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India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report

This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…

ANI   


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Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary

​​Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…

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Budget 2024: Key sustainability and energy initiatives that Indian government plans to implement this year

Budget 2024 aims to boost renewable energy with rooftop solar, EVs, offshore wind, green hydrogen, …

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Morgan Stanley expects Budget to focus on road map for 'Viksit Bharat'

Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23, which will be the…

PTI   


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Interim Budget 2024: FY25 capex hiked 11%; no change in tax slab, says FM Sitharaman

Finance Minister Nirmala Sitharaman is presenting the Interim Budget 2024-25 at Parliament on Thurs…

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Russia's budget surplus tanked in August amid sanctions and slowing natural-gas supplies to Europe

Russia's surplus fell to 137 billion rubles in the first eight months of 2022 — down from 481…

Huileng Tan   


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Gov. Newsom wants to send direct payments to Californians from the state's unexpected $75 billion budget surplus

In his "Golden State Stimulus," California Gov. Gavin Newsom plans to send middle-income people $60…

Ayelet Sheffey   


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The Union Budget is round the corner, but is your budget sorted?

Only a few days are left for the Union Budget and everyone is talking about it. As we all know, a b…

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1 min read

Saudi Arabia is on track for its first budget surplus in nearly a decade as the Kingdom rakes in oil revenues amid a global energy crunch

Despite more spending, Saudi Arabia's budget surplus hit $21 billion in the second quarter thanks t…

Phil Rosen   


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RBI is giving more money to fill the budget hole that may get bigger after the second wave of COVID-19

The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the Centre for nine mon…

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RBI’s annual surplus to the government this year is only one-third of what it was last year

In 2019, the RBI allocated a record ₹1,76,000 crore ($23.5 billion), which was mostly made up of…

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4 mins read

India’s rich to shell out more for luxury cars, global travel but may have more to invest

The Union Budget 2023-24 is being hailed as the common man’s budget, but at the same time many …

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Gujarat's annual budget for the next financial year has a surplus of ₹588 crore

Gujarat Deputy Chief Minister Nitin Patel, who also holds the Finance portfolio, on Wednesday prese…

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6 mins read

What is economic surplus and how does it work?

Economic surplus refers to the gain consumers and producers receive in a particular transaction and…

Melanie Lockert   


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Centre, several states presented deficit budgets. Only Delhi has surplus budget in these difficult times: Kejriwal in Delhi Assembly. PTI VIT GVS TDS TDS

Centre, several states presented deficit budgets. Only Delhi has surplus budget in these difficult …

PTI   


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Delhi has got surplus budget since AAP came to power. Around 55 pc of budget meant for schemes and programmes: CM Arvind Kejriwal. PTI VIT GVS RC

Delhi has got surplus budget since AAP came to power. Around 55 pc of budget meant for schemes and …

PTI   


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The Modi administration’s overspending gets rewarded with an interim dividend from the central bank

The RBI will transfer ₹280 billion worth of its surplus reserves in the form of an advanced divi…

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4 mins read

Budget to aid flagging affordable home segment, boosts demand with infra push

The Budget of India in 2023-24 has given a much-needed boost to affordable housing, with increased …

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High protein and budget friendly — a dietitian shares her tips for eating well as grocery prices soar

Save money on groceries by planning meals with affordable proteins, frozen seafood, and buying item…

Gabby Landsverk   


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The 12 countries with the world's biggest budget surpluses

Some nations are better at achieving this goal than others, with a range of economic and political …

Will Martin