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After FY26, fiscal deficit target will be a range: Finance Secy Somanathan

Business Standard LogoBusiness Standard8h ago

After FY26, fiscal deficit target will be a range: Finance Secy Somanathan - Business Standard

Quick Summary:

The top 100 companies account for 50 per cent of CSR expenditure.

My calculations show a deficit in the range of 4.4-3.7 per cent of GDP would get us there.We will reach 4.5 per cent.

In another panel discussion, market experts were divided on the recent increase in long-term capital gains tax (LTCG) from 10 per cent to 12.5 per cent on equities.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 23:48:35 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21875542

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 328 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

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Website Security: Secure (HTTPS)

Publisher ID: #49

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