India’s fiscal deficit for the year ending March 2024 is expected to be slightly better than the government’s projection of 17.35 trillion rupees ($207.81 billion), a government source told Reuters on Thursday.”Extra tax receipts and some non-tax revenues helped in bettering the fiscal deficit target,” the government source, who did not want to be named, told reporters in New Delhi.
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New Delhi: Engineering and construction major Larsen & Toubro (L&T) pragmatically views FY25 as a six-month period due to disruptions in businesses from the ongoing general elections, and expects order intake and revenue to grow 10% and 15%, respectively, in the current fiscal year, chief financial officer R. Shankar Raman said.
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State-run lender Punjab National Bank plans to seek clarification from the central bank on whether its draft guidelines proposing higher provisioning for infrastructure financing would be applicable for small loans as well.“There is no need to panic,” said PNB managing director and chief executive Atul Kumar Goel while presenting the bank’s results for the March quarter.
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