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India’s fiscal deficit for April–August at ₹5.98 lakh crore, widens to 38% of FY26 target

Economic Times

Economic Times · 1m ago

India’s fiscal deficit for April–August at ₹5.98 lakh crore, widens to 38% of FY26 target

India's fiscal deficit for April-August was ₹5.98 lakh crore, achieving 38.1% of the FY26 target. Net tax receipts decreased to ₹8.1 lakh crore from ₹8.7 lakh crore the previous year, while non-tax revenue increased to ₹4.4 lakh crore from ₹3.3 lakh crore. Total government expenditure rose to ₹18.8 lakh crore, up from ₹16.5 lakh crore, with capital expenditure notably increasing to ₹4.3 lakh crore from ₹3 lakh crore in the same timeframe.

Related News

FY25 fiscal deficit on track: Touches 100.5% of revised target at Rs 15.77 lakh crore

Business Today

Business Today · 5m ago

FY25 fiscal deficit on track: Touches 100.5% of revised target at Rs 15.77 lakh crore

The fiscal deficit for FY25 reached Rs 15.77 lakh crore, achieving 100.5% of the revised target. Government expenditure was Rs 46.56 lakh crore, 98.7% of the fiscal year's budget target. Revenues totalled Rs 30.36 lakh crore, with Rs 24.99 lakh crore from taxes and Rs 5.38 lakh crore from non-tax sources. The fiscal deficit target for FY26 is set at 4.4%.

India's April-September fiscal deficit at Rs 5.73 lakh crore, widens on-year to 36.5% of FY26 aim

Economic Times

Economic Times · 15d ago

India's April-September fiscal deficit at Rs 5.73 lakh crore, widens on-year to 36.5% of FY26 aim

India's fiscal deficit for April to September reached ₹5.73 lakh crore, or 36.5% of the annual target, compared to 29.4% in the same period last year. Total receipts were ₹17.30 lakh crore, and expenditures were ₹23.03 lakh crore. Notably, non-tax revenue rose significantly due to a higher RBI dividend. The government remains committed to reducing the fiscal deficit to below 4.5% by 2026, with strong tax collections despite ongoing capital expenditures.

Centre’s capex slows in February, April to February capex 80% of full year target

Business Today

Business Today · 7m ago

Centre’s capex slows in February, April to February capex 80% of full year target

The central government's capital expenditure from April 2024 to February 2025 reached Rs 8.11 lakh crore, achieving 80% of the full-year target. In February 2025, Rs 54,528 crore was spent, marking a slowdown since December 2024. Key sectors like railways and roads completed 91% and 90% of their targets, respectively. The fiscal deficit was Rs 13.46 lakh crore, or 85.8% of the targeted amount. Factors such as general elections and prolonged monsoon impacted spending forecasts.

FY26 fiscal deficit pegged at 4.4%: Math unlikely to be hit

Economic Times

Economic Times · 2m ago

FY26 fiscal deficit pegged at 4.4%: Math unlikely to be hit

The Indian government remains confident in maintaining the FY26 fiscal deficit at 4.4% of GDP, despite potential revenue losses from GST rate reductions. Estimated losses of ₹48,000 crore could be mitigated by a surge in the consumption of goods, especially during festive seasons. Measures like reprioritizing expenditures and savings on certain spending will assist in achieving the fiscal target. Economic growth and accommodating necessary financial aid for exporters are also planned to support this target.

Do bond fund investors need to change their strategy after Budget?

Money Control

Money Control · 1y ago

Do bond fund investors need to change their strategy after Budget?

On July 24, the India 10-Year Bond Yield increased to 7.09%. This rise in yield is seen as a positive for the Indian bond market as the government remains committed to reducing public debt-to-GDP ratio and fiscal deficit. In the Budget 2024, the total capital expenditure for the financial year 2025 remains unchanged at Rs 11.1 lakh crore, and the fiscal deficit target has been reduced to 4.9% from the previous estimate of 5.1%. This fiscal consolidation path is expected to create opportunities for the Reserve Bank of India to make necessary policy adjustments.

