Prasanta Sahu

Fertiliser subsidy itself may be higher by Rs 1-1.3 lakh-crore unless Hormuz blockade ends soon

The Centre is quietly nudging Tata Group’s leadership to resolve governance and succession tensions ahead of key Tata Trusts and Tata Sons meetings in June.

The Centre has met its FY26 fiscal deficit target of 4.4% of GDP while achieving nearly 98% of its capital expenditure goal, supported by strong spending on infrastructure and state assistance programmes.

Curbs on outward remittances under consideration too

Even though the rupee has approached a critical depreciation threshold, India is unlikely to reopen a special Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit

The government is exploring various options to resolve the imbroglio over the plan to privatise IDBI Bank, including allowing the two existing bidders in the stalled auction process to improve their offers.

The government is set to constitute a high-level banking reform committee that will review sector architecture, bank consolidation, FDI norms and regulatory requirements to support India's Viksit Bharat ambitions.

The Centre and RBI have launched coordinated measures, including full tax exemptions on FPI government bond gains, to combat rupee depreciation and fund a rising current account deficit.

While infrastructure spending slowed, states saw a 20.3% surge in tax revenues, allowing them to slash market borrowings by over 36%.

Despite rising global commodity prices increasing subsidy bills and fiscal pressures, the Indian government maintains strong fiscal control and growth momentum, supported by resilient demand and strategic policy measures.