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India budget ‘tactical’, not ‘breakthrough’, Moody’s Ratings says

MUMBAI, Feb 1 (Reuters) – India’s annual federal budget was “tactical” but not a “breakthrough”, Moody’s Ratings said in its reaction to a government roadmap for the next financial year. Planned fiscal consolidation, which will bring the budget gap to 4.3% from 4.4% in the current year, will not change India’s credit profile, Christian de Guzman, senior vice president at Moody’s Ratings, told Reuters. “(Despite India’s) lengthening track record of deficit consolidation or fiscal discipline, this deficit is still wider than what it was prior to Covid,” Guzman said. “We haven’t seen the fiscal metrics improve sufficiently enough to actually

India to borrow record 17.2 lakh crore rupees in fiscal year 2027

MUMBAI, Feb 1 (Reuters) – India’s central government will borrow a record 17.2 lakh crore rupees ($187.6 billion) in fiscal year 2026–27, with the bond supply higher than most market estimates, the annual budget showed on Sunday. Finance Minister Nirmala Sitharaman announced a budget that makes a fresh bet on the local manufacturing sector in Asia’s third-biggest economy, pledging to accelerate growth amid a volatile global environment. The gross borrowing will be 17% higher than the current fiscal year’s 14.61 lakh crore rupees. The net borrowing will rise to 11.73 trillion rupees next fiscal from 11.33 lakh crore rupees for

India’s real-estate firm Confident Group founder C.J. Roy dies by suicide, local police said

Jan 30 (Reuters) – C.J. Roy, the founder and chair of real-estate firm Confident Group, died by suicide in the southern city of Bengaluru on Friday, local police said. Roy shot himself and was pronounced dead at a nearby hospital, Bengaluru city police chief Seemanth Kumar Singh told the media in a briefing. Initial reports suggest that there was an ongoing tax raid, Singh said, without disclosing further details. Authorities were conducting income tax raids against the group in Bengaluru when Roy shot himself and was rushed to Narayana Hospital, several Indian media outlets said. Founded nearly two decades ago,

Menstrual health is fundamental right: Supreme Court orders free sanitary pads, separate toilets in school

New Delhi, Jan 30 (PTI) Declaring the right to menstrual health as part of the right to life under the Constitution, the Supreme Court on Friday directed all states and Union Territories to provide free oxo-biodegradable sanitary napkins to girl students and functional, gender-segregated toilets for all the students. In a landmark judgment to ensure gender justice and educational equity, a bench comprising Justices J B Pardiwala and R Mahadevan issued a slew of directions to all states and UTs to ensure that these facilities are provided in schools irrespective of whether they are government-run, aided or private. The verdict,

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