AMFI submitted a 27-point Budget FY27 proposal seeking tax reforms for mutual funds, including ELSS deduction under new regime, restoring indexation for debt funds, equity parity for FoFs, ReITs and InvITs, pension-linked schemes, and measures to deepen markets and savings.
States’ consolidated fiscal deficit widens 0.3 pc to 3.3 per cent in FY25: RBI
Indias states fiscal deficit has widened to 3.3 percent of GDP in fiscal year 2025. This increase stems from states borrowing more under a central