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Tuesday, Jun 17, 2025
The federal government met targetted fiscal deficit of 6.4% of the gross domestic product, helped by higher tax revenue even as spending increased, as per a statement. The government will release the revised GDP estimate later in the day.
According to a report by HR solutions provider Genius Consultants, 30 per cent of the respondents said that cost-cutting is the reason behind the layoffs, and 23 per cent blamed the mass economic downfall as being the reason.
The Monetary Policy Committee (MPC) of the Reserve Bank met for three days on April 3, 5 and 6 to take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24.
PlanBio, a bioeconomic plan developed by the state of Para over two years, aims to incentivize environmental research, development and innovation.
Today, we are a very high per capita income State. Has the boon turned into a bane? asks the columnist.
Though a hike in taxes and fees was expected in the Kerala Budget FY 23-24, a cess of Rs.2 on petrol and diesel was a shocker.
The Economic Review was tabled in the Kerala Legislative Assembly on Thursday prior to the presentation of the State Budget.
Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024.
"The slowdown in the global economy and rising uncertainty will weigh on export and investment growth," the World Bank said.
"Macroeconomic policies are responding to the significant headwinds, with fiscal policy measures supporting vulnerable groups and monetary policy addressing persistently high inflation," MF Deputy Managing Director Antoinette Sayeh said at an event in New Delhi.
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