The Union budget for 2024-25 is surprisingly silent on health, said Prof K Srinath Reddy, a leading public health expert and former president of the Public Health Foundation of India (PHFI) on Wednesday. While infrastructure and employment are undoubtedly vital for India’s development, he said, it was as if the budget wished to erase any … Read more
New Delhi: The Centre will aim to keep its fiscal deficit for FY26 below 4.5% of the GDP, in line with its performance over the past two fiscals, where it bettered projections, finance secretary T.V. Somanathan said. “The objective for the next year (FY26) remains to have the fiscal deficit below 4.5%,” Somanathan told Mint … Read more
However, private weather forecaster Skymet believes the southwest monsoon will gather pace in the coming days and will cover the entire country ahead of its schedule. Garima Kapoor, Economist, Elara Capital, pointed out that the El Nino conditions that prevailed since June 2023 led to subnormal monsoons in India last year. This year, the chance … Read more
Edited excerpts: What is your assessment of the current market structure? Where is the Indian stock market heading? There are two ways that I would look at the current situation: 1. Versus pre-COVID: The Nifty 50 is currently trading at nearly 22.5 times the trailing 12-month (TTM) price-to-earnings (PE) ratio, compared to 26.5 times (three-year … Read more
The fresh flare-up in tensions between Israel and Iran has made investors nervous and is the biggest reason behind the selloff in the Indian market this week. “Tension in the Middle East is the major reason for selling in the Indian equity market as this has put doubts regarding the geopolitical uncertainty in the region,” … Read more