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

Economic Times

Economic Times · 3m ago

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

The Central Government does not anticipate any revenue shortfall and aims to meet the fiscal deficit target of 4.4% of GDP, amounting to Rs 15.69 lakh crore for 2025-26, according to Minister of State for Finance Pankaj Chaudhary. The government will support state finances through various grants and schemes, with total resources transferred to states estimated at Rs 25.01 lakh crore. Public sector banks are close to fully staffed, with ongoing recruitment efforts.

Budget Snapshot: Centre can afford to not cut its FY25 borrowing target

Money Control

Money Control · 1y ago

Budget Snapshot: Centre can afford to not cut its FY25 borrowing target

The central government in India can easily borrow from the domestic bond market to finance its fiscal deficit, especially with the unexpected increase in revenue from a large dividend payout by the Reserve Bank of India (RBI). This gives the government more flexibility for spending or potentially reducing the fiscal deficit. Some market participants suggest that the government could even bring down the fiscal deficit target further from the 5.1 percent of GDP stated in the interim budget.

Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses

Entrackr

Entrackr · 11d ago

Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses

Bluestone has announced its financial results for the second quarter of the ongoing fiscal year (Q2 FY26) on Tuesday. The firm’s revenue grew by 37.5% year-on-year, while its losses were reduced by 38% in the same period. Bluestone's revenue from operations increased to Rs 513 crore in Q2 FY26, compared to Rs 373 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a half-yearly basis, Bluestone’s operating revenue increased by 39% to Rs 1,006 crore in Q2 FY26 from Rs 722 crore in Q4 FY25. The sale of diamond, gold, platinum, gemstone, and pearl jewelry was the sole source of revenue from Bluestone. However, the firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 12 crore from non-operating sources, which took Bluestone’s total revenue to Rs 525 crore in the first quarter. On the expense front, the cost of materials remained the largest cost center for Bluestone, accounting for 54% of its total expenditure. This expense increased by 32% year-on-year, rising to Rs 310 crore in Q2 FY26 from Rs 235 crore in Q2 FY25. Employee benefit rose 60% to Rs 72 crore in Q2 FY26. Overall, Bluestone's total costs grew by approximately 23%, reaching Rs 576 crore in Q2 FY26. The growth momentum in the company helped to cut its losses by 38% to Rs 52 crore in Q2 FY26 from Rs 84 crore in Q2 FY25. For the half-year, the company’s loss decreased by 40% to Rs 87 crore in H1 FY26 from Rs 144 crore in H1 FY25. Bluestone launched its initial public offering (IPO) in August 2025, with a price band set between Rs 492 and Rs 517 per share. The stock made its market debut on 19 August 2025 at Rs 510, reflecting a slight 1.3% discount from its issue price of Rs 517 and raised Rs 1,500 crore overall, which included Rs 693 crore garnered from anchor investors earlier that month. At the end of today’s trading session, Bluestone’s share traded at Rs 714, with a 0.4% increase in its share price. The company’s total market capitalization stood at Rs 10,810 crore (approx $1.2 billion).

India's merchandise trade deficit likely widens to USD 28 billion in September amid gold imports surge: UBI Report

Economic Times

Economic Times · 1m ago

India's merchandise trade deficit likely widens to USD 28 billion in September amid gold imports surge: UBI Report

India's merchandise trade deficit is projected to widen to USD 28 billion in September 2025, up from USD 26.5 billion in August, largely due to a significant surge in gold imports, according to Union Bank of India. This rise in imports is driven by the festive and wedding season, even as global commodity prices remain relatively stable. Additionally, delayed US-India trade agreements and strong import demands are expected to maintain the deficit in the near term.

UPI transactions jump 36% to Rs 60 lakh crore in June quarter

Economic Times

Economic Times · 1y ago

UPI transactions jump 36% to Rs 60 lakh crore in June quarter

In the first quarter of the current fiscal year, UPI transactions have seen a 36% growth to reach Rs 60 lakh crore, according to Minister of State for Finance Pankaj Chaudhary. Between April and June 2024-25, there were 4,122 crore UPI transactions worth Rs 60 lakh crore. For the entire fiscal year 2023-24, there were 13,113 crore UPI transactions with a value of Rs 200 lakh crore. The facility of cardless cash deposits through UPI has also been extended, subject to certain conditions and limits.

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