Analyzing GDP Growth – Q3’FY23 (Oct- Dec’22)
Indian economy has grown by 4.4% during Oct-Dec’22 quarter (Q3’FY23) as per the data released by NSO today. Growth rate significantly lower than 6.3% in Q2’23 and 5.4% in Q3’FY22.…
Industry Analysis – Oil Refining
Crude oil refining industry in India has carved a niche for itself despite huge dependency on crude oil imports, price volatility and above all, an economic imperative to keep the…
Corporate Analysis – Tata Steel
Tata Steel reported losses for the latest quarter ended Dec’22. Coming soon after an exceptional FY22, this shows the vulnerability of its international business which overshadows the strong domestic financials.…
National Highways – Accelerating Momentum
National highways have received much attention in the recent past with the commissioning of some big-ticket projects. The sector had lost way around 2015 when several companies failed to execute…
Analyzing Corporate Tax Exemptions
Tax exemptions for the corporate sector have become a curse considering the huge amount of tax being forfeited by the government. More so, since the large corporates are claiming more…
Budget – Understanding Deficit Terminologies
The budget proposal projects a decline in fiscal deficit (FD) from 6.4% of GDP in FY23 to 5.9% in FY24 whereas revenue deficit is projected to decline more sharply from…
Budget – Revenue & Expenditure Analysis (Part II)
Against total receipt of Rs 27.1 lakh crore, central government is projected to spend nearly Rs 45 lakh crore in FY24. Other than interest payments, broad areas which account for…
Budget – Revenue & Expenditure Analysis (Part I)
The Budget proposal projects total expenditure of Rs 45 lakh crore against receipt of Rs 27.1 lakh crore for the year 2023-24 or FY24. This implies fiscal deficit of Rs 17.9…
Budget 2023-24 – Highlights
The budget for the year 2023-24 presented by the finance minister today has been quite pragmatic with no populist measures taken. This was widely expected considering that it was the…