.
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Union Budget May See Fiscal Consolidation But Rural, Welfare, Subsidies May Go Up: Report
With the Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.
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IMF's Gita Gopinath Praises Centre's Policy Continuity In Fiscal Consolidation Path
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), met Union Finance Minister Nirmala Sitharaman on Saturday and lauded the continuity in "fiscal consolidation path" being followed by the Government.
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
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Opinion | Budget FY25: Making Everyday Life Easier Must Be The Primary Goal
While consolidating its fiscal position and sustaining public expenditure to boost growth, the government must push for more ease of living. Citizens yearn for policies that make everyday life easier.
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Modi 3.0: Moody's Expects Policy Continuity But Delays In Far-Reaching Reforms
The BJP-led National Democratic Alliance's (NDA) slim majority in Lok Sabha may delay more far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation, Moody's Ratings said today.
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Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
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Zomato Reports Consolidated Net Loss in Q3 2022, Says Firm Exited 225 Smaller Cities
Online food delivery platform Zomato on Thursday reported a widening of consolidated net loss at Rs. 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business. The company had posted a consolidated net loss of Rs. 67.2 crore in the same quarter last fiscal, Zomato said in a regulato...
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MTNL Consolidated Loss Widens to Rs. 653 Crore in June Quarter: All Details
MTNL has reported that its consolidated loss narrowed to Rs. 653 crore in the June quarter. The state-run telecom firm revealed that consolidated revenue from operations fell by about 17 per cent in the first quarter of the current fiscal, while auditors of MTNL said the company's net worth has been fully eroded.
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Tata Motors Alerts About Inflation and Chip Shortage as Demand Improves
Tata Motors is currently facing the biggest challenges of dealing with price hike and semiconductor shortage, as the company witnesses an improve in demand. The combination of a chip shortage and strong demand has resulted in pending orders of around 168,000 vehicles at Jaguar Land Rover, said Balaji.
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Greaves Cotton Shuts Ranipet Plant; Will Focus On Operational Efficiency
The company expects the three-wheeler segment to recover in the second half of this fiscal, which has been impacted because of COVID-19.
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India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
-
"Centre Committed To Fiscal Consolidation," Says Finance Minster
Finance Minister Nirmala Sitharaman on Wednesday said the government is committed to follow the path of fiscal consolidation without compromising on public expenditure.
-
Tata Motors Q4 FY2019 Profit Down By 49 Per Cent; JLR Business Shows Improvement
Tata Motors consolidated business (including commercial vehicles and Jaguar Land Rover) has recorded a slump of 49 per cent in profits in the last quarter of FY2019. Its net revenue in the same period stood at Rs. 86,422 Crore against Rs. 88,966 crore in the same period last year which is again a decline of 2.85 per cent. In the same period, the co...
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IMF Advises 3 Steps For India To Sustain Its High Growth Rate
To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund or IMF said today.
-
Adani Green Energy Q3 Profit Rises 85% To Rs 474 Crore
The consolidated net profit of Adani Green Energy Ltd (AGEL) rose 85 per cent year-on-year in the third quarter of fiscal 2025, market filing shows.
-
Union Budget May See Fiscal Consolidation But Rural, Welfare, Subsidies May Go Up: Report
With the Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.
-
IMF's Gita Gopinath Praises Centre's Policy Continuity In Fiscal Consolidation Path
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), met Union Finance Minister Nirmala Sitharaman on Saturday and lauded the continuity in "fiscal consolidation path" being followed by the Government.
-
Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
-
Opinion | Budget FY25: Making Everyday Life Easier Must Be The Primary Goal
While consolidating its fiscal position and sustaining public expenditure to boost growth, the government must push for more ease of living. Citizens yearn for policies that make everyday life easier.
-
Modi 3.0: Moody's Expects Policy Continuity But Delays In Far-Reaching Reforms
The BJP-led National Democratic Alliance's (NDA) slim majority in Lok Sabha may delay more far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation, Moody's Ratings said today.
-
Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
-
Zomato Reports Consolidated Net Loss in Q3 2022, Says Firm Exited 225 Smaller Cities
Online food delivery platform Zomato on Thursday reported a widening of consolidated net loss at Rs. 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business. The company had posted a consolidated net loss of Rs. 67.2 crore in the same quarter last fiscal, Zomato said in a regulato...
-
MTNL Consolidated Loss Widens to Rs. 653 Crore in June Quarter: All Details
MTNL has reported that its consolidated loss narrowed to Rs. 653 crore in the June quarter. The state-run telecom firm revealed that consolidated revenue from operations fell by about 17 per cent in the first quarter of the current fiscal, while auditors of MTNL said the company's net worth has been fully eroded.
-
Tata Motors Alerts About Inflation and Chip Shortage as Demand Improves
Tata Motors is currently facing the biggest challenges of dealing with price hike and semiconductor shortage, as the company witnesses an improve in demand. The combination of a chip shortage and strong demand has resulted in pending orders of around 168,000 vehicles at Jaguar Land Rover, said Balaji.
-
Greaves Cotton Shuts Ranipet Plant; Will Focus On Operational Efficiency
The company expects the three-wheeler segment to recover in the second half of this fiscal, which has been impacted because of COVID-19.
-
India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
-
"Centre Committed To Fiscal Consolidation," Says Finance Minster
Finance Minister Nirmala Sitharaman on Wednesday said the government is committed to follow the path of fiscal consolidation without compromising on public expenditure.
-
Tata Motors Q4 FY2019 Profit Down By 49 Per Cent; JLR Business Shows Improvement
Tata Motors consolidated business (including commercial vehicles and Jaguar Land Rover) has recorded a slump of 49 per cent in profits in the last quarter of FY2019. Its net revenue in the same period stood at Rs. 86,422 Crore against Rs. 88,966 crore in the same period last year which is again a decline of 2.85 per cent. In the same period, the co...
-
IMF Advises 3 Steps For India To Sustain Its High Growth Rate
To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund or IMF said today.
