Topic
fiscal policy
Business At 14%, GST collections in June grow fastest in 8 months, driven by import surge
India's GST collections grew 13.9% in June, the fastest in eight months, reaching Rs 1,94,812 crore, driven by a 35% surge in import IGST from rising crude and fertiliser prices. Domestic collections rose 6.5%, while net collections after refunds stood at Rs 1,62,377 crore, up 11.2%.
Business UK Borrowing Surges to £23.3bn in May, Overshooting Forecasts by £5.6bn
UK government borrowing surged to £23.3bn in May, nearly a third higher than the same month last year and £5.6bn above the Office for Budget Responsibility's March forecast, according to the Office for National Statistics. Interest payable on government debt hit a record £11.7bn for May, driven by the Iran conflict and energy price surge, while Capital Economics warned of a fragile fiscal backdrop for the next prime minister following Andy Burnham's by-election win.
Business India’s Fiscal Policy Shifts to Long-Term Resilience Amid Global Uncertainty, S&P Global Says
India's fiscal policy is transitioning from providing immediate economic buffers to building long-term strategic resilience, according to a report by S&P Global. The shift aims to support domestic growth and strengthen economic resilience amid rising global uncertainties triggered by the ongoing West Asia conflict. Policy measures include fiscal adjustments, industrial policy changes, and energy source diversification.
Business India Government Sees GDP Momentum Intact, No Extra Borrowing Needed Despite Middle East Crisis
The Indian government remains confident in its growth outlook despite rising fuel and fertiliser import costs from the Middle East crisis, with sources saying GDP momentum is intact and no additional borrowing is needed. The government targets a fiscal deficit of 4.3% of GDP for FY27 and plans to reassess macroeconomic conditions in July after Q1 growth data.
Business Why the US economy keeps defying the odds: corporate investment and energy resilience drive outperformance
The US economy continues to grow at a steady pace despite global shocks such as trade tariffs, immigration changes, and Middle East conflict. Corporate capital expenditure remains high at 13.9% of GDP, productivity has risen, and energy independence from fracking has reduced vulnerability to oil price spikes. Cultural attitudes toward risk-taking and structural differences with Europe further explain the divergence.
Business Farmer health as India's fiscal shield: A bioeconomic analysis for trade stabili
A recent field study in Maharashtra shows that farmer health capital (FHC) is a depreciating asset costing families ₹23,233 per season and 60% of households into predatory debt. The bioeconomic human infrastructure balance sheet quantifies lost productivity and state budget strain, with implications for India's agricultural export supply chains.