• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Government’s New Poll-Driven Schemes Won’t Impact India’s Fiscal Deficit: S&P

OMMCOM NEWS by OMMCOM NEWS
November 8, 2023
in Business

New Delhi:  The Indian government may announce more “expenditure initiatives” in the run-up to the national elections in the first half of 2024 but this is not likely to impact the country’s fiscal deficit target, according to an S&P report released on Wednesday.

“More expenditure initiatives are possible as we move through this election cycle. In the very near term, these could be supportive of consumption, but they are unlikely to have a major impact on medium-term finances,” said Andrew Wood, S&P’s director for sovereign ratings.

“Revenue growth remains supportive and we expect that will continue. The targets the centre has set are very gradual in terms of pace of consolidation and there is some pace to manoeuvre within the glide path, as long as the economy stays pretty strong,” he added.

Prime Minister Narendra Modi last week announced another extension of the free foodgrain scheme, started during the pandemic, for another five years.

The government plans to bring down the fiscal deficit from 5.9 per cent of the GDP in 2023-24 to 4.5 per cent in FY26. The expenditure on free foodgrains for the current financial year has already been budgeted at Rs 1.7 lakh crore.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

To Curb Air Pollution, Delhi Govt Mulls Idea Of Artificial Rain By Nov 20: Gopal Rai After Meeting With IIT-Kanpur Experts

Next Post

UGC Sets Regulations For Foreign Higher Educational Institutions In India

Related Posts

Business

Top Discount Brokers Groww, Zerodha, Angel One, Upstox’s Investors Base Continues To Shrink In August

September 10, 2025
Business

Positive Exchange Of Words In India-US Trade Dialogue Raises Hopes Of Tariff Relief: Economists

September 10, 2025
GST
Business

GST Rationalisation To Empower Traders, Exporters, And Common Man: CBIC Chairman

September 10, 2025
Business

SIP Inflows Remain Flat At Rs 28,265 Crore In August: AMFI Data

September 10, 2025
Business

India, UAE Review Entire Spectrum Of Comprehensive Strategic Partnership

September 10, 2025
Business

It May Not Be Possible To Bring Petrol, Diesel Under GST For Time Being: CBIC Chief Sanjay Agarwal

September 10, 2025
Next Post

UGC Sets Regulations For Foreign Higher Educational Institutions In India

US CDC Flags New Covid Variants JN.1, HV.1

Representative image

MEMU Train Derails Near Sambalpur After Hitting Cattle

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.