CPI

US Fed rate cut: Indian market is on the backburner due to premium valuation, says analyst

by
US Fed rate cut: Indian market is on the backburner due to premium valuation, says analyst

In the past month, the global equity market had exhibited volatility and mixed performance leading towards the pivotal FOMC decision of September 18. It was highly anticipated that the Fed would break its hawkish policy started since early 2022 and shift to an accommodative monetary policy by initiating a 25bps cut. The market believed that, … Read more

Centre aims to better the fiscal deficit target in FY26: Somanathan

by
Centre aims to better the fiscal deficit target in FY26: Somanathan

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