Economy National

India’s Fiscal Deficit Reaches ₹9.14 Lakh Crore in April-December

By BPN News Desk February 1, 2025

India’s fiscal deficit for the first nine months of the financial year 2024-25 reached ₹9.14 lakh crore, accounting for 56.7% of the annual target. The deficit widened compared to the same period in the previous fiscal year due to increased government expenditure on infrastructure, subsidies, and social welfare programs. “The fiscal deficit is the difference

Economy National

Budget 2025: Key Expectations and Economic Survey Insights

By BPN News Desk January 31, 2025

As India gears up for the presentation of Budget 2025, anticipation is high regarding the government’s economic strategy for the coming fiscal year. Finance Minister Nirmala Sitharaman is set to unveil the budget, which will outline key policies affecting taxation, infrastructure, manufacturing, and welfare programs. “Budget 2025 will focus on strengthening the

Economy National

RBI Predicts Economic Rebound for India

By BPN News Desk January 18, 2025

India’s economic growth is set for a significant rebound, according to the Reserve Bank of India’s (RBI) latest bulletin. The central bank highlighted a positive trajectory for the nation’s economy, driven by resilient fundamentals, controlled inflation, and proactive policy measures. Structural Reforms to Propel Growth The RBI attributed the expected

Economy

Singapore Eyes Investment Opportunities in India’s Expanding Economy

By Editor - News Desk January 12, 2025

Singapore identifies investment prospects in India's rapidly growing economy, focusing on sectors like technology, infrastructure, and finance.

Economy

Experts Urge RBI to Reassess Currency Inflexibility

By BPN News Desk January 7, 2025

With growing global economic challenges and evolving market dynamics, calls have intensified for the Reserve Bank of India (RBI) to reconsider its approach to currency flexibility. Economists and market experts are advocating for a balanced strategy to enhance the rupee’s competitiveness while maintaining economic stability. The Case for a Flexible Currency Policy

Economy National

GST Cess Collections May Fall Short of Rs 1.37 Lakh Crore Target

By BPN News Desk January 1, 2025

The Goods and Services Tax (GST) cess collections for the current fiscal year are expected to fall short of the estimated Rs 1.37 lakh crore required for compensating states. This shortfall has raised concerns about fiscal sustainability for state governments relying on GST compensation. The Expected Shortfall According to recent estimates, while the GST cess […]

Economy

ITR-2, ITR-3 Revision to Enable Section 87A Rebate Claims

By BPN News Desk January 1, 2025

The Income Tax Department is set to correct errors in the ITR-2 and ITR-3 forms to allow eligible taxpayers to claim the Section 87A tax rebate for the financial year 2023-24. This move comes as welcome news for individual taxpayers who qualify for the rebate under specific income conditions but have faced difficulties due to […]

Economy National

Gold’s Stellar Performance in 2024: A 26% Gain

By BPN News Desk January 1, 2025

Gold prices soared in 2024, delivering an impressive 26% return to investors. The surge in the yellow metal’s value was fueled by persistent economic uncertainties, inflationary pressures, and geopolitical tensions that drove demand for safe-haven assets. As the year closed, gold prices settled around $2,100 per ounce, marking one of the strongest annual performances in

Economy National

FPI Selling Hits ₹1.2 Lakh Crore in 2024, Second-Highest in a Decade

By BPN News Desk December 31, 2024

Foreign Portfolio Investors (FPIs) pulled out ₹1.2 lakh crore from Indian equities in 2024, making it the second-worst year for outflows in the last decade. The massive sell-off reflects global economic concerns, rising interest rates, and weakening investor sentiment in emerging markets like India. Key Drivers Behind the Outflows Several factors contributed to the

Economy National

India Inc Urges Higher Capex, Tax Relief in FY26 Budget

By BPN News Desk December 30, 2024

India Inc has put forward its expectations for the upcoming FY26 Union Budget, advocating for an increase in capital expenditure (capex) and reductions in tax rates. The corporate sector believes these measures are crucial to sustaining economic growth and boosting private investments. Focus on Capital Expenditure Corporate leaders have emphasized the need for the